July 20, 2011 - HSBC shuns private banking business from Americans outside U.S.
The private banking arm of HSBC will stop offering services to U.S. residents outside the United States as a crackdown on offshore tax evasion makes the regulat
July 19, 2011 - DJ German-Swiss Deal On Hidden Accounts Could Hit Snag Over Money
Upfront payments may prove to be the key to Switzerland and Germany reaching a deal over an estimated $182.9 billion in undeclared funds held by wealthy Germans
July 19, 2011 - IR-2011-76 IRS Press Release on FATCA
Notice 2011-53, issued today by Treasury and the IRS, provides a workable timeline for FFIs and U.S. withholding agents to implement the various requirements of
July 19, 2011 - IRS Notice 2011-53 on FATCA
this notice describes the timeline for the
implementation of FATCA and discusses certain substantive and procedural matters that will be addressed in regulatio
July 19, 2011 - US delays Fatca implementation by a year
The US Internal Revenue Service (IRS) has delayed the introduction of its draconian new Fatca tax law by a year.
July 18, 2011 - Swiss-US tax talks flounder as CS probed-paper
Swiss attempts to try to get a U.S. tax investigation against its banks dropped are floundering with the launch of a U.S. probe into Credit Suisse seen as a bid
July 18, 2011 - Credit Suisse in sights of US tax probe
Credit Suisse now finds itself under the scrutiny of United States tax evasion investigators after four bankers were charged with helping clients avoid taxes.
July 18, 2011 - US abandons tax deal talks with Switzerland
Citing an unnamed source with insider knowledge, the SonntagsZeitung newspaper said the U.S. had sent Berne a letter two weeks ago saying it had no interest in
July 18, 2011 - U.S. Is Not Interested in Swiss Bank Talks, SonntagsZeitung Says
The U.S. government has sent Switzerland a letter saying it’s not interested in talks to resolve the conflict over tax evasion, SonntagsZeitung said, citing a p
July 18, 2011 - HSBC alerts U.S. clients to offshore tax evasion probe
HSBC's former head of services for Indians living outside their homeland recently wrote to the clients confirming that the London-based banking giant had receiv
July 15, 2011 - Credit Suisse Press Release - Update on DOJ Investigation
Credit Suisse received a letter notifying it that it is a target of the DoJ investigation. It has been reported that the US authorities are conducting a broader
July 15, 2011 - Credit Suisse drawn into US tax probe
The outlook for Credit Suisse darkened on Friday after the Swiss bank revealed it had been formally placed under investigation by the US authorities over allega
July 15, 2011 - Swiss bank Credit Suisse says its cross-border business is target of US justice investigation
Swiss bank Credit Suisse says its cross-border business is target of US justice investigation.
July 15, 2011 - Credit Suisse Target Of US Probe Of Offshore Accounts
The move represents an intensification of the ongoing U.S. probe, and shows officials are using information culled from thousands of Americans who came clean on
July 15, 2011 - U.S. probes Credit Suisse for aiding tax evasion
Credit Suisse said in a brief statement it had received a letter on Thursday notifying the bank that it was a target of a DoJ investigation concerning "historic