June 26, 2014 - WSJ: How to Deal With the IRS' Crackdown on Foreign Income
The Foreign Account Tax Compliance Act (FATCA), which the government is using to chase down taxes from people with investment overseas or living overseas, goes
June 25, 2014 - Swiss send France information on bank account of soccer's Vieira
The request regarding Vieira - first conveyed on Dec. 23 - related to an account at Swiss bank UBS, Switzerland's AFC federal tax administration said in a state
June 24, 2014 - RBS’s Coutts Denies Bin Laden Link as Tax Files Seized
Royal Bank of Scotland Group Plc’s Coutts & Co. unit denied any involvement in the financial affairs of Osama Bin Laden and his family as German officials seize
June 24, 2014 - IRS Names Offshore Accounts With Higher Penalties---Unless You Beat August 4, 2014 Deadline
According to the IRS, the 50% penalty applies to all taxpayers with accounts at financial institutions or with facilitators which are named, are cooperating or
June 20, 2014 - Geneva's Banks Push Clients to Come Clean
Geneva has provided wealthy French families a convenient and safe place to stash their money. Switzerland’s political neutrality, stability, and tradition of ba
June 20, 2014 - Belgian Police Question UBS Executive in Tax Evasion Probe
"UBS helped rich people from Belgium get their money into Swiss accounts," prosecutor's office spokeswoman Ine Van Wymersch said. "And they actively recruited B
June 19, 2014 - IRS Increases Offshore 'Amnesty' Penalty From 27.5% To 50%, Makes Other Changes
The changes make important modifications to the OVDP. The changes include:
June 18, 2014 - IRS announces TOUGHER Voluntary Disclosure Program Effective July 1, 2014
If you have an undeclared offshore account, you should seriously consider filing voluntary disclosure before July 1, 2014.
June 13, 2014 - UBS Taps BAML Executive as Vice Chairman of Americas I-Banking
UBS AG has hired Bank of America Merrill Lynch’s vice chairman of global investment banking and former retail head as vice chairman of its Americas investment b
June 12, 2014 - Geneva’s French Ties Fray as Banks Tell Clients to Come Clean Print this story Recommend (you need to be l
Now those longstanding ties are unraveling as France toughens tax laws and Paris prosecutors investigate Switzerland’s largest lender UBS AG and London-based HS
June 10, 2014 - Swiss private banks give up secrecy tradition amid tax crackdown
In this climate, there was no point for the tradition-laden private banking sector to "hang on to an idealised but now re-evaluated past", said Christophe Gloor
June 10, 2014 - DoJ extends Swiss banks’ time to show clients were clean
The Department of Justice has given as many as 106 banks until July 31 to demonstrate that an account was not undeclared or that an undeclared account was discl
June 3, 2014 - RPT-Swiss banks risk bigger than expected fines in U.S tax case
"Credit Suisse's lack of effective cooperation was an important additional factor in determining the resolution of the case," U.S. Deputy Attorney General James
June 4, 2014 - IRS Announcing New Voluntary Disclosure Program for Americans Residing Overseas
June 4, 2014 - Prepared Remarks from IRS Commissioner Regarding Modifications to Voluntary Disclosure Programs
We are close to completing our deliberations on these respects and expect that we will soon put forward modifications to the programs currently in place . Our g