April 27, 2012 - IRS ramps up audits of taxpayers in Israel
Americans filing their tax returns from Israel are being audited by the U.S. Internal Revenue Service with a frequency that industry professionals have never seen before, according to several certified public accountants.
April 10, 2012 - Bank of Israel wants to negotiate tax deal on U.S. citizen
Bank Leumi has already told its American clients that they must declare by the end of April that they have reported their bank accounts to the U.S. tax authorities.
April 6, 2012 - US investigating Leumi customers for tax evasion
Three US citizens, Iranian-born Jews residing in Los Angeles, opened a bank account and transferred money to Bank Leumi's main branch in Tel Aviv.
March 29, 2012 - Leumi orders American clients to declare U.S. knows of the
Bank Leumi has told its American clients that they must submit a declaration by the end of April that they've reported their bank accounts to the U.S. tax authorities. The letter warned that their accounts would be frozen at the beginning of May if they fail to do so.
March 7, 2012 - U.S. eases pressure on Switzerland over taxes for now
The United States welcomes the Swiss parliament's backing of a proposal to help U.S. authorities crack down on wealthy Americans who evade taxes and will not put any further pressure on Switzerland at present, the U.S. ambassador to that country said on Tuesday.
March 6, 2012 - Parliament votes for Swiss-US tax treaty amendment
The lower house of the Swiss parliament Monday 5 March voted strongly in favor of an amended US-Swiss tax treaty, 116-52, thus backing a vote by the upper house in December 2011.
March 6, 2012 - Swiss Lawmakers Approve U.S.Tax-Treaty Amendment
Switzerland’s lower house approved an amendment to a double-taxation agreement with the U.S., allowing so-called group requests in cases of suspected tax evasion or tax fraud.
March 6, 2012 - Swiss Lawmakers Approve U.S.Tax-Treaty Amendment
Switzerland’s lower house approved an amendment to a double-taxation agreement with the U.S., allowing so-called group requests in cases of suspected tax evasion or tax fraud. The amendment to the 2009 tax treaty will enable U.S. authorities to obtain data on groups of American clients holding Swiss bank accounts without knowing their identities.
March 6, 2012 - Swiss parliament backs tax amendment
January 3, 2011 - 14,000 credit cards affected in cyber attack
Leumi Card reported that 4,000 of its customers' credit card details were posted. The company has restricted the affected cards' Internet capabilities and was set to contact cardholders on Tuesday.
January 3, 2011 - BoI: Hacking victims won't bear responsibility
Leumi Card reported that 4,000 of its customers' credit card details were posted. The company has restricted the affected cards' Internet capabilities and was set to contact cardholders on Tuesday.
October 7, 2011 - Swiss to Hand Hundreds of Account Holder Names to U.S, T-
A first batch of data will be handed over in late October, with more to follow in mid-November, the Swiss newspaper said.
October 6, 2011 - Bank Leumi USA Announces Steven H. Lavin is Appointed Cha
Bank Leumi USA, the largest subsidiary of the Leumi Group, has operated in the U.S. for more than fifty five years, and is an FDIC-insured, full-service commercial bank that provides financial services to middle- to upper-middle market firms, and international businesses through offices in New York, Illinois, California, Florida, and a representative office in Israel and an offshore office in the Cayman Islands.
September 19, 2011 - U.S. tax-evasion probe leads to Israeli banks
The banks under scrutiny by the U.S. Justice Department's criminal tax division are Bank Hapoalim, Bank Leumi le-Israel BM and Mizrahi-Tefahot, the sources said.
September 15, 2011 - U.S. tax-evasion probe turns to Israeli banks
The banks under scrutiny by the U.S. Justice Department's criminal tax division are Bank Hapoalim , Bank Leumi le-Israel BM and Mizrahi-Tefahot, the sources said.