WASHINGTON - The Treasury Department says 77,000 foreign banks have agreed to share information about U.S. account holders as part of a crackdown on offshore tax evasion.
The list released Monday includes 515 Russian financial institutions. Russian banks had to apply directly to the Internal Revenue Service because the U.S. broke off negotiations with Russia over an information-sharing agreement because of Russia's actions in Ukraine.
Nearly 70 countries have agreed to share information from all their banks as part of a U.S. law that targets Americans hiding assets overseas.
Under the law, foreign banks that don't agree to share information with the IRS face steep penalties when doing business in the U.S.
Drive-by shooting puts Jerusalem on edge
The drive-by shooting of a right-wing Israeli activist has stoked tensions in Israel with both Jewish and Muslim leaders condemning each other.
Starbucks coffee announces delivery service
Starbucks announced Thursday it's planning a new online and mobile service that will deliver coffee to your home or office in select locations.
Man wanted in Pa. trooper ambush captured
A survivalist accused of ambushing two state troopers, killing one and seriously wounding the other, was captured on Thursday by U.S.…
Spain's 'Google Tax' makes feeds pay for links
Spanish lawmakers have passed new IP rules requiring aggregators to pay for linking to news sites, following a broader trend across the E.U.
Liberian Ebola rate slows, WHO stresses caution
The World Health Organization says the spread of Ebola in Liberia has slowed but also warns the disease is not yet under control.
Burkina Faso's parliament burned
Anger at the president of Burkina Faso's attempt to lengthen his stay in power has boiled over in the form of protests and the burning of parliament.