May 15, 2012 - Julius Baer warns on cost ratio, margins
The Swiss private bank didn't provide an update to an ongoing U.S. tax probe into hidden offshore accounts at eleven Swiss banks including Baer and Credit Suisse.
May 15, 2012 - Julius Baer warns on cost ratio, margins
The Swiss private bank didn't provide an update to an ongoing U.S. tax probe into hidden offshore accounts at eleven Swiss banks including Baer and Credit Suisse.
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 11, 2012 - Clients not fleeing Swiss banks over tax deals
There will be no mass exodus of clients from Switzerland's banks due to deals with several European countries over untaxed assets stashed in secret accounts and a pledge to turn away tax evaders in future, the industry association's head told Reuters.
May 11, 2012 - Swiss Say U.S. Tax Talks Continue as Newspaper Reports Failu
“Discussions over a comprehensive solution with the U.S. are ongoing,” Mario Tuor, a spokesman for State Secretariat for International Financial Matters in the Swiss capital Bern, said today in a phone interview.
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 7, 2012 - Swiss bank Pictet gave data to U.S. in tax probe
Pictet said in a statement the data handover took place in November 2010 via the Swiss tax office, which had received a request for assistance from its U.S. counterparts.
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.
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.
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 30, 2012 - Swiss FinMin says withholding tax deals will prove effici
Widmer-Schlumpf did not elaborate on ongoing talks with U.S. justice and tax officials over a dispute on unpaid taxes in hidden Swiss offshore accounts, following a meeting last weekend in Washington with U.S. Treasury Secretary Timothy Geithner and Attorney General Eric Holder.
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.