How to open a foreign bank account that will not be closed due to the lack of confirmation of registration of this account in the tax
Many foreign banks, which still open accounts for non-residents, are beginning to demand documents that taxes on amounts in the account as personal income have been paid. Some foreign banks…

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Foreign banks in Argentina will be able to work without a license
The Argentine government is developing a new bill that will amend the Capital Markets Law. The main purpose of the new law is to attract foreign investment in the country.…

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Sweden and the Netherlands demand to disclose the clients of the Swiss UBS

It recently emerged that Sweden and the Netherlands filed administrative requests with the Swiss authorities asking them to state the names of their citizens who own accounts at UBS in Zurich to find out if they paid taxes or not. Previously, similar requests were also filed by Spain and France, relying on information received from the German authorities, who since 2010 have conducted several fiscal investigations based in part on information obtained in Switzerland through unofficial channels. Continue reading

World banking systems
In world practice there are the following banking systems: 1) two-level: 1st level - Central Bank, 2nd level - commercial banks; 2) a decentralized banking system of the United States…

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