July 31st, 2009
Task Force member Global Financial Integrity made a couple of press appearances today. GFI Director Raymond Baker appeared in an Associated Press (AP)
article discussing the UBS case, and GFI Mananging Director Tom Cardamone
discussed the case on Canada's Business News Network (BNN).
From the AP
article:
Raymond Baker, director of the Global Financial Integrity, an organization that works to end illegal international money transfers, said it's critical that U.S. officials push for greater information sharing so tax evasion and other financial crimes can be investigated.
"What happens with the...
July 31st, 2009
PANAMA CITY — The month-old government here is expected to announce as soon as next week the first steps toward breaking with decades of banking secrecy that have drawn both tax-allergic customers and global rebukes.
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July 31st, 2009
Swiss banking giant, UBS, and the US government have come to a tentative settlement agreement in the prolonged legal battle which has pitted the US government against Swiss banking secrecy. From the
Washington Post:
The U.S. and Swiss governments have tentatively settled a dispute in which the U.S. government was seeking information about thousands of American depositors suspected of using accounts at Switzerland's largest bank to hide money from the Internal Revenue Service.
The two sides have "reached an agreement in principle on the major issues," Justice Department lawyer Stuart D....
July 30th, 2009
WASHINGTON (Dow Jones)--Swiss government officials, including the Swiss federal banking commissioner Urs Zulauf, are scheduled to take the stand next week at an evidentiary hearing in the high-profile case involving the U.S. and Swiss governments and UBS AG (UBS).
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