Financial Transparency Coalition

Bloomberg -- Deutsche Bank AG, Commerzbank AG and Sal. Oppenheim Jr. & Cie. defended international activities after Die Zeit reported German lenders are “deeply involved” in business with tax havens.

WASHINGTON - A federal court in Newark, N.J., denied Schering-Plough Corp. a $473 million refund in connection with two transactions in which Schering-Plough sought to avoid taxation on $690 million in profits it repatriated from offshore subsidiaries into the United States.

NEW YORK (Reuters) - Executives at Swiss banks Julius Baer (BAER.VX) and Credit Suisse (CSGN.VX) expect to avoid a U.S. tax investigation into their private banking businesses on the same scale as their peer UBS (UBSN.VX), they told The Financial Times on Sunday.

Forbes -- Shareholders in many of the world's leading multinational corporations face significant financial peril from a source few have probably ever thought about: transfer pricing.