Financial Transparency Coalition

An increased commitment by the U.S. to enforce more strictly tax laws regarding the declaration of offshore accounts have some American-Israelis who never bothered filing the appropriate form worrying about the right way to proceed. While some accountants with worried clients say it is time to come clean, others say the government is focusing on those trying to use Israel as a tax haven.

Life might have rocked along pleasantly enough for Steven Michael Rubinstein, his $3 million home and his fat Swiss bank account if UBS AG hadn’t courted customers like him with such zeal.

When most people think of professionals whose "purpose is to serve the greater good," MBAs don't leap to mind. That's probably part of the reason authors of a new oath for MBAs, which uses those words in the opening sentence, set such modest goals for the project. Started by 33 second-year MBA students at Harvard Business School (Harvard Full-Time MBA Profile) as a way to bolster B-school ethics, the group originally hoped 100 of their classmates in the Harvard class of 2009 would sign up to "act with utmost integrity." At the time, it seemed like a stretch.

Abu Dhabi: Banking secrecy in Switzerland does not provide protection against international tax offences, Swiss President Hans-Rudolf Merz said in an exclusive interview with Gulf News.