March 5, 2010 - Madoff ruling may save banks from mass claims
A court ruling on Thursday is likely to mean UBS avoids direct compensation claims from investors who lost money to fraudster Bernard Madoff...
March 4, 2010 - Court Rules Against UBS Investors in Madoff Case
A Luxembourg court ruled on Thursday that investors who lost money to Bernard L. Madoff through a fund set up by UBS cannot seek compensation directly from the
March 4, 2010 - UBS, Galleon, Deutsche Bank, Cazenove in Court News (Update1)
UBS AG and Ernst & Young LLP won a Luxembourg court ruling potentially nullifying hundreds of claims by investors who lost money in funds tied to Bernard Madoff
March 3, 2010 - IRS to take "macro" approach on foreign bank law
"I don't know how many millions it would be -- but can you imagine trying to go account by account?" Steven Musher, associate chief counsel for international af
March 1, 2010 - UPDATE 1-UBS handed bill for govt costs in U.S. tax case
UBS could be facing a total bill running to nearly 40 million Swiss francs ($36.97 million) after the Swiss governement said on Tuesday it would pass on to the
February 28, 2010 - Were Swiss outmanoeuvred in tax evasion scrum?
Switzerland should be doing more to fight its corner in the battle for a piece of the shifting but highly lucrative tax evasion market, an expert tells swissinf
UBS Clients Win Ruling Over U.S. Tax Data Transfers (Update1)
“No grounds have been asserted or are apparent, as to why the case before us” should “differ from the one decided,” the Federal Administrative Court in Bern sai
Swiss Mulls Law To Disclose Tax Evaders' Account Details To U.S.
Switzerland may enact a special law to enable it to hand over bank account details of alleged American tax-evaders to the U.S. authorities.
February 26, 2010 - U.S. looking at 7,000 accounts at foreign banks
"We are now getting documents from foreign banks that have never been produced before," Kevin Downing, the Justice Department lawyer, told a white collar crime
February 25, 2010 - Bern to propose UBS tax settlement
The Swiss government on Wednesday confirmed that it will put a landmark settlement involving UBS and suspected US tax evasion before parliament in a bid to reso
February 25, 2010 - Switzerland Rejects Automatic Tax-Data Exchange
"The Federal Council continues to reject the automatic exchange of information in terms of laying bare every detail of citizens' lives," the government said in
February 24, 2010 - Swiss say will no longer accept untaxed money
"We are not interested in untaxed money," finance minister Hans-Rudolf Merz told reporters.
February 24, 2010 - Swiss to Submit Revised UBS Tax Deal to Parliament
“In any future appeals, the court will then no longer be able to regard the UBS agreement as merely a mutual agreement,” the ministry said. “Instead, it will st
February 24, 2010 - Swiss Govt Plans Special Session Devoted To Finance Industry
...special session is likely to touch on UBS AG, which remains a hot-button issue between Switzerland and the U.S. after a Swiss court effectively blocked the b
February 24, 2010 - Italy Tax Amnesty Draws EU60 Billion From Switzerland (Correct)
Italians have brought back or declared about 85 billion euros in total, taking advantage of an amnesty that slashed government-imposed charges to as little as 5