April 11, 2012 - Court rules in favour of Credit Suisse client
Switzerland’s Federal Administrative Court has ruled in favour of a Credit Suisse client who had complained about his data being sent to the United States tax a
April 11, 2012 - Swiss court blocks release of bank account data to US
In this latest ruling, the court said that the US Internal Revenue Service needed to present clear evidence of fraudulent intent when requesting information on
April 11, 2012 - Swiss court blocks release of bank account data to US
In this latest ruling, the court said that the US Internal Revenue Service needed to present clear evidence of fraudulent intent when requesting information on
April 11, 2012 - UBS fends off lawsuit of billionaire U.S. tax evader
Drawing on the maxim, "two wrongs do not make a right," the judge said that "UBS's admission of guilt does not give Olenicoff the right to sue UBS for fraudulen
April 10, 2012 - UBS Likely to Win Ouster of Billionaire's Suit, Judge Says
U.S. District Judge Andrew Guilford in Santa Ana, California, today issued a "tentative" opinion rejecting Olenicoff's lawsuit against Zurich-based UBS, the lar
April 10, 2012 - Ex-UBS Client Roessel Cooperating in Tax Case, U.S. Says
Former UBS AG (UBSN) client Wolfgang Roessel, accused of failing to report more than $11 million in Swiss accounts to the U.S. Internal Revenue Service, will pl
April 9, 2012 - UBS Faces Billionaire Olenicoff in Tax Lawsuit
“Did UBS set out to make misrepresentations to U.S. taxpayers to attract their investment funds?” said Campagna,
April 9, 2012 - Schäuble warns of German “snootiness”
German Finance Minister Wolfgang Schäuble has told political opponents of a tax deal with Switzerland to avoid becoming snooty.
April 9, 2012 - US investigating Leumi customers for tax evasion
Three US citizens, Iranian-born Jews residing in Los Angeles, opened a bank account and transferred money to Bank Leumi's main branch in Tel Aviv.
April 6, 2012 - Germany tries to convince Swiss banks to play by its rules
“The treaty grants freedom from prosecution for tax inspectors who may have broken Swiss law,” says Thomas Eigenthaler, head of the German Tax Union (DTSG)...
April 6, 2012 - Crackdown on Tax Havens Opens Opportunities for Bankers
Tomi Laamanen, a professor at the University of St. Gallen in Switzerland, said, “Firms need to embrace tax transparency if they want to stay in business.
April 6, 2012 - IRS Commissioner Won’t Stay for Second Term
Internal Revenue Commissioner Doug Shulman said he plans to leave the agency when his five-year term ends in November.
April 6, 2012 - Hiding Money in Havens Isn't as Easy as It Used to Be
It's getting harder for tax evaders to find places to hide money, now that Switzerland's vaunted veil of bank secrecy has been pierced and few alternatives are
April 5, 2012 - Canadian launches court action over 'stolen' offshore data
A wealthy Canadian is in court fighting the Canada Revenue Agency to block its probe into undeclared income in offshore bank accounts.
April 6, 2012 - IRS Analyzes Tax Preparer Data Looking for Fraud
Shulman noted that the IRS is now mining and analyzing that data, and planning to launch its next wave of investigations into banks, intermediaries and taxpayer