January 27, 2014 - U.S. says has 106 Swiss requests to join anti-tax-dodging deal
The U.S. Justice Department has received 106 requests from Swiss entities to participate in a U.S. settlement program aimed at ending a long-running probe of tax-dodging by Americans using Swiss bank accounts, a senior U.S. government official said on Saturday.
January 27, 2014 - Swiss banks closer to deals in tax-evasion probe
More than 100 Swiss banks and other institutions have signaled they will seek non-prosecution agreements and provide information to U.S. authorities investigating suspected off-shore tax evasion by Americans, a top Department of Justice official said Saturday.
January 10, 2014 - Swiss Bank Helped 400 Americans Dodge Taxes On $600 Million
Swiss bank Julius Baer told hundreds of Americans how to evade U.S. taxes on a total $600 million in wealth, according to a court ruling published Wednesday in Switzerland.
January 9, 2014 - Swiss Court Blocks Julius Baer Client Data Transfer to U.S.
The Swiss Federal Tax Administration “unlawfully granted the request for administrative assistance” submitted by the IRS on April 17, concerning the disclosure of bank-account data of clients of Julius Baer, the Federal Administrative Court in St. Gallen said today in an e-mailed statement. The court referred to decision made on Jan. 6.
December 30, 2013 - Swiss Banks Pressure U.S. Clients
Swiss banks are pressuring current and former U.S. account holders to disclose undeclared assets to the Internal Revenue Service, experts say.
December 24, 2013 - TLPA Consulting On Swiss Bank Disclosure Program
Teig Lawrence is available to consult with Swiss Banks of all sizes with respect to satisfying the compliance requirements of this Swiss Bank Voluntary Disclosure Program.
We have diligently tracked the news related to U.S. enforcement efforts against Swiss banks since 2008. Our firm has a comprehensive understanding of the issues, politics, and, the various IRS disclosure programs offered to individual taxpayers.
There is no substitute for experience when dealing with the IRS. Call Teig at 305-576-4242 for more information.
December 11, 2013 - Two more Swiss banks join U.S. tax deal
Bank Coop and Migros Bank said on Tuesday they would participate in the U.S. scheme.
They join Valiant Holding and Berner Kantonalbank, two mainly retail banks, and Zurich-based private bank and securities firm Vontobel Holding AG
December 9, 2013 - Swiss bank Valiant is first to bow to U.S. tax probe
The Swiss regional bank said it would participate in the scheme brokered by the Swiss government and Washington because it could not say definitively that all its U.S. clients paid their taxes.
December 9, 2013 - Switzerland Urges Banks to Meet U.S. Disclosure Deadline
“The government is convinced the U.S. program allows the banks to settle the past,” she said today in Parliament in the Swiss capital Bern.
December 9, 2013 -- Swiss authorities press banks to meet US disclosure dea
The Swiss financial watchdog Finma requested banks to decide by today whether they will join the first stage of the US Department of Justice programme by applying for non-prosecution agreements by the end of 2013.
December 9, 2013 - Swiss authorities press banks to meet US disclosure dead
The Swiss financial watchdog Finma requested banks to decide by today whether they will join the first stage of the US Department of Justice programme by applying for non-prosecution agreements by the end of 2013.
December 6, 2013 - Swiss banks prepare to bow to U.S. demands, grudgingly A
“It’s really an elaborate game theory going on right now,” said one U.S. lawyer working for Swiss banks.
December 2, 2013 - Swiss Authorize Group of Banks to Cooperate With U.S.
“The Federal Council gave various banks authorization to cooperate,” the government in Bern said in a statement on its website today, without disclosing the number or names of lenders. Banks were “encouraged” to give “serious consideration to their participation in the program and to make their decisions in this regard in a timely manner,” it said.
November 19, 2013 - Credit Suisse private bank co-heads confident of growth
Rivals such as UBS , Julius Baer and big U.S. brokerages are pursuing a similar strategy after finding that simply lending can be the starting point of a client relationship.
November 4, 2013 - WSJ: More U.S. Taxpayers Admit to Secret Swiss Accounts
[T]he cause of the rush is pressure from Swiss banks themselves. The banks are warning current and former U.S. clients that their names and account information soon could be disclosed, and that such disclosure will disallow the taxpayer's entry into the IRS's limited-amnesty program for undeclared offshore accounts. ...