August 30th, 2010
The Swiss government has
announced that it has examined the dossiers of over four thousand UBS clients suspected of committing tax evasion offences in the United States, but they have only transmitted their findings to the US authorities for around half of the examined cases.
Under the terms of the administrative agreement agreed between Switzerland and the US in August 2009, criteria were established for proceeding with an administrative assistance request submitted by the Inland Revenue Service. This included a requirement that the Swiss Federal Tax Authority examines 4,450 UBS...
Continue Reading
August 21st, 2010
ZURICH—Weeks after the overthrow of Haitian dictator Jean-Claude "Baby Doc" Duvalier in 1986, Haiti asked Switzerland to freeze $5 million it alleged Mr. Duvalier had stolen and stashed in Swiss bank accounts.
Continue Reading
August 20th, 2010
CBS News' 60 Minutes has done a follow-up
piece on the UBS/Swiss Banking saga. It aired last Sunday evening. Check out the segment below:
Continue Reading
March 19th, 2010
Washington — A new report released today from Global Financial Integrity (GFI) on private, non-resident deposits in secrecy jurisdictions finds that the United States, United Kingdom, and the Cayman Islands are the most popular destinations for financial deposits by non-residents. Switzerland, Luxembourg, and Hong Kong also make the top 10 list of destinations.
Continue Reading