August 16th, 2009
WASHINGTON — A deal with Switzerland settling U.S. demands for the names of suspected tax dodgers from a Swiss bank has a lot of wealthy Americans with offshore accounts nervously running to their tax advisers — and the Internal Revenue Service.
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August 14th, 2009
The UK government imposed direct rule on Turks and Caicos, its former Caribbean colony, today amidst rampant corruption charges against the local government. From the
AP:
The British government said it had suspended the government and legislature and put the London-appointed governor in direct charge of the islands about 500 miles (800 kilometers) southeast of Florida.
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British Foreign Office Minister Chris Bryant said the suspension could last up to two years while governor Gordon Wetherell "put the Islands' affairs back in good order." He said elections for...
August 14th, 2009
Liechtenstein, once one of the world's most secretive tax havens, is going further than almost any other centre in cleaning up its act. The deal is a dramatic example of a jurisdiction giving up banking secrecy in return for recognition as a legitimate financial centre. It is helping flush out tax evaders by making its banks close non- compliant accounts by 2015.
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August 14th, 2009
Federal prosecutors are building criminal cases against 150 wealthy American clients of the Swiss banking giant UBS as part of a continuing investigation into tax evasion, a person briefed on the matter said Thursday.
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