December 9, 2011 - Obama pick for tax post faces new roadblock
President Barack Obama's choice to run criminal tax prosecutions will not get a quick confirmation vote due to an unrelated dispute involving the Justice Depart
December 8, 2011 - Information for U.S. Citizens or Dual Citizens Residing Outside the U.S.
taxpayers who owe no U.S. tax (e.g., due to the application of the foreign earned income exclusion or foreign tax credits) will owe no failure to file or failur
2011.12.8 - Taxpayers with overseas accounts seethe at penalties
The Internal Revenue Service's crackdown on overseas tax cheats is having an unintended consequence on American expats. It's prompting many of them to pay penal
December 8, 2011 - Ottawa awaits U.S. accommodation on tax law
U.S. Treasury officials are working on a proposal that would make it less onerous for Canadian banks to comply with a new U.S. tax law, Canada's Finance Ministe
December 8, 2011 - Ex-UBS Client Indicted for Hiding Accounts
A former UBS AG (UBSN) client, Amir Zavieh, was indicted by a federal grand jury on a charge that he defrauded the U.S. by hiding assets from the U.S. Internal
December 7, 2011 - Canada Fin Min: US Working On "More Reasonable" Plan For Tax Law
Canadian Finance Minister Jim Flaherty said Wednesday U.S. officials are trying to work out a "more reasonable" way for Canadian banks to comply with a new U.S.
December 7, 2011 - U.S. indicts client of UBS, cantonal bank in tax case
U.S. authorities have indicted another U.S. client of Swiss banking giant UBS AG in a case that sheds new light on the role of a major Swiss cantonal bank in en
December 7, 2011 - Euro break up may lead to civil war, says UBS
It says, “If most observers agree that a Eurozone break-up significantly increases the risk of widespread economic and financial mayhem... Reasonable people don
December 7, 2011 - IRS Relief To Canadian Dual Citizens
Many U.S. taxpayers find the IRS focus on reporting worldwide income and FBARs rigid. U.S. expatriates worldwide may be miffed.
December 5, 2011 - Swiss banks set for greater consolidation
With two big deals in less than a month, the long-forecast consolidation of Swiss private banking looks as though it has finally arrived.
December 2, 2011 - IRS backing away from its assault on non-resident American citizens
“What the IRS is saying here is that if … you don’t owe taxes to the U.S., and you file your return and they show you don’t owe taxes, there aren’t going to be
December 2, 2011 - U.S. taxman to go easy on American residents in Canada
The U.S. Internal Revenue Service is poised to waive potentially massive penalties for Americans who agree to come clean and don’t owe any taxes, The Globe and
December 2, 2011 - New UBS chief makes first big leadership call
Two weeks after being appointed CEO in the wake of a trading scandal at UBS AG, Sergio Ermotti shook up the executive team by ousting the bank's chief risk offi
December 1, 2011 - Big Outflows Of Bank Money From Switzerland As Tax Disclosure Bites - Consultancy
Tax disclosure details between Switzerland, Germany and the UK could mean up to SFr47 billion (around $51.5 billion) could leave accounts in the Alpine state, s
November 30, 2011 - Swiss banks under pressure to merge as rules stiffen
Even as the implementation of recently reached tax treaties with the UK and Germany remains in doubt, one thing is clear, that pressure on Switzerland's private