Nassau, Bahamas – October 14, 2014
Miami based international tax attorneys Steven L. Cantor and Arthur J. Dichter of Cantor & Webb P.A. addressed the STEP Bahamas branch on the topic of the New 2014 IRS Offshore Voluntary Disclosure Program during a luncheon at 12:30PM on Tuesday, September 30, 2014 at the British Colonial Hilton in Nassau, Bahamas.
The IRS significantly changed the Offshore Voluntary Disclosure Program (OVDP) on June 18th, 2014. These changes offer an incredible opportunity to many of those who have not yet complied with their tax payment and reporting obligations to do so with minimal or no penalties. The presentation will provide an overview of the new program as well as other NEW incidental programs and procedures being offered by the IRS in connection with voluntary disclosures.
“The Bahamas are trying their best to become as compliant as possible,” said Mr. Cantor, who has worked with the Bahamian financial services industry and its clients for decades, in a recent interview with The Nassau Tribune. He added: “The first and most important thing is that the message has gotten out to the industry, the accurate and clear message has gotten out there through [the] government. That alone sets the Bahamas apart from many other jurisdictions.”
About Cantor & Webb P.A.
Cantor & Webb P.A. focuses exclusively on representing high net worth private international clients and their businesses in the areas of tax planning, estate planning, wealth preservation, commercial and property matters. For more information visit, www.cantorwebb.com or contact Cantor & Webb P.A. at (305) 374-3886.
The Society of Trust and Estate Practitioners (STEP) has become the foremost professional body for the trust and estate profession worldwide. STEP members come from the legal, accountancy, corporate trust, banking, insurance and related professions, and are involved at all levels in the planning, creation and management of, and accounting for, trusts and estates, executorship, administration and related taxes. STEP now has well over 12,000 members worldwide in all major international financial centers. For more information about STEP, visit www.step.org.
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