August 18th, 2009
WASHINGTON - Craig Shaber, an attorney from San Diego was arraigned today before Magistrate Judge Anthony J. Battaglia in that city on charges of conspiracy to defraud the Internal Revenue Service (IRS) and tax evasion for years 2000 to 2002, the Justice Department and IRS announced. On Aug. 14, 2009, Steven Wright, an accountant, pleaded guilty before U.S. Magistrate Judge Jan M. Adler to one count of tax evasion for the 2000 tax year. Wright admitted to evading $387,000 in taxes for 2000 to 2002.
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August 18th, 2009
ZURICH (Reuters) - Details of a landmark settlement of the U.S. tax case against Swiss bank UBS are expected this week, which should help the bank restore its image and open the way for the Swiss state to sell its UBS stake.
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August 17th, 2009
The Prince of Liechtenstein, Hans-Adam II, has
enraged German Jews (and rightfully so) by reiterating the misnomer that banking secrecy was created to protect the Jews from the Nazis during the Holocaust. However that's only half of his problem; unlike most other disseminators of this untruth, he then pointed his finger back at Germany (who is currently pursuing tax-evaders into Liechtenstein) and outrageously suggested that they should consider their own past. From the
AP:
The prince took aim particularly at Germany, which has been pressuring Liechtenstein to clamp down on confidential banking...
August 17th, 2009
Globes Online, an Israeli business publication, has an article today detailing how the US crackdown on offshore tax evasion has reached Israel:
The war that US President Barack Obama is waging against concealment of assets and tax evasion, and the legislation against tax havens that he has been promoting, is extending beyond the borders of the US and liable to affect people who hold accounts at banks in Israel. Under us regulations, a US citizen who fails to report by the end of September 2009 any account worth more than $10,000 held in a non-US...
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