As more Swiss banks are reaching an agreement with the US Department of Justice (DoJ) and the implementation of FATCA, the pressure is growing on US-related clients. Forbes comes back on the IRS’s long-running Offshore Voluntary Disclosure Program (OVDP) and the costs for the non-compliant US-related assets. The blog says that ‘Disclosure is clearly the best path, and the OVDP still has the highest degree of safety’. At the moment, taxpayers joining the OVDP face a 50% penalty if they had accounts at any of the banks on the IRS’s list. Outside of these banks, the usual penalty is 27.5%.