May 31, 2012 - Ex-UBS Client Roessel Pleads Guilty in Offshore Tax Case
He is helping prosecutors in a crackdown on offshore tax evasion. U.S. prosecutors have charged almost 50 U.S. taxpayers with tax crimes since 2009,
May 31, 2012 - South Florida Retired Businessman Pleads Guilty to Failing to Disclose Assets Held in Swiss Banks
a U.S. citizen, maintained bank accounts at UBS AG in Switzerland, which he failed to report on his 2002 through 2007 personal income tax returns.
May 30, 2012 - How to Manage Regulatory Overload
Basel II and III, Dodd-Frank, 173 pages of enhanced prudential standards from the Fed, the Foreign Account Tax Compliance Act (FATCA), and the list goes on.
May 30, 2012 - Mystery deepens over Swiss bank's $2.5-bn transaction
Mr X, as the person has been referred to by the UK's Upper Tribunal, denied he owned an account with the UK-based UBS Wealth Management, called Customer A accou
May 29, 2012 - Tax could cost UBS up to 10 percent of Europe assets
"And we expect further asset outflows going forward, in the region of 12 to 30 billion francs. That's a bitter pill to swallow. We are able offset this erosion
May 24, 2012 - Wegelin Bank Fails to Appear for Arraignment in U.S. Court Case
Assistant U.S. Attorney Daniel Levy said that while the government has “considered” asking for a bench warrant, it has decided “at this point” not to ask for on
May 24, 2012 - Bank Wegelin shirks second court hearing
Rakoff warned the prosecutors that if the government does not “undertake reasonable efforts” to catch fugitives, indictments against them can eventually be dism
May 24, 2012 - U.S. Drops Case of Man Accused of Helping Mom Hide Money
Federal prosecutors in New York dropped an indictment of a San Francisco man charged with helping his mother hide $11.3 million at Swiss bank UBS AG (UBSN)
May 24, 2012 - IRS Announces 43 Small Offices to Close
The Internal Revenue Service today announced a sweeping office space and rent reduction initiative that over the next 2 years will close 43 smaller offices and
May 23, 2012 - Case Against Chairman of Banco Santander Is Dropped
The national tax agency’s inquiry was based on a list of undeclared Swiss bank accounts sent to the Spanish authorities by their French counterparts. The list w
May 22, 2012 - Supreme Court to consider case on secret international wiretapping
U.S. Solicitor General Donald Verrilli appealed on behalf of Director of National Intelligence James Clapper and urged the high court to throw out the suit as a
May 22, 2012 - Supreme Court to hear electronic eavesdropping case
the plaintiffs in the suit have said they consider the wiretapping to be a form of "dragnet" surveillance which would would likely sweep up private calls and em
May 22, 2012 - U.S. bank clients casualties in an 'economic war'?
When the CEO of Switzerland’s biggest bank calls tax disputes with the United States and other nations “an economic war” people take notice. UBS CEO Sergio Ermo
May 21, 2012 - Snowbirds, Americans living in Canada read on...
This column is of special interest to snowbirds, but also to Americans who have moved to Canada. There is a positive change to Canada Revenue policy on transfer
May 21, 2012 - Should You Renounce Your U.S. Citizenship?
One reason why more Americans are expatriating is the increasingly tough tax-enforcement climate in the U.S.