Financial Transparency Coalition

Wealthy U.S. citizens using a tax-evasion amnesty program have identified nearly 10 Swiss and European banks where their accounts are held, opening new fronts in the Internal Revenue Service's probe into potential tax crimes, according to people familiar with the situation.

LONDON -- The U.K. government, struggling to keep up revenue streams as public finances deteriorate, Tuesday offered an amnesty to U.K. citizens with unpaid taxes linked to offshore accounts.

Swiss banks may again feel the pressure of large cash withdrawals in a short space of time as Italy and Britain plan another round of tax amnesties.

DEPENDING on your view of his final destination, Silvio Berlusconi has either a guardian angel or the luck of the devil. Before the G8 summit in L’Aquila, aides portrayed a man staring into the abyss. Rumours were rife of a new compromising batch of photographs showing Italy’s prime minister cavorting with “escorts”. L’Aquila was being hit by aftershocks from the April earthquake that led Mr Berlusconi to move the summit there. Given another tremor of over four points, it would have been cancelled or moved again. There was such a tremor—but two days after the summit. The spicy photographs,...