January 31, 2012 - Swiss banks hand over encrypted data in US tax row
Switzerland has handed U.S. authorities encrypted data on bank employees who served American clients suspected of dodging taxes, and will only provide the key t
January 31, 2012 - 3 US men accused of evading taxes in Swiss banks
Two Phoenix businessmen and a former attorney in San Diego were charged in a federal indictment with evading US taxes by concealing millions of dollars at UBS A
January 31, 2012 - Three UBS Clients Charged With Hiding Money in Offshore Accounts
Three ex-UBS AG clients, including two who ran venture capital firms, were indicted on charges of hiding millions of dollars in assets from U.S. tax authorities
January 30, 2012 - Wegelin clients pulled $4 bln, prompting sale-paper
"The end of the bank Wegelin is only the prelude to a big attack on the Swiss financial sector," he told Der Sonntag. "A solution to the tax dispute will likely
January 30, 2012 - Swiss finmin: need U.S. tax deal to shield banks
"It is very regrettable," Eveline Widmer-Schlumpf told journalists at the World Economic Forum of the decision by Wegelin to break itself up in the face of poss
January 27, 2012 - Swiss finmin hopes U.S. tax row solved this year
Switzerland has made progress in Davos at solving a dispute with the United States over untaxed money stashed in secret Swiss bank accounts and hopes for a deal
January 27, 2012 - Swiss Bank Wegelin Agrees to Sale Amid U.S. Tax Crackdown
“The immensely difficult and existence-threatening situation into which the legal conflict with the U.S. authorities brought us forces me and my long-term partn
January 27, 2012 - Swiss banking world faced with Wegelin’s extraordinary sale (update
US pressure on the Swiss banking world appears to have claimed one more victim, with the announcement by St Gallen-based Wegelin, generally considered the count
January 27, 2012 - Foreign Account Tax Compliance Act threatens investment in the U.S.
A fiscal tourniquet will put a squeeze on tax evasion – the Foreign Account Tax Compliance Act (FATCA) is threatening to clog the arteries of the world’s financ
January 26, 2012 - Draft Fatca regulations will include reciprocity, experts say
The IRS had intended to issue draft Fatca regulations by December 31, 2011. They are now expected before the end of January, but had not been issued at the time
January 24, 2012 - Former US Lawyer Jailed For Using UBS Account; Report Claims Secret Client List
An 82-year-old former New York lawyer who has been barred from the profession has been jailed for 45 days for using an offshore UBS account, Bloomberg reported.
January 24, 2012 - KPMG warns of compliance cost hit from US tax delay
KPMG has warned the slipping release dates of US tax regulatory papers will mean companies may not be able to plan properly and will rush through changes at an
January 23, 2012 - New Tax Rules Harass Foreign Bankers for Little in Return: View
In an act of hubris that could cost banks around the globe billions of dollars, Congress has directed the IRS to impose new rules requiring foreign financial co
January 23, 2012 - Rubik deals run into trouble
The tax deals which Switzerland reached last year with Britain and Germany could yet fail in the face of opposition in Europe and in the countries concerned.
January 22, 2012 - Ex-lawyer gets 45-day prison term in UBS tax case
An 82-year-old disbarred New York maritime lawyer was sentenced to 45 days in prison on Friday after he admitted to hiding more than $26.4 million at Swiss bank