Financial Transparency Coalition

Switzerland's largest bank, UBS, has proposed giving United States tax authorities banking data on some of its clients but with no names or account numbers attached.

The chairmen of U.S. House and Senate tax committees have asked the IRS to cease efforts to collect penalties from small businesses who bought certain employee-benefit plans branded tax shelters by the IRS.

Life might have rocked along pleasantly enough for Steven Michael Rubinstein, his $3 million home and his fat Swiss bank account if UBS AG hadn’t courted customers like him with such zeal.

The former chief executive of a major accounting firm and six others were indicted in what authorities say was a wide-ranging criminal scheme that generated more than $7 billion in fraudulent tax losses.