January 31, 2013 - U.S. Is Preparing More Tax-Evasion Cases
more than 38,000 holders of undeclared accounts have stepped forward and paid more than $5.5 billion in back taxes, interest and penalties, according to an IRS
January 31, 2013 - UBS Client Berg Admits to Failing to Report Swiss Account
“Those who hide their assets and income in offshore accounts should realize that there is no safe haven from the IRS,” Richard Weber, chief of the IRS criminal
January 30, 2013 - UBS Ordered to Provide IRS with Info on Other Swiss Banks
The judge’s order would enable U.S. authorities to determine the identity of the U.S. taxpayers who hold or held interests in financial accounts at Wegelin and
January 29, 2013 - UBS Told by U.S. Judge to Give IRS Data on Wegelin
U.S. District Judge William H. Pauley III signed an order in Manhattan federal court that authorized the IRS to serve a summons on UBS, the largest Swiss bank.
January 29, 2013 - UBS ordered to release Swiss bank records to IRS
Authorities say a New York federal judge has authorized the Internal Revenue Service to require UBS (UBS) to produce records about U.S. taxpayers who may hold b
January 28, 2013 - Switzerland awash with money laundering cases
In December 2012 the cabinet announced its intention to tighten up the regulations by setting a threshold above which cash transactions for property will no lon
January 22, 2013 - UBS amends client policy in move to eliminate untaxed assets
Switzerland’s biggest bank, UBS, says from now on part of its terms and conditions requires that Swiss residents holding an account with them must fulfill their
January 22, 2013 - Swiss Banks Vie for Declared American Assets Amid Probe
Swiss wealth managers are resuming the fight for American clients four years after the U.S. sued UBS AG (UBSN) in a case that undermined banking secrecy and tri
January 21, 2013 - New Fatca Regulations
Regulations Relating to Information Reporting by Foreign Financial Institutions
and Withholding on Certain Payments to Foreign Financial Institutions and Other
January 21, 2013 - Treasury Releases Final FATCA Regulations to Fight Offshore Tax Evasion
"These regulations give the Administration a powerful set of tools to combat offshore tax evasion effectively and efficiently," said Treasury Deputy Secretary N
January 10, 2013 - Taxpayer Advocate Report - IRS Discourages Compliance
The IRS’s Offshore Voluntary Disclosure Programs Discourage
Voluntary Compliance by Those Who Inadvertently Failed to
Report Foreign Accounts
January 9, 2013 - Havens Are Turning Hellish For Tax Avoiders
The number of places where people can hide is getting much smaller," says Brown, who was the Treasury Department's deputy international tax counsel between 1999
January 9, 2013 - Timeline: Swiss bank UBS's troubled history
UBS's Andrea Orcel, investment bank chief executive since November, said on Wednesday that the Swiss bank is determined to repair the damage from a string of sc
January 9, 2013 - Former UBS client In Florida pleads guilty to tax evasion
A 79-year-old Florida woman pleaded guilty on Tuesday to criminal charges of tax evasion through accounts at Swiss bank UBS AG, one of the largest such prosecut
January 9, 2013 - UBS Client Pleads Guilty in U.S. Tax Case in Florida
A former UBS AG (UBSN) client pleaded guilty to using Swiss bank accounts to hide more than $43 million from the Internal Revenue Service in the largest individ