Banks, Tax Evasion | featured news

Luxembourg agrees to help fight tax cheats

Tax Forms

Luxembourg says it will exchange information with the rest of Europe to help fight tax evasion. The initiative, which is to start in 2015, follows international pressure on Luxembourg to end its policy of banking secrecy that critics say has helped people hide money from tax authorities. Luxembourg, a tiny country of half a million people, boasts a huge financial industry with more than 3 trillion euros ($4 trillion) in assets.

 

Threatened by isolation, Switzerland lifting veil on secret bank accounts

Swiss Banks

For decades, Switzerland was the place where money went to hide. Cash sent to its mountain aeries was protected by some of the strictest secrecy laws in the world.

 

Ex-banker says he's giving Wikileaks files on rich

Ex-banker says he's giving Wikileaks files on rich

A former Swiss banker on Monday supplied documents to WikiLeaks that he alleges detail attempts by wealthy business leaders and lawmakers to evade tax payments.

 

Switzerland's Last Day As A Tax Haven

Switzerland's Last Day As A Tax Haven

OECD confirms the country will go off their grey list following the signing of a 12th agreement on Thursday.

 

U.S., Switzerland Resolve Bank Secrecy Dispute

Negotiators initial settlement that averts legal showdown over U.S. government's landmark challenge to Swiss bank secrecy, lawyer says.

 

Deal Near in Swiss Bank Case

U.S. has been seeking data on depositors suspected of using UBS bank accounts to hide cash from IRS.

 

Swiss Vow to Block UBS From Providing Data to U.S.

The government said it would seize the bank’s client data, which U.S. authorities have demanded to settle a tax case.

 

US: UBS must release names of suspected tax cheats

US: UBS must release names of suspected tax cheats

Swiss bank UBS AG "systematically and deliberately" violated U.S. law by dispatching private bankers to recruit wealthy Americans interested in evading taxes and must be forced to reveal the identities of 52,000 of those clients, the Justice Department said in a court filing Tuesday.

 

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