On June 18, 2014, the U.S. Internal Revenue Service (“IRS”) announced changes to the 2012 Offshore Voluntary Disclosure Program (“OVDP”) and the Non-Resident U.S. Taxpayer Disclosure Program (now referred to as the “Streamlined Filing Compliance Procedures”). The changes are intended to ease burdens and help taxpayers come into compliance by…
Marie-Thérèse Yates is a partner in the Wealth Management Group of Baker & McKenzie in Zurich. She frequently speaks on US tax and wealth planning matters, including related compliance issues, at conferences on international private banking and wealth management matters. Ms. Yates' practice covers international tax and wealth planning matters, with a focus on US tax, including the taxation of non-US trusts with US beneficiaries, US tax regularization (voluntary disclosure) and the relinquishment of US citizenship and US green card status. She also has experience advising non-US financial institutions on the Foreign Account Tax Compliance Act as well as on US regulatory matters, including US securities law issues.