The taxman cometh for Singapore-based US expats

UNITED States citizens living in Singapore who may have been hiding assets or avoiding taxes back home should not be too surprised to get a knock on the door from a special agent.

The US Internal Revenue Service (IRS) has armed itself with hundreds of new agents and a list of likely suspects. And it has targeted Singapore as one of the cities around the world where there are rich Americans.

'If you get a knock on your door and the person there says he's a special agent, I suggest you seek counsel immediately,' says Mr Kurt Rademacher, director of international tax practice at US law firm Butler Snow.


ORIGINAL SOURCE