Feb 17, 2017 - Swiss banks face withdrawals due to tax clampdown
Wealthy clients in 2016 pulled out almost US$30 billion of untaxed assets from three of the world's biggest private banks, UBS, Credit Suisse and Julius Baer, t
Janaury 26, 2017 - IRS Hunts Debit Cards For Tax Evasion, As Court Approves John Doe Summons
A federal court in Montana has authorized the IRS to serve a John Doe summons on Michael Behr of Bozeman, Montana, seeking information about U.S. taxpayers who
January 26, 2017 - IRS Going After Offshore Debit Cards With John Doe Summons
a federal court in Montana gave the IRS permission to serve Michael Behr of Bozeman, Montana, a John Doe summons to get information about taxpayers in the U.S.
January 24, 2017 - Trump plans to introduce tax reform legislation in first 100 days
Another piece of legislation, the “End the Offshoring Act,” could also entail tax reform. It would establish “tariffs to discourage companies from laying off th
January 23, 2017 - U.S. Treasury nominee Mnuchin hammered over offshore tax havens
U.S. Treasury Secretary nominee Steven Mnuchin said on Thursday he would work to eliminate the need for offshore tax havens, as Democratic senators accused the
January 23, 2017 - Treasury Nominee Mnuchin Supports Strong Dollar, Calling China Manipulator, Raising Debt Ceiling
“The IRS should hire more people,” Mnuchin said. He also vowed to close loopholes surrounding offshore entities, particularly those employed by hedge funds to s
January 23, 2017 - Tax agencies draw up ‘target list’ of offshore enablers
The tax agencies in attendance have reportedly audited more than 1,700 taxpayers, have made more than 2,550 requests for information and have identified a “targ
January 19, 2017 - Southern California Residents Plead Guilty to Hiding Millions of Dollars in Secret Foreign Bank Accounts
“The days of being able to safely hide income and assets offshore and evade U.S. tax have come to an end,” said Principal Deputy Assistant Attorney General Cira
January 18, 2017 - Beware IRS Audits Of Offshore Account Filings
Those taxpayers who have not yet made the OVDP v. Streamlined choice should consider their facts carefully. Most taxpayers who filed a Streamlined disclosure wi
January 10, 2017 - Dormant Accounts: How a Theft Changed Swiss Banking
Christoph Meili was doing his shift at Union Bank of Switzerland in the night to January 9, 1997, when he spotted documents ready for destruction. He (falsely)
January 5, 2017 - Trump’s Triumph Spells Better Times for Swiss Wealth Managers
Since the financial crisis, companies such as UBS Group AG and Julius Baer Group Ltd. have seen margins shrink amid record-low interest rates and a crackdown by
January 2, 2017 - U.S. Ends 4-Year Swiss Hunt With Paltry Reward
Late on Wednesday, U.S. prosecutors said they had won a total of $1.36 billion in penalties from the four-year effort after concluding agreements with 80 Swiss
January 2, 2017 - DOJ announces deal with Swiss banks on anti-tax evasion program
Caroline Ciraolo, principal deputy assistant attorney general, in a news release. “We are now in the legacy phase of the program, in which the participating ban
January 2, 2017 - Swiss Banking's Year in Review
Written off by many bankers as an annus horribilis, 2016 was a year of considerable downs but also a few ups. Here are defining moments from this year in Swiss
January 2, 2017 = Secrecy: Switzerland Demands U.S. Follow Suit
Switzerland is negotiating with the U.S. over a mutual exchange of tax data on bank clients, Swiss finance department official Fabrice Filliez says in an interv