Feb 14, 2011 - UBS attracts new money for 2nd quarter in a row
A significant change is that the bank has begun to attract new money, after a period of outflows in the wake of the bank’s bailout by the Swiss government in De
February 11, 2011 -Experts say latest US tax amnesty ‘tough’
ax experts are describing the latest US tax amnesty programme aimed at flushing out undeclared bank accounts as tough and ungenerous, and apparently aimed at ex
February 9, 2011 -UBS Whistleblower Finds Himself in Federal Prison
Bradley Birkenfeld once lived the high life as secret Swiss banker at UBS in Geneva. Then he delivered some of the world's best-kept secrets to the US governmen
February 8, 2011 - IRS Sets Offshore Amnesty, Part II
Commissioner Doug Shulman also said investigations of some foreign banks that have helped U.S. taxpayers evade taxes are at an "advanced" stage, though he decli
February 8, 2011 - IRS reduces penalties if tax cheats come clean
"If we find you, you face harsher penalties and the possibility of jail time," Shulman said. "If you come in voluntarily, you pay a steep price but avoid going
February 8, 2011 - IRS Announces 2nd Amnesty Period For Hidden Offshore Accounts
In announcing a reprise of that program Tuesday, IRS Commissioner Doug Shulman said the agency is proceeding with investigations into other banks, some of which
February 8, 2011 - IRS Announces a New Partial Amnesty to Disclose Hidden Offshore Accounts
The new voluntary disclosure program will require those who come forward to pay up to 25 percent of the highest annual amount in the account from 2003 through 2
February 8, 2011 - UPDATE 1-U.S. starts new offshore amnesty for tax cheats
Under the new program, participants face a 25 percent penalty for the year with the highest balance, compared with the usual penalty of 50 percent.
February 5, 2011 - Hiding Money Overseas? You’re Taking a Big Chance
ANYONE who squirrels away money in an offshore bank account, confident that it will remain a secret, should think again.
February 4, 2011 - Two HSBC clients sentenced in U.S. for tax evasion
A father-and-son team of Miami-based property developers was sentenced to 10 years in prison on Friday for failing to report more than $49 million of income in
February 4, 2011 - Private banks: Leaks present physical and semantic
Majority of banks say focus on tax evasion to blame; "secrecy" now "confidentiality", tax "avoidance" now "evasion"?
February 4, 2011 - INTERVIEW: New US Tax Rules Will Cost Banks Billions
U.S. banks with operations abroad and foreign banks working inside the U.S. face "billions of dollars in aggregate" compliance costs because of new tax rules be
February 3, 2011 - More Amnesty for Foriegn Account-Holders?.
The IRS is expected to announce in coming weeks a second amnesty deal like an earlier one that offered lower penalties to those who turned themselves in.
February 3, 2011 - Swiss Pursue Swindling Case of Venezuelan In South Florida
Authorities in Switzerland are reaching across the ocean to investigate a prominent Miami businessman who had attracted several well-known investors.
February 1, 2011 -Florida banks oppose foreigner accounts proposal
Under current U.S. regulations, banks report interest earned on bank accounts held by American citizens to the Internal Revenue Service. That requirement does n