January 2, 2017 - Swiss banking secrecy nears end following new tax rules
According to the Swiss State Secretariat for International Financial Matters, Switzerland will now start collecting data on 1 January 2017 and exchange it for t
December 21, 2016 - Credit Suisse resists US demand
The US Department of Justice has asked Credit Suisse to pay between US$5bil and US$7bil to settle a probe over its sale of toxic mortgage securities in the run-
December 2, 2016 - Surprise! Switzerland STILL world’s richest country
The Global Wealth Report 2016, published on Tuesday by the Swiss bank’s Research Institute, said Switzerland had an average wealth per person of $561,900 in 201
December 2, 2016 - Two Swiss bankers plead not guilty to U.S. offshore tax scheme
Stephan Fellmann, 52, and Christof Reist, 58, who live in Switzerland, entered their pleas in federal court in Manhattan after agreeing to face charges containe
December 2, 2016 - ZKB to Shutter Branches in Zurich Region
The bank, which mainly operates in the financial powerhouse of Switzerland, the region around the cities of Zurich and Winterthur, will shutter eight branches a
December 2, 2016 - Credit Suisse Said to Freeze Accounts in Search for U.S. Assets
The unusual move to freeze accounts came in the past week as the U.S. stepped up a Justice Department investigation into why Credit Suisse neglected to tell the
December 2, 2016 - Asia's wealth industry booting out clients in costly clean-up
Next year a global tax transparency campaign starts to bite: Singapore, Switzerland and Hong Kong will be among 101 jurisdictions to begin collecting tax inform
December 2, 2016 - Coutts managed tax haven firms for controversial clients
Coutts, the taxpayer-owned bank, provided offshore services to controversial clients including a member of the Brunei royal family accused of stealing billions
December 1, 2016 - Court Authorizes Service of John Doe Summons Seeking the Identities of U.S. Taxpayers Who Have Used Virtua
A federal court in the Northern District of California entered an order today authorizing the Internal Revenue Service (IRS) to serve a John Doe summons on Coin
November 21, 2016 - Switzerland, Argentina sign key white-wash deal
UBS Ag and Credit Suisse, the largest private banks in the country, under pressure from the Swiss government, have already informed account holders that they wi
November 18, 2016 - The IRS is Targeting Bitcoin Transaction Records of Coinbase Users
As a result, Coinbase will be served an IRS summons to facilitate the federal agency’s investigation into possible tax evasion by users of virtual currencies at
November 17, 2016 - Swiss banks seek heirs to millions in 'dormant' cash
Swiss banks said Wednesday that another 300 names had been added to a list seeking heirs to accounts holding tens of millions of Swiss francs dormant for at lea
November 17, 2016 - Stiglitz on fighting tax evasion: "Europe alone can have a very significant impact"
Appearing before Parliament’s Panama papers committee Stiglitz reminded MEPs that the law firm from where the leaks came - Mossack Fonseca - was only one of the
November 16, 2016 - Stiglitz and Pieth Panama Papers report: a roadmap for global transparency in the 21st century
Stiglitz and Pieth write that transparency is a “global good” while “secrecy imposes harm on the entire global community.” Therefore, “If a country itself will
November 16, 2016 - IRS Voluntary Compliance Programs Are Successfully Collecting Money
Near the end of October, the Internal Revenue Service (IRS) announced it had collected more than $10 billion from 100,000 taxpayers. The money had rolled in tha