November 4, 2011 - No Swiss govt payment offer over U.S. tax probe
The Swiss government has not offered a financial settlement to end an ongoing U.S. tax investigation into a number of the country's banks and remains willing to
November 4, 2011 - Swiss said to offer deal to U.S. over accounts
The deal, as reported, would seem to be inconsistent with U.S. practice in two areas—firstly, related to the tendency for U.S. prosecutors to negotiate crimin
November 3, 2011 - Swiss offer U.S. tax deal for all Swiss banks
The proposed civil settlement, put forward in recent months by Swiss authorities to the U.S. Internal Revenue Service, would cover all banks in Switzerland, num
November 3, 2011 - Swiss offer US tax deal for all Swiss banks
The government of Switzerland has proposed a multibillion-dollar settlement with U.S. authorities over allegations that it helped wealthy Americans avoid billio
November 3, 2011 - Swiss banks gloomy about their business
A leading Swiss banking indicator published on Wednesday shows that banks are more pessimistic about the state of their business now than they were in the summe
November 2, 2011 - Credit Suisse wealth arm earmarks €400m for legal war chest
Disclosed in its third quarter results, announced today, Credit Suisse said it had recorded: “Sfr295m in connection with the US tax matter in Private Banking”,
November 2, 2011 - Swiss Court Ends Appeals Process On UBS Account Transfer Case
The Swiss administrative court has concluded its considerations of appeals by UBS clients angry at having their once-secret banking data transferred to US tax a
November 2, 2011 - Is Switzerland Losing Its Status As an International Tax Haven?
A recent Bloomberg report speculated that Swiss banks will finally spill the beans and share the names of U.S. account holders, in order to settle sweeping U.S.
November 2, 2011 - Swiss Court Ends Appeals Process On UBS Account Transfer Case
The Swiss Federal Administrative Court, with locations in Berne and Zollikofen and, from 2012, in St Gallen, consists of five divisions and a general secretaria
November 1, 2011 - Court upholds 100 appeals from UBS clients
The Swiss administrative court has concluded its considerations of appeals by UBS clients angry at the transfer of their banking data to United States tax autho
November 1, 2011 - Credit Suisse to Cut 1,500 More Jobs After Securities Loss
Larger Swiss rival UBS AG and Deutsche Bank AG, the biggest bank in Germany, last week signaled more jobs may be at risk amid demands for more capital and as th
November 1, 2011 - OECD should step aside and let UN tackle tax havens
John Christensen, director of the Tax Justice Network, defends the Financial Secrecy Index and argues that the OECD is unsuitable to lead global attempts to tac
November 1, 2011 - Nine countries found wanting on tax openness
However, Antigua and Barbuda, Botswana, Barbados, Brunei, Panama, Seychelles, Trinidad and Tobago, Uruguay and Vanuatu were still found wanting in their progres
November 1, 2011 - DOJ Waives Filing Deadline for Swiss Accounts Related to Full Tilt
The US Government has agreed to “waive all filing time limits” to claim the assets of two frozen Swiss bank accounts, according to a letter by US States Attorne
October 28, 2011 - TIGTA Report on 2009 OVDP
THE 2009 OFFSHORE VOLUNTARY DISCLOSURE INITIATIVE INCREASED TAXPAYER COMPLIANCE, BUT SOME IMPROVEMENTS ARE NEEDED