Switzerland, Tax Haven | featured news

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.

 

I.R.S. Releases Criteria to Get Names in UBS Case

I.R.S. Releases Criteria to Get Names in UBS Case

The Internal Revenue Service on Tuesday disclosed the criteria being used by the Swiss banking giant UBS to select names of American clients that will be turned over to the agency as part of a settlement of a tax evasion case.

 

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.

 

Under Agreement, UBS to Give Up Over 4,000 Names

Under Agreement, UBS to Give Up Over 4,000 Names

U.S. regulators will receive the names as part of an investigation of Americans avoiding taxes through the use of offshore accounts.

 

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.

 

UBS not to pay fine in U.S. tax settlement: reports

Reuters - Switzerland's UBS will not have to pay a fine as part of the settlement of a tax evasion dispute with the United States, two Swiss newspapers reported on Sunday.

 

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.

 

U.S., Swiss ask for delay in UBS secrecy case

The U.S. and Swiss governments and banking giant UBS AG indicated Sunday they were seeking a settlement and asked a federal judge ...

 

Gruebel: UBS cannot comply with U.S. request

UBS AG Chief Executive Oswald Gruebel sent a memorandum to the bank's top executives on Thursday saying the bank could not comply with a U.S. government request to disclose the identity of 52,000 secret account holders, a source familiar with the situation told Reuters.

 

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.

 

Subscribe to this RSS topic: Syndicate content