March 19th, 2010
Washington — A new report released today from Global Financial Integrity (GFI) on private, non-resident deposits in secrecy jurisdictions finds that the United States, United Kingdom, and the Cayman Islands are the most popular destinations for financial deposits by non-residents. Switzerland, Luxembourg, and Hong Kong also make the top 10 list of destinations.
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November 17th, 2009
Statement of Senator Carl Levin (D-Mich) on the disclosure of the annex to the U.S.-Swiss Settlement agreement in the UBS case.
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October 6th, 2009
From Switzerland's Le Temps newspaper this morning (translated from the French)
The Ticino lawyer Fabrizio Pessina, from Chiasso, was arrested at Malpensa airport (Milan) on March 2 on his return from Spain where he had been playing golf. The financial brigade was interested in him, in the context of an investigation into two Italian businessmen suspected of diverting funds from a real estate project in Milan. On Fabrizio Pessina's personal computers the investigators found, it seems by chance, a list of 552 Italian taxpayers with the details of their bank accounts, including the names of their...
October 5th, 2009
WASHINGTON – Roberto Cittadini of Bellevue, Wash., pleaded guilty today to filing a false tax return, the Justice Department and Internal Revenue Service (IRS) announced. Cittadini appeared today before Magistrate Judge Mary Alice Theiler in Seattle and accepted responsibility for concealing nearly $2 million in Swiss bank accounts. According to court documents and statements made in court, Cittadini, a retired sales manager for Boeing, failed to report income from bank accounts under his control at UBS AG in Switzerland on his individual income tax returns from 2001 through 2003. Additionally, Cittadini failed to file a Report of Foreign Bank...
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