August 29, 2011- Islamic Banks Next Target of IRS?
now there is this story - or “non-story.” The U.S. Department of Justice refuses to confirm or deny a tax settlement with the Islamic Investment Company, a bank
August 29, 2011 - France avoids Swiss tax deal – for now
Switzerland may have struck deals with Britain and Germany to tax money held by their residents in Swiss bank accounts, but France is digging in its heels.
August 28, 2011 - Swiss Govt Prepares CS client data transfer to US
The Swiss government may be paving the way for a large-scale transfer of Credit Suisse client data to the United States in order to save the bank serious legal
August 27, 2011 - IRS Extends Deadline for Voluntary Disclosures 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. For
August 26, 2011 - Swiss-British bank tax deal ruffles feathers
A deal to end a tax evasion row between Switzerland and Britain has been hailed as a victory for Swiss banks but a blow for the global crusade against banking s
August 26, 2011 -Tax deal with the Swiss defended by UK minister
Treasury minister David Gauke said the deal was historic, with no chance of the Swiss abandoning tax secrecy altogether.
August 25, 2011 - Ambassador criticises New York Times editorial
In a letter to the editor published in the newspaper on August 23, Manuel Sager wrote that he “strongly disagreed” with a line in the August 17 editorial that “
August 25, 2011 - Swiss, U.S. Tax Talks at ‘Crucial’ Stage, Tages-Anzeiger Says
Switzerland made a comprehensive and tailor-made offer to legalize all accounts of American clients in Switzerland which now has to be accepted by the U.S., acc
August 25, 2011 - Chancellor George Osborne launches £5bn tax raid on Swiss bank accounts
Under the agreement, UK accounts held in Switzerland in May 2013 will be subject to a one-off levy that could be worth as much as 34pc of the account's contents
August 24, 2011 - U.K. Signs Treaty With Switzerland Over Undeclared Accounts
The U.K. has signed a treaty with Switzerland allowing it to hit previously undeclared British deposits in Swiss accounts with a levy of up to 39%, in another b
August 23, 2011 - Ex-UBS Client Must Give Tax Records to U.S. Grand Jurors
A former UBS AG client can’t assert his constitutional right against self-incrimination to avoid turning over his bank records to a U.S. grand jury, a federal a
August 24, 2011 - US court ruling to Swiss bank secrecy
A three-judge panel ruled that the fifth amendment to the US constitution, which protects the individual from attesting against themself, does not cover foreign
August 23, 2011 - Switzerland criticises U.S. demands in tax matters
U.S. not satisfied with revised double taxation agreement-Swiss president * Switzerland will not let U.S. decide how it has to transfer client data
August 23, 2011 - Swiss bank UBS to axe 3,500 jobs
The move comes after raft of job losses across Britain's biggest banks, with Royal Bank of Scotland shedding 2,000 staff, HSBC 30,000, Barclays 3,000 and Lloyds
August 22, 2011 - Ex-UBS Client Must Give Tax Records to Grand Jury, U.S. Court Rules
U.S. prosecutors won a victory in their crackdown on offshore tax evasion when a federal appeals court said a former UBS AG (UBSN) client cannot assert his cons