Welcome to the new world where Barbados is forced to allow increased numbers of American IRS tax investigators to work and investigate freely on our island.
Just because the US says so.
Our government can’t say “no” because you know what would happen.
Well, that’s what President Obama promised he would do if elected, and he’s done it. Hmmmmm… at least there’s one politician who keeps election promises!
Too bad it isn’t our Prime Minister.
IRS to Add Staff to Barbados Office
CaribWorldNews, NEW YORK, NY, Thurs. Oct. 15, 2009: As the Internal Revenue Service steps up its focus on tax cheats in overseas countries, the agency yesterday said it will boost staff in its Barbados office.
As part of its efforts to step up monitoring of Americans with off-shore accounts who avoid paying their taxes, the IRS said it intends to hire more than 800 new employees in the next year and add staff to eight existing overseas offices, including Barbados.
Meanwhile, with the deadline looming today for Americans with overseas accounts to reveal them to the IRS, Commissioner Douglas Shulman on Wednesday said over 7,500 Americans have come forward so far, revealing accounts ranging in value from $10,000 to more than $100 million in the Caribbean and several other regions including Antartica.
… read the full article at CaribWorldNews.com