May 20, 2010 - UBS Client Gets Conditional Discharge in Tax Case (Update1)
“At a time when the city and state face severe fiscal shortfalls, we cannot afford to let wealthy citizens commit crimes by cheating on their taxes.”
May 20, 2010 - New Swiss finance sect'y say US tax treaty must be kept
Rejection of the treaty by the Swiss parliament would be respected by the US, but it would keep its options open in order to reach its goals...
May 19, 2010 - Cantons urge parliament to approve UBS deal
Now, the country’s cantonal economics ministers have sent a joint letter to parliamentarians, who are due to examine the issue on Friday, urging them to accept
May 19, 2010 - Swiss Government: Rejection Of UBS Pact Would Reignite US-Swiss Spat
Switzerland's finance department detailed comments made by Michael Ambuehl, a high-ranking finance department official who met U.S. tax officials in Washington
May 18, 2010 -Swiss banks' mantra of 'go east' carries risks
While the Swiss government claims that bank secrecy still holds, most observers think it's only a matter of time before Switzerland capitulates on the automatic
May 18, 2010 - End of a secret: It's time to open up Swiss bank accounts
The official end likely will come next month when the Swiss Parliament is expected to change the rules about secrecy....
May 17, 2010 - Americans abroad urged to contact Congress about accessing U.S., overseas banking services
Last month, Representatives Carolyn Maloney (D-NY) and Joe Wilson (R-SC) asked this committee to hold hearings on the difficulties Americans are having with ban
May 16, 2010 -UBS may face U.S. suits if parliament kills deal: Swiss minister
UBS (UBSN.VX)N> could face lawsuits in the United States if the Swiss parliament fails to agree to a deal passing data on the bank's U.S. clients to U.S. tax au
May 15, 2010 -Swiss minister: important for parliament to ok UBS deal
"The (UBS) deal solves a potentially explosive legal conflict with the United States," the foreign minister said. ...
May 14, 2010 - Imminent End of Secrecy to Shake Up Swiss Banking
As Swiss lawmakers appear poised to resolve a tax dispute between UBS and Washington, one thing is becoming clear: an end to absolute banking secrecy will chang
May 13, 2010 -Under Pressure, Swiss Whittle Away at Bank Secrecy
“In my view it’s over, and it’s not a bad thing,” Luc Thévenoz , a professor of law at the University of Geneva, said of using Swiss banks to hide from the tax
May 12, 2010 - Swiss parliament nears deal on U.S. tax deal impasse
Switzerland's government agreed to hold a vote on curbing bankers' bonuses Wednesday, which could resolve a deadlock on handing over names of tax evaders with U
May 12, 2010 - TIMELINE-U.S./UBS deal at an impasse
Switzerland's government said on Wednesday it would allow Swiss parliamentarians to vote on measures to curb banker bonuses, a step that could resolve a deadloc
May 11, 2010 - Swiss Tax Office: 2,500 UBS Client Data Of 4,450 Completed
"Of the remaining nearly 2,000 cases, most are already in processing and close to completion," tax office spokesman Beat Furrer said in an emailed statement...
May 10, 2010 - Swiss SMI Gains Most in a Year; UBS Soars on EU Loan Package
UBS AG and Credit Suisse Group AG, Switzerland’s biggest banks, soared more than 9 percent...