Argentina's tax agency charged HSBC bank with helping more than 4 000 Argentines evade taxes by placing their money in secret Swiss accounts. ||| Buenos Aires - Argentina's tax agency charged HSBC bank Thursday with helping more than 4 000 Argentines evade taxes by placing their money in secret Swiss accounts. Show More Summary
ZURICH (Reuters) - Barclays' private bank in Switzerland has dropped out of a U.S. program aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday. Show More Summary
By Ruben Sprich BERNE (Reuters) - A former banker at Switzerland's biggest bank, UBS, has been found guilty of handing over protected Swiss bank account data to the United States, according to a penalty order issued by the Swiss prosecutors' office. Show More Summary
ZURICH (Reuters) - Switzerland will begin negotiations soon with the European Union and some other countries on automatically sharing data on Swiss bank accounts held by foreigners, the government said on Wednesday. It could start exchanging...Show More Summary
New York real estate is the new Swiss bank account. New York Magazine recently ran an exposé on the motivations behind foreign buyers to purchase apartments in pricey residential new developments in a city in which they are not permanently located. Show More Summary
Submitted by Michael Krieger of Liberty Blitzkrieg blog, Late last month, New York Magazine published a lengthy and very important article titled: Stash Pad – Why New York Real Estate is the New Swiss Bank Account. The entire article is well worth a read, and left me shaking my head in disbelief the entire time. Show More Summary
Several Swiss banks have threatened to freeze American clients’ accounts unless they prove they are, or take steps to become, tax compliant, as the country’s lenders hurry to resolve a tax evasion dispute with the US. The moves – made...Show More Summary
Mercenary Links July 1st: Bulk foreclosure buyers looking to sell... why NYC real estate is the new Swiss bank account... mergers hit a 7-year high... China workers dying at their desks, why teenagers act crazy, and more.
Here's a stunning fact: 30% of all apartments between 49th and 70th Streets and between Fifth and Park Avenues are vacant at least 10 months of the year, according to a Census Bureau estimate provided to New York Magazine. And sinceShow More Summary
A federal jury found an 87-year-old Florida man owes the U.S. government civil penalties amounting to 150 percent of the value of his Swiss bank account, the biggest such penalty by percentage on record, his lawyers said. Carl Zwerner...Show More Summary
The Justice Department’s tax-cheat division is ready for some fun in the sun. The hunt for money hidden in Swiss bank accounts by U.S. citizens has become a global chase, with prosecutors tracing records to Singapore, the Cook Islands and elsewhere as U.S. Show More Summary
WASHINGTON (AP) — Swiss bank Credit Suisse AG pleaded guilty Monday to helping wealthy Americans avoid paying taxes through secret offshore accounts and agreed to pay about $2.6 billion.
Fabrice Coffrini/AFP/Getty Images WASHINGTON — The Justice Department on Monday charged Credit Suisse AG with helping wealthy Americans avoid paying taxes through offshore accounts, and a person familiar with the matter said the European...Show More Summary
El Presidente believes in transparency in all things except for his personal Swiss bank account. Here is nearly an hour and 15 minutes of Tropico 5's gameplay. No voice-overs, just some of the devs playing the game. The game will be available to the...
By Don Dion: Swiss private banks have agreed to assist US authorities by providing comprehensive details about Morgan Stanley (MS) and Goldman Sachs (GS) bank accounts that might indicate potential tax evasion by American clients. By...Show More Summary
The Swiss bank revised its fourth-quarter results again to reflect an additional charge of 468 million Swiss francs, or about $527.9 million, related to a continuing investigation into unreported accounts held by Americans.
Bayern Munich president, Uli Hoeness, admitted on Tuesday that he had hidden millions of Euros in a Swiss bank account to avoid paying tax. According to The Associated Press. Hoeness is now accused of not paying 27.2 million Euros ($37.6 million) in taxes, up from the sum of 18.5 million Euros ($25.7 million) which he... Show More Summary
A damning Senate report found that the bank at its peak in 2006 had more than 22,000 US customers with Swiss accounts whose assets stood as high as $12 billion.
Bankers from Credit Suisse, one of the world's largest financial institutions, courted wealthy Americans in airports, at family weddings and on golf courses from Florida to the Bahamas with a simple pitch: We'll help you hide your money. Show More Summary
Report estimates Swiss bank helped as many as 20,000 U.S. taxpayers evade billions of U.S. tax, but says that so far the U.S. Department of Justice has gotten the identities of only 238 of those account holders and faults Justice for the lack of disclosure.