09/02/2013
Swiss private bank group sees U.S. Tax spats resolved by 2015
Hundreds of banks may be covered by an accord between the U.S. and Switzerland over how to punish firms that used accounts to help American clients evade the Internal Revenue Service
08/29/2013
The settlement program will apply to about 100 second-tier Swiss banks
08/29/2013
This program will significantly enhance the Justice Department’s ongoing efforts to aggressively pursue those who attempt to evade the law
08/27/2013
The Swiss government is due to decide today whether to accept the accord
08/27/2013
Switzerland said it has agreed to a draft plan with the U.S. for the country’s banks to settle a tax-evasion dispute after years of diplomatic wrangling.
08/27/2013
The US Internal Revenue Service has released a series of videos to help foreign financial institutions sign up for the Foreign Account Tax Compliance Act
08/27/2013
The Swiss Finance Ministry has been instructed to complete work on a joint statement with the U.S
08/27/2013
The U.S. and Switzerland agreed to resolve a long-running dispute over offshore tax evasion by letting some banks voluntarily disclose wrongdoing and turn over account information on American clients
08/25/2013
Switzerland will decide soon on whether to keep pursuing a tax agreement with the United States, an outgoing top diplomat
08/11/2013
More U.S. citizens are giving up their American passports as the government cracks down on tax evaders.
07/30/2013
The NPA provides that LLB-Vaduz will not be criminally prosecuted for opening and maintaining undeclared bank accounts for U.S. taxpayers from 2001 through 2011
07/27/2013
In the latest example of how the world’s wealthy nations have ramped up cooperation against offshore tax evasion
07/16/2013
Japan has a law called the Tax Haven Counter Measure Law. It applies to any Japanese subsidiary in a low tax jurisdiction with a tax rate of 20% or less
07/16/2013
National tax laws have not kept pace with the globalisation of corporations and the digital economy, leaving gaps that can be exploited by multi-national corporations to artificially reduce their taxes.
07/15/2013
On July 12, 2013, the Internal Revenue Service announced revised timelines in connection with the staged implementation of the various due diligence, verification, withholding, and reporting requirements
07/12/2013
A group of Swiss banks will offer key information to U.S. investigators looking into tax evasion, the Wall Street Journal reports.
07/07/2013
Corporate tax avoidance has become a hot political issue following public outrage over revelations in the past year
07/06/2013
Campaigners lobbying against the US Foreign Account Tax Compliance Act
07/05/2013
THE revelations of wrongdoing currently rocking the Vatican bank couldn't have come at a worse time for the Swiss-born anti-money laundering expert hired to lead the Holy See's push for greater financial transparency.
07/02/2013
The Swiss government announced a new approach allowing banks to hand over data to U.S. authorities in a bid to solve a dispute over undeclared assets and forestall further indictments by the Department of Justice.