Credit Suisse was ordered today to pay up for its role in helping U.S. taxpayers evade taxes. The banking giant must pay $1.8 billion to the U.S. by next week. What else does the sentencing mean?
Read MoreTag: Switzerland
After Official Rejection, Holes In Swiss Policy Leave Banking Industry Uncertain
A year ago, the biggest story in banking was that the U.S. and Switzerland had reached an accord that would all but end the secrecy
Read MoreIRS Part Of Biggest Story In Banking
Sometimes, what seems like a little story is actually quite extraordinary. That’s what happened earlier this month, when what seemed like business as usual thousands
Read MoreWho Should The Rich Fear More Than IRS? WikiLeaks.
Many wealthy taxpayers might have dodged a bullet following the IRS settlement agreements with UBS and Deutsche Bank… but they might be getting their day
Read MoreGulf Spill Yields Tax Talk About Multinationals
In the middle of all the “tax loopholes closing” that’s been going on in Congress, a big, fat one may have remained open. Sen. Max
Read MoreParliament Still Finding Holes In Swiss/US Accord
A special panel of the Swiss Parliament has concluded its 15 month investigation into the government’s handling of what has been referred to as a
Read MoreUBS Set To Turn Over First Set Of Names
About 500 families may have a little bit less to be thankful for this morning: Swiss tax authorities have announced that they have notified the
Read MoreSo Tell Me, Taxpayer, Do You Feel Lucky?
It was a question posed to US taxpayers by the IRS in the wake of the UBS scandal: do you feel lucky? The US offered
Read MoreSingapore, Liechtenstein No Longer Gray
Who says that a little pressure doesn’t work these day? Singapore and Liechtenstein have both apparently decided that they wanted to be one of the
Read MoreTax Havens Suddenly Not All The Rage
Suddenly, it’s not so fashionable to have your money in Swiss banks. That’s sooo February 2009. This season, all of the trendy tax evaders are
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