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A Death Blow?!
June 25th, 2009
The New York Times published an article today about a wealthy former UBS client, Steven Michael Rubinstein, who plead guilty to filing false tax returns - failing to disclose his offshore UBS accounts that he was funneling money through. The article goes on to provide analysis of the fallout surrounding UBS as would be expected. However, while providing background information, the New York Times threw in this gem:

UBS, the world’s largest private bank, admitted in February to conspiracy to defraud the Internal Revenue Service by helping scores of wealthy Americans hide nearly...

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Will the United States continue to tolerate offshore tax evasion?
June 23rd, 2009
The last G20 meeting declared that the era of banking secrecy is over. At a conference in Berlin, Ministers of Finance from the U.K., Switzerland, Austria and Luxembourg agreed that countries failing to observe OECD regulations would face the possibility of sanctions. In the United States, President Obama has promised to “level the playing field” by curbing tax havens and cracking down on the abuse of tax havens by individuals. Yet this morning, the New York Times published a story claiming that the Department of Justice may drop a case against Swiss bank...
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