February 8, 2016 - Ex-Julius Baer bankers to plead guilty in U.S. in Swiss tax case
The expected pleas by Daniela Casadei and Fabio Frazzetto, both former client advisers at Julius Baer, in federal court in Manhattan come two days after the Swi
February 9, 2016 - DOJ’s Latest Offshore Tax Case Shows Expatriates Who Renounce U.S. Citizenship Not Immune From Prosecution
The rules for renouncing U.S. citizenship are complicated – both from a State Department and IRS perspective – and even those who carefully comply with those ru
February 9, 2016 - Cayman’s offshore banking sector shrinking
Cayman banks have come under pressure by their US partners, who, under international regulations like the US Financial Action Task Force guidelines, take a risk
February 8, 2016 - Swiss bank Julius Baer says deal done with US on tax-dodging case
Swiss private bank Julius Baer said it had finalised an agreement with US authorities, paying $547m to end a criminal investigation into claims that it helped r
February 8, 2016 - Julius Baer signs final deal with the US
The DoJ stated that Julius Bär had helped US citizens dodge taxes from “at least the 1990s through 2009”. In 2006 the bank issued a memo called “US Clients: Do’
February 4, 2016 - $104 Million UBS Informer Tells Swiss to Back Whistleblowers
It could be beneficial to pass whistleblower legislation, said Penelope Lepeudry, a partner in forensic services at Deloitte in Geneva. Having a law “will give
February 3, 2016 - Two ex-Julius Baer bankers plead not guilty in U.S. tax case
Daniela Casadei and Fabio Frazzetto, former client advisers with the Swiss bank, entered their pleas in Manhattan federal court after voluntarily agreeing to fa
February 2, 2016 - Swiss Bankers Said Ready to Plead Guilty in U.S. Tax Case
Casadei and Frazzetto, accused of helping more than 180 U.S. clients hide at least $600 million in assets from the Internal Revenue Service, face as long as fiv
February 2, 2016 - DOJ Confirms Action To Continue Against US Tax Evasion
Ciraolo disclosed that additional action can be expected from the DOJ in 2016. She said the DOJ is "working closely with the IRS in its efforts to obtain foreig
February 1, 2016 - Last Swiss Bank Settles in $1.37 Billion Tax Evasion Program
After three years and $1.37 billion in penalties, the U.S. is ending a disclosure program that forced Swiss banks to reveal all the secret ways they helped Amer
January 26, 2016 - IRS Still Hunts Offshore Accounts As More Foreign Banks Sign Deals With U.S.
the IRS and Justice Department have a wealth of information at their disposal. They have warned offshore account holders to disclose before it’s too late. Under
January 25, 2016 - Over 38,000 Secret French Accounts Worth €12Bln Found in Swiss UBS Bank
A major tax evasion scandal might be unfolding in Switzerland after French tax authorities discovered over 38,000 secret accounts held by French citizens in the
January 14, 2016 - Clinton targets Cayman Islands tax schemes
“We are now in a position, I think, where we can go after some of these schemes that you did read about: the kind of misclassifying of income, trying to make it
January 13, 2016 - Supermodel Bar Refaeli's Alleged Tax Evasion On Gifts: Must You Report Yours?
The revelation that supermodel Bar Refaeli is under investigation for alleged tax evasion is big news. She and her mother may both face tax evasion charges for
January 13, 2016 - King of Spain's sister appears in court to face tax evasion charges
The Infanta Cristina, the sister of the king of Spain, has appeared in court on the Balearic island of Mallorca to face charges of tax evasion, the first time a