Why hire an international payroll service? Key Talent Management Considerations

During the worst of the bank crisis in 2008, it came to light that Swiss bank UBS was assisting account holders in secreting fortunes away from the eyes of taxing authorities. As a result, in 2009, they were fined $780 million by the U.S. government. As a direct outcome of this, claims Fox Business News, close to 2,000 expatriates renounced their U.S. citizenship in 2011, compared with only 235 in 2008 when the UBS case first hit the front pages.