September 7, 2011 - Fearing action, Swiss banks like Credit Suisse, UBS oppose tax treaty with US
The Swiss Bankers Association has lashed out at the possibility of another tax treaty with the US aimed at handing over details of Americans suspected of using
September 6, 2011 - Swiss Bankers, U.S. Government Square Off Over Credit Suisse
With the threat that legal proceedings could result in forfeiture of all its U.S. assets.... the bank is quite likely to strike some form of a settlement
September 6, 2011 - Swiss to deliver some bank data over tax row: report
"According to unconfirmed estimates there were $20-30 billion from tens of thousands of clients," the paper wrote.
September 6, 2011 - Swiss to supply bank information to US: report
According to Swiss daily TagesAnzeiger, state secretary for international affairs Michael Ambuehl will transmit by Tuesday evening information on the number of
September 5, 2011 - Banks say US tax deal must respect Swiss law
Swiss bankers have rejected another UBS-style tax evasion deal following an ultimatum from the United States last week to turn over the names of more tax cheats
September 5, 2011 - Swiss Banks Try To Deflect US Pressure For More Client Data
Swiss bankers and politicians Monday tried to deflect growing pressure from U.S. authorities on Switzerland to reveal additional client data in a continuing tax
September 5, 2011 - U.S. Pushes Switzerland Hard Over Secret Bank Account Info
The U.S. however, is demanding even more. Although the Swiss have agreed in principle to something resembling the German and GB account holder regulations, that
September 5, 2011 - US Warns Ten Swiss Banks to Handover Account Information
In a warning issued by the United States Government to about 10 Swiss banks, the government has asked for confidential information relating to individuals evadi
September 5, 2011 - Swiss bankers group wants amicable deal in U.S. tax row
Switzerland must solve a dispute with the United States over wealthy citizens using secret Swiss accounts to dodge taxes under existing laws and should continue
September 4, 2011 - US presses Swiss banks for data over tax evasion
US authorities have given Switzerland until Tuesday to transmit data from tax evaders in the United States who have stashed assets away in Swiss banks, the Sonn
September 1, 2011 - Swiss Memo Outlines Possible Compromise on U.S. Demands
A memorandum from the Swiss government outlining a possible compromise with the United States regarding secret bank accounts held by U.S. nationals with Swiss b
August 31, 2011 - Swiss parliament committee backs tough bank rules
A Swiss parliamentary committee voted in favour of proposed tough capital standards for UBS and Credit Suisse , but rejected a proposal to cap bonuses at the bi
August 30, 2011 - IRS Extends Voluntary Disclosure Deadline to Sept 9
Due to the potential impact of Hurricane Irene, the IRS has extended the due date for offshore voluntary disclosure initiative requests until Sept. 9, 2011. Se
August 30, 2011 - Changing the business model
This means Swiss private banks would find it extremely challenging to continue with their traditional business model of serving primarily as an offshore banking
August 29, 2011 - U.S Justice Department Won’t Release Settlement In DMI Case
DOJ spokesman Charles Miller wrote in response to a query Aug. 16. He did not contest the existence of the settlement with the Islamic Investment Company of the