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
May 11, 2012 - Swiss Say U.S. Tax Talks Continue as Newspaper Reports Failure
“Discussions over a comprehensive solution with the U.S. are ongoing,” Mario Tuor, a spokesman for State Secretariat for International Financial Matters in the
May 11, 2012 - FATCA's "Vulnerabilities Evident," Washington Expert Claims, Calls for Repeal
Citing "untold costs" versus "trivial revenue recovery," Jatras shatters the myth that FATCA ("Foreign Account Tax Compliance Act") is a "done deal" and calls f
May 11, 2012 - Many Americans Abroad Surprised by Tax Code's Nasty Bite
In a report in January, the I.R.S.’s taxpayer advocate, Nina E. Olson, criticized the agency for not explaining the laws better to international payers; for iss
May 10, 2012 - Can The IRS Restrict Your Travels?
While the bill easily passed the Senate, some members of the House of Representatives opposed the passport revocation, as it is seen as a violation of due proce
May 10, 2012 - U.S. Millionaires Told Go Away as Tax Evasion Rule Looms
HSBC Holdings Plc (HSBA), Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. (DBS) all say they have turned away business.
May 10, 2012 - Geneva Bank Pictet Used in Offshore Tax Scheme, U.S. Says
Pictet was overseeing 247 billion Swiss francs for private and institutional clients at the end of 2011, making it Switzerland’s third-largest wealth manager.
May 7, 2012 - Pictet says Swiss media got it wrong: US involvement
The Pictet case is different, dating back to one specific incident related to an external asset manager for whom the bank managed funds;
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. cou
May 7, 2012 - Miami Lakes businessman pleads guilty to tax evasion in UBS crackdown
The government alleged that Gomez avoided paying about $10,000 in U.S. income tax in 2006 and 2007. The government also charged Gomez with failing to disclose t
May 3, 2012 - UBS chairman Kaspar Villiger says Switzerland should not be a tax haven
"Switzerland ought not to be a financial centre for tax evaders. The financial sector cannot become involved in tax crimes," said Kaspar Villiger, chairman of t
May 3, 2012 - UBS says positioned to adapt to bank secrecy shift
Villiger urged Switzerland to reject an automatic exchange of bank client data as is the practice in most of the European Union.
May 3, 2012 - Wealthy Americans increasingly relinquish citizenship
The embassy in Bern, the Swiss capital, redeployed staff to clear a backlog as Americans lined up to relinquish their passports.
May 3, 2012 - UBS Brokerage Biz Gives Swiss Something To Smile About In Q1
Much of the good news in the quarter came from it’s U.S. Wealth Management business run by former Merrill Lynch icon Bob McCann.