November 13, 2013 - Feds expand hunt for offshore tax evaders
The five include Bank of New York Mellon, Citibank, JPMorgan Chase Bank, HSBC Bank and Bank of America.
November 13, 2013 - Bank Records Sought in Offshore Tax Inquiry
Judge Richard M. Berman of the United States District Court in Manhattan told the banks — Citigroup, Bank of New York Mellon, JPMorgan Chase, HSBC and Bank of America — to produce details about American clients who may be evading taxes through the Bank of N.T. Butterfield & Son.
November 13, 2013 - Court Authorizes IRS to Issue John Doe Summonses
IRS to issue summonses requiring Mellon, Citibank, (JPMorgan), (HSBC), BANK OF AMERICA to produce similar information in connection with undisclosed accounts at The Bank of N.T. Butterfield & Son Limited and its affiliates (collectively, Butterfield) in the Bahamas, Barbados, Cayman Islands, Guernsey, Hong Kong, Malta, Switzerland, and the United Kingdom.
September 20, 2013 - Beanie Babies creator Ty Warner to settle tax evasion
the entrepreneur who became a billionaire creating Beanie Babies toys, has been charged with federal tax evasion and has agreed to pay a $53.5-million penalty, federal officials said.
September 19, 2013 - Beanie Babies creator to plead guilty to tax evasion,
the creator of Beanie Babies plush toys, was charged with tax evasion for failing to report $3.2 million in income on a secret Swiss bank account that held as much as $93.6 million in assets
September 4, 2013 - Swiss Bank Group’s Odier Sees U.S. Tax Spat Resolved by
“The situation would be sorted out within the next 12 to 18 months,” Odier, 58, told reporters in Zurich today. “That’s the advantage of having a program.”
August 29, 2013- - Banks back plan to end US tax evasion row
According to the Swiss newspaper Tages-Anzeiger and a journalists' conference call with a senior US Justice Department official, banks will pay fines of between 20 and 50 per cent of the assets they helped clients hide from the US tax authorities under the agreement.
August 23, 2013 - U.S. looks to turn the screw in Swiss banks talks
The United States is pushing Switzerland for a deal to settle a long-running dispute over banks that shelter tax evaders, a Swiss government source said on Thursday, ratcheting up the pressure after parliament rejected an accord in June.
July 22, 2013 - Liechtenstein bank stows extra $33 million for imminent U.S
LLB's Swiss arm is one of more than a dozen banks in Switzerland under formal investigation by the United States, including Credit Suisse, Julius Baer, the Swiss arm of Britain's HSBC, privately held Pictet and local government-backed Zuercher Kantonalbank and Basler Kantonalbank.
July 15, 2013 - Swiss banks seek permission to send data in U.S. probe-sour
which also include local government-backed banks Zuercher Kantonalbank and Basler Kantonalbank and the Swiss arm of Britain's HSBC, expect the government to approve their request in the coming days, two sources said.
July 12, 2013 - Swiss Banks Near Deal on U.S. Tax Cheats
A group of Swiss banks is lining up to deliver key information to U.S. authorities investigating tax evasion, potentially moving a long-running legal battle further toward a close.
July 8, 2013 - US tax net closes on local lenders
At least two state-backed cantonal banks feature among the group of Swiss institutions in the crosshairs of the US Justice Department for allegedly helping American tax dodgers. Critics say their state guarantees should be removed.
June 24, 2013 - Swiss government delays bid to settle U.S. tax dispute
The Swiss government will consider ways to allow the country's banks to hand over information to U.S. authorities either next Wednesday or a week later, a spokesman said on Friday, later than previously indicated.
June 18, 2013 - Foreign banks in Switzerland favour US bank deal
Alfredo Gysi, who heads the Association of Foreign Banks in Switzerland, told reporters in Zurich he hoped the lower house of the Swiss parliament would give its blessing Tuesday to a secretive deal between Bern and Washington to settle the dispute.
June 18, 2013 - Swiss parliament stalls progress of U.S. tax deal
The lower house voted by a large majority not to discuss the legislation, referring it back to the upper house.