Financial Transparency Coalition

James B. Stewart: Do you know anyone with a Swiss bank account? I don’t, which is probably no surprise since the whole point is secrecy. But evidently there are plenty of Americans who do—at least 52,000 at UBS alone—whose identities the Internal Revenue Service and the Department of Justice are trying to learn.

ZURICH (Reuters) - Swiss bank UBS could transfer client data to the United States and end a damaging tax litigation without breaching Swiss bank secrecy laws, a top Swiss judge told Reuters on Tuesday.

While house prices across Europe have plunged in recent months, a stream of wealthy tax exiles is continuing to push up property prices in offshore tax enclaves across the continent.

Summary and full text of the Stop Tax Haven Abuse Act of 2009 (S. 506, H.R. 1265), as introduced by Senator Carl Levin (D-MI) and Congressman Lloyd Doggett (D-TX).