Financial Transparency Coalition

Wall Street Journal: Wealthy taxpayers have inundated the Internal Revenue Service in recent weeks with requests to come clean for past tax evasion, amid a government crackdown on undeclared income from overseas accounts.

Swiss authorities are investigating allegations that a Swiss official accepted a bribe from an American UBS client. From Reuters:

Swiss prosecutors are investigating allegations that an unamed Swiss official took a bribe from a U.S. client of UBS, they said on Wednesday.

Federal prosecutors said in a statement the tax authority had filed charges against unknown persons which it was now investigating without giving further details.

Word of the investigation came just one day after a former UBS client plead guilty in US court to filing false tax returns and evading...

ZURICH (Reuters) - Swiss prosecutors are investigating allegations that an unamed Swiss official took a bribe from a U.S. client of UBS, they said on Wednesday.

WASHINGTON - Jeffrey P. Chernick, of Stanfordville, N.Y., pleaded guilty today to charges of filing a false tax return, the Justice Department and Internal Revenue Service (IRS) announced. Chernick, who owns a corporation which represents toy manufacturers in China and Hong Kong, appeared today before Judge James I. Cohn in Ft. Lauderdale, Fla., and accepted responsibility for concealing more than $8 million in Swiss bank accounts.