February 11, 2014 - Ex-UBS Banker Lack to Enter Guilty Plea in U.S. Tax Case (1)
Martin Lack, a Swiss resident and independent investment adviser, is set to plead guilty on Feb. 26 in federal court in Fort Lauderdale, according to the record
February 4, 2014 - IRS Commissioner: No Delay in Filing Deadline for Banks Under FATCA
“We're not going to have a delay of FATCA,” Koskinen said during a Jan. 31 call with reporters to kick off the 2014 filing season.
February 4, 2014 - Swiss Bank Secrecy Succumbs To U.S. Tax Enforcers
The 106 Swiss banks have signed agreements to provide the data on their American customers by a date certain.
February 3, 2014 - FATCA Fuels IRS Amnesty, But Advocate Calls It Harsh
It is now clear that FATCA is a bigger success than anyone could have imagined. The IRS is getting quicker, better and more complete information than it did in
January 28, 2014 - UBS CEO: Bashing Banks Unhelpful to Financial System
"Life is hard enough, and I think this constant lecturing on ethics and on integrity by many stakeholders is probably the most frustrating part of the equation.
January 27, 2014 - As 'African' Chinese park money in Hong Kong, Beijing targets 'naked' officials
Step by step, Chinese authorities are making life tougher for officials looking to spirit assets and family members out of the country to avoid close scrutiny a
January 27, 2014 - Exposé of Offshore Accounts Puts Spotlight on China’s Wealthy
This, according to a new investigative report, is China’s “lifestyle of the rich and famous.” And, it appears to reach right to the top of Beijing’s leadership.
January 27, 2014 - Swiss cabinet blocked Branson from heading finance regulator - paper
Mark Branson is leading the regulatory body, known as FINMA, in an interim capacity after its chief executive Patrick Raaflaub announced his departure earlier t
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 ta
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 investigati
January 24, 2014 -- The Latest Scoop on the Secret Wealth of China's Most Powerful People
PricewaterhouseCoopers, UBS and other Western banks and accounting firms play a key role as middlemen in helping Chinese clients set up trusts and companies in
January 23, 2014 - China ‘leading source of new offshore clients’‚ journo investigation reveals
Relatives of China’s top political leaders‚ past and present‚ are among nearly 22‚000 people in China and Hong Kong whose offshore holdings have been revealed i
Janaury 23, 2014 - Credit Suisse Settlement with U.S. Could Top $800 Million
If the deal goes through, it would represent the biggest fine in the U.S. government's crackdown on offshore tax evasion in Switzerland.
January 23, 2014 - Secret's out on the Swiss bank account
The secret Swiss bank account, for years the basis of plots involving characters who either don't like to pay taxes or who are bent on a life of fiscally effici
January 22, 2014 - Swiss banks devise new 'cash' strategies for clients
As Swiss banks lose their secrecy tag, some bankers here are coming up with innovative ideas to lure rich clients from India and other countries by providing se