Financial Transparency Coalition

ZURICH -- The Swiss cabinet held an extraordinary meeting on UBS AG's problems with U.S. tax authorities, a move that could signal Switzerland is close to bowing to the U.S. on demands to hand over data.

The IRS on August 7 issued Notice 2009-62, which further extends the deadline for filing a foreign bank account report (FBAR) for those taxpayers who have only signature authority over a foreign account or who have an interest in a commingled fund.

ZURICH (Reuters) - The Swiss government held a special session on Monday to discuss the U.S. tax evasion case hanging over Swiss bank UBS as negotiations to settle the issue dragged on.

Despite having the world’s highest taxes, Denmark is increasingly being used as a type of tax haven