December 21, 2011 - Forget Swiss bank accounts... The government is now targeting Americans in the U.S.
A federal district court judge has given the Internal Revenue Service (IRS) permission to serve a "John Doe" summons on the California State Board of Equalizati
December 20, 2011 - Swiss court says denied Credit Suisse client request
The ruling, made public on Tuesday, does not name the Swiss bank, the client, or even the client's legal representation, but a court spokeswoman told Reuters th
December 20, 2011 - IRS Releases Guidance on Foreign Financial Asset Reporting
The Internal Revenue Service in coming days will release a new information reporting form that taxpayers will use starting this coming tax filing season to repo
December 20, 2011 - Swiss court backs tax office on client data handover
A Swiss court denied a request by a U.S. client of an unidentified Swiss bank to stop Swiss tax officials from handing over confidential client data to the U.S.
December 20, 2011 - Basler KB pledges Swiss focus after U.S. woes
Basler Kantonalbank will renew its focus on domestic clients after an ill-fated foray into business with wealthy U.S. citizens, the bank said on Monday.
December 19, 2011 - US offers Switzerland tax row deal: report
However, according to the newspaper, which cited an unnamed source, the names of American clients would remain anonymous.
December 19, 2011 - Credit Suisse Races UBS Building Buffers in Fortress Switzerland
UBS AG and Credit Suisse Group AG, Switzerland’s largest banks, are finding that the advantages of Europe’s toughest capital requirements are helping offset the
December 19, 2011 - Why the IRS crackdown puts Canadian banks in a tight spot
The IRS is facing a barrage of criticism from financial institutions in Canada and Europe.
December 18, 2011 - U.S. offers 11 Swiss banks deal to end tax row-paper
U.S. officials are offering 11 Swiss banks, among them Credit Suisse (NYSEArca: CSMA - news) , a deal that allows them to avoid criminal prosecution in exchange
December 15, 2011 - IRS to Issue New Foreign Asset Report Form
The new form, Form 8938 (Statement of Specified Foreign Financial Assets), will need to be filed by taxpayers with specific types and amounts of foreign financi
December 15, 2011 - Ex-Credit Suisse worker sentenced
The accomplice, who Swiss authorities believe developed the scheme to sell the data to Germany, was found dead in his Swiss prison cell just over a year ago in
December 14, 2011 - Key US tax legislation is probed
The US Foreign Account Tax Compliance Act (FATCA) will affect almost all financial institutions and other entities in Bahrain with exposure to US taxpayers and
December 13, 2011 - Swiss upper house backs move to end U.S. tax row
Parliament's upper house backed a proposal aimed at sealing any potential legal loopholes and avoiding a lengthy court fight by bank clients seeking to protect
December 12, 2011 - What's Next for Offshore Accounts?
Here's an irony: Even as the U.S. government is cracking down on illegal foreign accounts, other new laws and proposals could present big incentives for the wea
December 12, 2011 - Swiss and U.S. inch closer to tax-row deal: reports
Swiss and U.S. officials have met in recent days in Berne to try to end a long-running dispute over wealthy Americans using secret Swiss accounts to dodge taxes