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31 thoughts on “Jack Townsend: Warnings on Continued Government Patience for Offshore Account Ostriches (1/31/13)”

1. *@Pacifica, thanks so much for your kind words of encouragement!  I agree that everything should be fine and also that I’ll make a point of enjoying my precious time with family over there.  :)  It will be great to see everyone!!

2. *and thanks to you too, Calgary!  I hope that someday maybe I could make a special trip to Canada to actually meet up with such supportive people such as yourself, Pacifica, and Bubblebustin to name a few.

3. @monalisa,

   Wouldn’t that be wonderful — it would be an honour to meet so many, including you. You do know that AnonAnon is planting the seed of a CLN party down the line? Perhaps there will be a special posting on that subject one day soon. Safe journey, monalisa!

4. @monalisa1776

   And you too! Have a safe and pleasant trip.

5. Two more Jack Townsend posts that merit Reading…

   Report of Government Comments on FBAR Penalties at ABA Tax Section Meeting

   I have just picked up the TNT report for a session that I did not attend at the Orlando ABA Tax Section meeting last weekend.  Jeremiah Coder, OVDP Opt-Outs Face Normal Exam Procedures, 2013 TNT 19-6 (1/29/13).  The report is of a Court Procedure and Practice session.  I offer some excerpts from the report and some comments.  The items presented in the following discussion are my own thoughts except as attributed to the article.

   Article on Taxing Administration for Offshore Accounts (2/2/13)

   I just reviewed a recent article by Itai Grinberg, a Georgetown University Law Center professor, titledThe Battle Over Taxing Offshore Accounts, 60 UCLA L. Rev. 304 (2012), here.  Until the summer of 2011, Professor Grinberg
   

   served in the Office of International Tax Counsel at the U.S. Department of the Treasury. In that capacity, he was substantially involved in the Obama administration’s legislative and regulatory efforts to address offshore tax evasion, and he also represented the United States at the OECD and at the Global Forum on Transparency and Exchange of Information for Tax Purposes.

   The article addresses the roles and interests of the various players in the offshore account phenomenon.  The article is very good, so I commend it.  The author does caution in footnote 3 that, because of how the article developed:  ”Readers should view events after July 1, 2012 as generally beyond the scope of this Article.”

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