June 14, 2011 - Massive tax evasion deal with U.S. could see Swiss banks pa
The governments of Switzerland and the U.S. are preparing to enter into a deal that would impose billions of dollars in fines on Swiss banks and disclose more American tax evaders, according to a report.
June 10, 2011 - Swiss, US in Talks on Tax Probe Settlement
U.S. government agencies would invite the banks to pay a fine, exit their undeclared offshore banking businesses for Americans, and turn over client names to the Internal Revenue Service (IRS) and the Justice Department.
June 9, 2011 - IRS Readies Enforcement Against at Least One Overseas Bank
“The IRS plans to move against one or more banks in the next month or so,” Steven Miller, deputy commissioner for services and enforcement, said at a conference in Washington on June 7.
June 9, 2011 - Governments heap more pressure on offshore banks
IRS Deputy Commissioner for Services and Enforcement Steven Miller said it planned to move against "one or more banks in the next month or so".
May 16, 2011 - Deutsche Bank's trick
The Greek government was fuming as the apparently devious reporting by DER SPIEGEL resulting in yet another downgrading of Greek Government debt by Standard and Poor’s that comes at a time when there have been no new negative developments or decisions since the last rating action by the agency just over a month ago and therefore was branded by the Greek finance minister as “not justified”.
May 3, 2011 - Advising Clients About the 2011 Offshore Amnesty Program
Advising clients about the 2011 OVDI and offshore enforcement update.
April 20, 2011 - A leak in paradise (teaser) - Coming in 2012
A documentary on tax havens and Swiss whistleblower Rudolf Elmer, a man who broke the Cayman bank secrecy law by publishing sensitive client data from Bank Julius Baer on WikiLeaks.
April 17, 2011 - Got Income from Land, Property or Account in India?
"The UBS case has essentially become a template for actions against other offshore banks," Miami based attorney, Teig Lawrence, told India Abroad.
April 15, 2011 - Profiled: Illegal Offshore Account Holders
Nearly a half-million Americans have a painful decision to make by Aug. 31 — admit to the IRS that they’ve been hiding secret offshore bank accounts, or take their chances that the government won’t find out and possibly send them to jail.
March 30, 2011 - Cleaned-up Swiss private banks seen M&A targets
Pierre De Weck, head of private banking at Deutsche Bank , said the combination of dual taxation agreements and a tax evader clampdown will pressure Swiss wealth managers clean up their books.
March 4, 2011 - Banks haven't gotten the tax fraud message: prosecutor
U.S. authorities will devote "considerable" resources to go after the banks, the bankers, "and most importantly the clients," Downing said.
Feb 14, 2011 - British hunt for Hosni Mubarak's secret stash of billions
HSBC and Barclays have interests in Egypt, but both declined to comment.
February 9, 2011 - IRS Sets Offshore Amnesty, Part II .
The Internal Revenue Service on Tuesday announced a new limited amnesty for U.S. taxpayers with secret foreign accounts that will allow them to pay penalties and avoid jail time.
January 30, 2011 - Offshore banks must adapt or die in WikiLeaks era
If the US government can’t stop WikiLeaks from publishing sensitive military information, small nations won’t be able to prevent the release of this kind of data. There will always be another whistleblower - and you can’t prosecute them all.
January 25, 2011 - A 2nd I.R.S. Amnesty for Offshore Accounts
The Internal Revenue Service said on Monday that it would soon announce a new amnesty program aimed at encouraging wealthy Americans with hidden offshore bank accounts to come forward, declare their money and pay taxes owed.