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?
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IRS Commissioner Says Public Goodbye After Election 2012
Yesterday was a pretty busy day in the media. There was a lot of thought and commentary about the election and what it meant for
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 MoreFirst UBS, Now HSBC?
You knew that it would be just a matter of time before the IRS set its sights on a new bank. Fresh off of victories
Read MoreIRS Gives UBS A Pass
So maybe it is a kindler, gentler IRS after all… The IRS has announced that it will drop its civil suit against the Swiss-based UBS,
Read MoreI Told You So.
So, I don’t say that on the blog very often (though my brothers would likely tell a different story from our years at home). But
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 Informant Must Report To Prison On Time
A federal judge has declined Bradley Birkenfeld’s request for leniency. Birkenfeld must report to prison on Friday, January 8, as scheduled, to serve his 40-month
Read MoreUBS Whistleblower Wants Shorter Sentence
What would it take for you to turn in your clients? Would 30% of the take do it? What if it meant jail time? These
Read MoreShulman Talks International Tax At GWU
Today, the IRS published the “Prepared Remarks of Commissioner Douglas Shulman before the 22nd Annual George Washington University International Tax Conference.” You can read the
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