January 22, 2011 - Ex-lawyer gets 45-day prison term in UBS tax case
The former lawyer, Kenneth Heller, banked the money with UBS and then moved it to a smaller private Swiss bank, Wegelin & Co, in June 2008 after reading that UB
January 20, 2012 - Swiss Banks 'Entering a New World'
Michel Y. Dérobert of the Swiss Private Bankers Association discusses capital regulations, sovereign debt risk and Americans' perception that Swiss banks abet t
January 20, 2012 - Swiss gov’t proposes first serious change to banking secrecy
Swiss banking secrecy could be in for its first serious change, in addition to the pending double taxation treaty with the US.
January 19, 2012 - IRS: Disclose those foreign assets
The Foreign Account Tax Compliance Act (FATCA) requires U.S. taxpayers with money outside this country to report those assets to the IRS and pay taxes on the ea
January 18, 2012 - Growth In Swiss Economic Expectations Sharpest Since April
Switzerland's economic expectations logged its strongest rise since April 2011, a monthly survey from by the Centre for European Economic Research (ZEW) in coop
January 18, 2012 - IRS Releases New Tax Gap Estimates
The Internal Revenue Service today released a new set of tax gap estimates for tax year 2006. The tax gap is defined as the amount of tax liability faced by tax
January 18, 2012 - If people paid the taxes they owed, deficit crisis would vanish
In tax year 2006 (it takes a while for the IRS to comb through the statistics, so the job is done only every five years) Americans owed $450 billion more in inc
January 18, 2012 - Foreigners Snap Up Swiss Property .
With average house prices nearing 800,000 francs, the Swiss residential real-estate market continues to boom. Market participants say there is no end in sight a
January 13, 2012 - Swiss Threatened by ‘Intolerable’ Legal Action, Bankers Say
“There is very significant pressure from the U.S. on a certain number of institutions to clean up the situation and make sure they don’t shelter any U.S. undecl
January 16, 2012 - Swiss banks back Romney and Obama
UBS and Credit Suisse are, as in the past, playing an important role in the financing of United States presidential campaigns, research has revealed.
January 16, 2012 - Cancer Researcher Sentenced to 1 Day in Jail for Tax Crime
He was forced to leave (CANCER RESEARCH JOB) because of the criminal conviction, he said.
January 12, 2012 - IRS watchdog accuses agency of "bait-and-switch"
"The IRS's offshore voluntary disclosure program bait and switch may undermine trust for the IRS and future compliance programs," Nina Olson, the national taxpa
Janauary 10, 2012 - Swiss bank unfazed in face of any US legal action
In a statement emailed to Reuters, Wegelin said it did not fear the possibility of any such charges - sometimes a corporate death-knell, at least for American c
January 10, 2012 - IRS Gives Another Chance to U.S. Citizens With Undeclared Assets
“We’re gaining momentum in our international efforts and the word is spreading across the globe,” IRS Commissioner Doug Shulman told reporters on a conference c
January 10, 2012 - IRS reviving program seeking offshore tax cheats
If we catch people before they come in voluntarily, it's going to be a much worse outcome for the taxpayer," Shulman told reporters.