May 15, 2012 - Swiss Bank Whistle-Blowers Hand Data to U.K.
“We don’t comment on information we receive but we get information from a wide variety of sources which we carefully examine to make sure everyone pays the right tax,” Patrick O’Brien, a spokesman for HMRC
May 10, 2012 - U.S. Millionaires Told Go Away as Tax Evasion Rule Looms
At industry meetings he attends in Singapore, not accepting U.S. clients is “quite a prevailing sentiment,” de Guzman said. There are 18 private banks operating in Singapore, including units run by UBS, Credit Suisse Group AG, Deutsche Bank (DBK) and HSBC, he said
May 10, 2012 - Geneva Bank Pictet Used in Offshore Tax Scheme, U.S. Says
Switzerland and the U.S. are holding talks to resolve a Department of Justice investigation involving 11 Swiss financial firms including Credit Suisse Group AG (CSGN), the nation’s second- biggest bank, Julius Baer Group Ltd. and HSBC Holdings Plc (HSBA)’s Geneva-based wealth unit.
May 7, 2012 - Geneva Private Bank Pictet Says Not U.S. Tax Probe Target
“Pictet confirms that no accusation has been levelled against it by the U.S. authorities, including the IRS.”
May 1, 2012 - Roger Federer, Swiss Banking Will Both Come Back
It’s our strong belief that what you do with your legally gained money should be nobody’s business but your own.
April 30, 2012 - Rand Paul Seeks to Block Tax Treaty Change on Swiss Accoun
“There needs to be some constitutional protections to your banking records.”
April 23, 2012 - UBS head calls tax flap 'economic war'
Switzerland's tax disputes with the United States and some European nations are "an economic war" putting 20,000 jobs at risk, the CEO of Swiss banking giant UBS AG has been quoted as saying.
April 23, 2012 - Cohen Assor Convictions Affirmed
HSBC Clients Convictions Affirmed.
April 23, 2012- Swiss President: Discussed US-Swiss Tax Transparency With G
"We will look into all options available to us," she told reporters. "U.S. taxpayer money in our banks should be identifiable ... we cannot give details until the package is finalized."
April 19, 2012 - Top U.S., Swiss officials to discuss tax secrecy - sources
Switzerland's finance minister is expected to meet with the head of the U.S. Department of Justice in coming days to try to solve a row over untaxed money in secret bank accounts, two sources told Reuters on Thursday.
April 18, 2012 - London chases holders of Swiss accounts
British tax authorities are using a CD of data stolen from a Geneva branch of bank HSBC to track down taxpayers who have hidden money in Switzerland.
April 6, 2012 - Canadian launches court action over 'stolen' offshore data
A wealthy Canadian is in court fighting the Canada Revenue Agency to block its probe into undeclared income in offshore bank accounts.
March 27, 2012 - U.S. Tax-Evasion Probes Said to Slow as Prosecutors Transf
The clients’ banks included UBS; Zurich-based Credit Suisse, the second-largest Swiss bank; and London-based HSBC Holdings Plc (HSBA), Europe’s biggest bank, prosecutors said.
March 20, 2012 - Assets in Bermuda account frozen in US fraud investigation
Assets in accounts at HSBC Bermuda and banks in the Caribbean have been ordered frozen as part of an investigation into an alleged $75 million fraud by a Long Island financial adviser.
March 12, 2012 -New Rules Target Offshore Funds
Owning a portfolio of offshore holdings is about to get much riskier, thanks to new U.S. tax-reporting rules, financial advisers say. As a result, some advisers are urging clients to shift money back to the U.S.