February 19, 2013 - Israeli Banks Said to Be Implicated in U.S. Tax Evasion
A California man born in Israel agreed to plead guilty to conspiring with people at Bank Leumi Le-Israel Ltd. and Mizrahi Tefahot Bank Ltd.
February 19, 2013 - Two Israeli Banks Said to Be Implicated in U.S. Tax Inquiry
The charging document and plea agreement didn’t identify the banks. Bank A is Mizrahi, according to a person who wasn’t authorized to speak publicly about the c
Febtruary 19, 2013 - Bank Leumi, Mizrahi Clients Said to Aid U.S. Tax Probe
Leumi and Mizrahi set up accounts in Israel that U.S. clients didn’t declare to the Internal Revenue Service, said the people, who asked not to be identified
February 15, 2013 - Latest U.S.-Swiss Deal Makes Clear: No Hiding Cash In Big Swiss Banks
If a U.S. account owner doesn’t consent to such reporting, the information will eventually be handed over anyway,
February 15, 2013 - Switzerland, US Sign FATCA Accord
The FATCA agreement negotiated with Switzerland allows Swiss financial institutions to exchange information with the IRS.
February 15, 2013 - Switzerland, U.S. sign pact on fighting tax evasion
the U.S. Treasury Department said on Thursday that Switzerland and the United States have signed a pact to make Swiss banks disclose information about U.S. acco
February 13, 2013 - Proposed IRS Whistleblower Rules Could Undermine FATCA, Critics Argue
Some critics say the proposed rules would make it harder for whistleblowers to collect IRS whistleblower awards, making it less likely people will be willing t
February 13, 2013 -
The expected departure of the 45-year-old Mr. Kengeter, who served during a period of instability and big losses at the investment bank, marks the latest bout o
February 12, 2013 - Judge Raps ‘Tax Cheats’ Suing UBS
the judge said, “The plaintiffs are tax cheats, and it is very odd, to say the least, for tax cheats to seek to recover” penalties and interest from the bank th
February 12, 2013 - UBS wins end to 'travesty' of lawsuit over tax evasion
Judge says "odd" for "tax cheats" to seek recovery
February 6, 2013 - UBS private bank sees weak client inflows
While inflows in fast-growing markets such as Asia were healthy, withdrawals by clients in western Europe - where Switzerland is under fire for helping tax chea
February 5, 2013 - UBS overhaul bearing fruit despite hefty quarterly loss
Swiss bank UBS reported faster-than-expected progress in overhauling its investment bank but its flagship wealth management unit performed disappointingly, weig
February 5, 2013 - Foreigners' accounts in U.S. banks eyed in tax crackdown
The Obama administration may soon ask Congress for the power to require more disclosure by U.S. banks of information about foreign clients'
February 1, 2013 - Teig's Analysis of IRS & DOJ Offshore Initiatives for 2013
February 1, 2013 - IRS can seek UBS records for taxpayers hiding income at Wegelin
By covertly transferring money from undeclared Swiss accounts, Wegelin allowed clients to avoid paying income taxes in the United States, the government alleged