December 9, 2010 - Prepared Remarks of IRS Commissioner Doug Shulman
we are seriously considering another special offshore Voluntary Disclosure program
December 9, 2010 - Shulman Says IRS ‘Seriously Considering’ New Amnesty
Shulman said a new amnesty program would not be as enticing financially.
December 3, 2010 - International Tax Cases Continue to Top IRS CI Priority
The Service is going to "choose were we can get the bank for the buck and where we can make an impact on compliance.... International tax fraud is a big priorit
November 23, 2010 - Swiss bank, Canada, lock horns on tax case
Swiss banking giant Credit Suisse is resisting a court order to turn names and account information over to Canadian authorities.
November 23, 2010 - Credit Suisse seeks to block tax evasion probe
Credit Suisse Bank has filed a legal proceeding in a Toronto court hoping to block the Canada Revenue Agency from examining 500 boxes of banking records as part of a probe into offshore tax evasion, a CBC News/Globe and Mail investigation has learned.
November 22, 2010 - Credit Suisse fights federal court order to release Can
Financial giant Credit Suisse is trying to quash a federal court order that requires the bank to hand over 500 boxes of records to tax collectors
November 19, 2010 - C.Suisse sees tax on secret accounts end-2012
Switzerland has agreed with Germany and the United Kingdom to resolve the problem of untaxed money stashed away by clients in Swiss accounts and introduce a withholding tax on deposits while preserving bank secrecy.
November 16, 2010 - Paul Calello, Ex-CEO of Credit Suisse Investment Bank,
Paul Calello, the chairman of the investment bank at Credit Suisse Group AG who is credited with helping steer the Swiss bank through the global financial crisis, has died, according to a family member and Credit Suisse. He was 49 years old.
November 11, 2010 - Saxton clarifies Swiss transfer
the scheme was devised by an adviser from another firm, who directed Taxpayer X to make a transfer through Credit Suisse. Taxpayer X was never a client of Credit Suisse Canada. The documentation also shows that I co-signed a release of funds for transfer, which is standard banking practice and was one of my duties.
November 10, 2010 - Switzerland Tightens Regulation On Bank Capital Require
The Swiss government is asking banks to set aside more capital as a cushion against losses on their trading books, a move that will affect UBS AG (UBS) and Credit Suisse (CS) more than smaller institutions.
November 8, 2010 - Swiss Banks Buck Secrecy Squeeze With $53 Billion of Inf
Swiss private banks withstood assaults on client secrecy by the U.S., France and Germany to attract more than 50 billion francs ($53 billion) of assets since the end of 2007.
November 8, 2010 - Tories defend Saxton 'smear'
Saxton was recently named in an affidavit filed by a Canada Revenue Agency investigator as authorizing the transfer of US$200,000 to a Swiss bank account for a Victoria couple when he was the Vancouver head of Credit Suisse Canada in 1994.
November 5, 2010 - Tory MP’s former employer targeted by CRA over Swiss tax
While working as a banker more than 15 years ago, Conservative MP Andrew Saxton approved the transfer of hundreds of thousands of dollars to a Swiss bank account that a married couple is alleged to have used to hide income from tax collectors
November 5, 2010 - Offshore banking probe - Video News Report from Canada
Tory MP Andrew Saxton's name appears in a Canada Revenue Agency probe of Canadians using offshore accounts to evade taxes, the CBC's Diana Swain reports
October 31, 2010- Top Swiss banker sees tax talks with France, Italy
France and Italy are likely to negotiate tax deals with Switzerland following agreements last week with Britain and Germany that preserve banking secrecy