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
January 22, 2014 - Deutsche Bank 'helped China’s elite hide assets'
Documents seen by the paper show western banks, including Deutsche Bank, UBS and Credit Suisse, have been co-operating with Chinese clients to create and mainta
January 22, 2014 - China is biggest exporter of illicit capital, says watchdog group
We are not surprised by the findings of the ICIJ investigation. Indeed, GFI estimates that more than US$1 trillion flowed illicitly out of China between 2002 an
January 22, 2014 - U.S. Gears Up for Trial of Former UBS Executive Weil
The U.S. government has compiled millions of pages of evidence it may use in its case against Raoul Weil, a former UBS AGUBSN.VX -0.11% executive who is schedul
January 22, 2014 - ICIJ offshore records reveal tax haven clients in China, Hong Kong
Nearly 22,000 offshore clients with addresses in mainland China and Hong Kong appear in the files obtained by the International Consortium of Investigative Jour
January 21, 2014 - Swiss Home Prices Are Approaching Level of 1989 Bubble
Prices in Switzerland’s booming housing market are approaching a level last reached in 1989, shortly before a slump in values that hurt the economy for years, U
January 20, 2014 - Bank groups’ legal challenge dismissed
The United States Department of Justice (DOJ) says the District Court in the District of Columbia has dismissed a challenge filed by two banking associations ch
January 16, 2014 - Even U.S. Banks Must Aid IRS Hunt For Offshore Accounts
The Florida and Texas Bankers Associations filed a court challenge to IRS and Treasury Department rules that force U.S. banks to report on foreign account holde
January 15, 2014 - Israeli bank data disc aids German investigation
German clients of a Swiss branch of the Israeli Bank Leumi are under scrutiny from German tax authorities, after the purchase of a new CD containing private acc
January 15, 2014 - H. Ty Warner Sentenced to Probation After Paying $80 Million in Taxes and Penalties for Tax Evasion on Fun
H. Ty Warner Sentenced to Probation After Paying $80 Million in Taxes and Penalties for Tax Evasion on Funds Hidden in Secret Swiss Bank Accounts
January 15, 2014 - Switzerland probing banker who is helping U.S. tax investigations
The country, which bars citizens from dishing banking secrets to foreign governments, is probing former Swiss banker Renzo Gadola for spilling the beans on weal
January 14, 2014 - London Wealthy Courted by UBS as Swiss Banks Pursue U.K. Growth
Swiss banks are competing with British wealth managers such as Barclays Plc, the U.K.’s second-largest lender by assets. The U.K. has about 1.5 million milliona
January 10, 2014 - Taxpayer Advocate Calls for Taxpayer Bill of Rights
“Taxpayer rights are central to voluntary compliance,” said the report. “If taxpayers believe they are treated, or can be treated, in an arbitrary and capriciou
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
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