Financial Transparency Coalition

LONDON (Forbes) -- Swiss and other European banks are shunning American clients in the wake of the UBS tax evasion case.

ZURICH (Reuters) - Swiss bank UBS could transfer client data to the United States and end a damaging tax litigation without breaching Swiss bank secrecy laws, a top Swiss judge told Reuters on Tuesday.

Financial Times - McDonald’s is to leave London for Geneva, joining the growing ranks of US companies moving their European headquarters to take advantage of preferential intellectual property tax laws.

Bloomberg -- German Finance Minister Peer Steinbrueck lauded Liechtenstein’s cooperation on tax issues as an “important contribution,” a turnaround in relations between two governments that were locked in a dispute on tax evasion.