Posts Tagged With: Wegelin

International Precious Metals Storage Firm Turns Away U.S. Customers….


The U.S. tax and regulatory environment inflicted another casualty last week. ViaMat, a Swiss firm providing vaulting and transport services for bullion and other valuables, threw in the towel and instructed U.S. customers they will need to go elsewhere:

“We are currently experiencing rapid and substantial changes in the general regulations within this business. The changes mainly relate to the tax structures and taxation systems of various countries. As a consequence of these changes VIA MAT INTERNATIONAL has taken the decision to stop offering this service at its vault [sic] outside of the U.S. to private customers with potential U.S.-tax liability.”

The move mirrors action taken by Wegelin, the oldest bank in Switzerland, back in 2011. The bank stopped accepting business from the U.S., rather than buckle under pressure from U.S. regulators and hand over confidential account information.

To be clear, the regulations impacting ViaMat and other firms are focused on U.S. citizens with assets overseas. Investors storing precious metals inside the U.S. are not subject to any new rules — at least for now.

Categories: Uncategorized | Tags: , , , , , , , , , , , , | Leave a comment

Blog at WordPress.com.

mayanexplore.com

Riviera Maya Travel Guide

Cajun Food, Louisiana History, and a Little Lagniappe

Preservation of traditional River Road cuisine, Louisiana history & architecture, and the communities between Baton Rouge & NOLA

Jali Wanders

Wondering and Wandering

Southpaw Tracks

“If ever a time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patriots to prevent its ruin.” ~Samuel Adams

Pacific Paratrooper

This WordPress.com site is Pacific War era information

what's the formula?

Nurturing awesomeness: from the parents of celebrities, heroes, trailblazers and leaders

Tarheel Red

A Voice of Conservatism Living in Carolina Blue

cancer killing recipe

Just another WordPress.com site

dreamshadow59

A great WordPress.com site

Mike's Look at Life

Photography, memoirs, random thoughts.

Belle Grove Plantation Bed and Breakfast

Birthplace of James Madison and Southern Plantation

Letters for Michael

Lessons on being gay, of love, life and lots of it

Sunny Sleevez

Sun Protection & Green Info

Backcountry Tranquility

A journal about my travels and related experiences :)

LEANNE COLE

Art and Practice

Lukas Chodorowicz

Travel, culture and lifestyle experienced on my adventures around the world. All photos taken by me. Instagram: @colorspark

%d bloggers like this: