Rumors have been swirling for months that a settlement between UBS and the Justice Department would be announced in mid-July. Specifically, The New York Times
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Holes In Swiss Tax Case: Swiss Claim Tax Evasion Not A Crime
As it turns out, the Swiss do have a little fight left in them after all. The Swiss government has now advised that it would
Read MoreAre the Feds Backing Off UBS?
The New York Times says yes. The Justice Department says no. I’m not sure what to believe but it does make you wonder what’s going
Read MoreIRS To Millionaires: Show Me The Money
Those Housewives of New Jersey better brace themselves: the IRS has announced that it’s focusing its audits on wealthy individuals and corporations as part of
Read MoreObama Set To Shake Up Corporate Tax “Loopholes” Today
The Obama administration is planning to announce steps towards his promised “massive overhaul” of international financial regulations this morning. Administration officials do not expect the
Read MoreUBS Accused Of Being A Tattle-Tale
Alp? Check. Chocolate? Check. Banking secrecy? Not so much. The culture of Switzerland may be changing. At the forefront of the change may be its
Read MoreUBS Agrees To Pay Up, Name Names
Disgraced international bank UBS has agreed to pay a $780 million fine and turn over the names of certain account holders to the IRS as
Read MoreUBS Chair Indicted On Tax Evasion Charges
Raoul Weil, the UBS bank chair and CEO of global wealth management, has been indicted on charges relating to tax evasion. He is accused of
Read MoreIRS Seeks Info On US Taxpayers Hiding Income
The Department of Justice issued a press release on Monday advising that it has filed court papers to allow the IRS access to request information
Read MoreWill UBS Name Names?
Will UBS name names as part of an ongoing investigation into its offshore accounts? Maybe. The Times is reporting that UBS may reveal the names
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