Trend Results : Swiss Bank Account

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Ethics panel to investigate Brazil speaker's alleged Swiss accounts

BRASILIA (Reuters) - A Brazilian Congressional ethics committee will investigate Swiss bank accounts allegedly held by Eduardo Cunha, speaker of the lower house, the lawmaker charged with reviewing the case said on Monday.

Brazil speaker faces ethics hearings over Swiss bank accounts

BRASILIA (Reuters) - A Brazilian Congressional ethics committee on Thursday picked a first-term legislator to lead an investigation into secret Swiss bank accounts allegedly held by Eduardo Cunha, the speaker of the lower house.

IRS Offshore Account Penalties Go Up, More Banks Sign U.S. Disclosure Deal

Undisclosed offshore accounts are in the cross hairs again, and IRS penalties are up as more Swiss banks pay for non-prosecution deals with the U.S.

More Swiss Banks Enter Into Non-Prosecution Agreements While Offshore Penalties Soar

One of the top priorities for the IRS and Department of Justice has been the focus on offshore financial accounts held by U.S. taxpayers, and used to avoid or defeat the assessment of tax. Underscoring the need for an increased focus on offshore tax enforcement is a 2008 U.S. Senate report showing that the use […]

IRS Offshore Account Penalties Increase, Hunt Continues

Offshore accounts at Swiss and other banks are on the endangered species list, and the best protection is full disclosure. Even at a 50% penalty, it is better than the alternative, which could involve prosecution.

Swiss Banks to Pay $4.4Mln Fine to Comply With US Tax Regulations

Under the penalty provisions of the Swiss Bank Program, banks seeking a non-prosecution agreement must agree to a penalty in an amount equal to 20 percent of the maximum aggregate dollar value of all non-disclosed US accounts.

Does Israeli Spy Jonathan Pollard Have $1 Million Waiting in a Swiss Bank Account?

If past reports are true, convicted spy Jonathan Pollard could have about $1 million waiting for him in a Swiss bank account when he is released from federal prison on parole in November. Pollard, whose release was announced on Tuesday, has served nearly 30 years for supplying the Israeli government with classified U.S. Show More Summary

Ty Warner got off easy

A Federal Appeals Court last week upheld a sentence sparing billionaire Beanie Babies creator Ty Warner jail time for stashing millions in Swiss bank accounts to avoid paying taxes.

Probation upheld for tax-evading Beanie Babies' creator

Prosecutors lose argument that billionaire H. Ty Warner got off too easy after hiding millions in Swiss bank account

Athens Proposes Deal to Tax Greeks' Undeclared Assets in Swiss Banks

Following years of talks with Switzerland on disclosure of untaxed Greek money in Swiss bank accounts, Athens is now presenting a proposal to grant amnesty to tax evaders on the condition that they pay a 21-percent levy on undeclared assets, a Swiss newspaper said Sunday.

Swiss Accounts Facing 50% IRS Penalties Balloon To 26 Banks

FATCA demands global banking transparency. Meanwhile, the IRS' OVDP and Streamlined amnesty programs continue. Which is best, and why?

No longer so secret, Swiss banks look to expand after purge

By Joshua Franklin ZURICH (Reuters) - Switzerland's private banks are close to ridding themselves of undeclared European accounts, a salutary process but one which has undermined efforts to grow their businesses. Following the financial...Show More Summary

Offshore Banks Reveal Account Data, As IRS Amnesty For Many Involves 50% Penalty

WIth FATCA and the U.S. settlement deal for Swiss banks, global transparency is here. And the penalty exposure for unreported offshore accounts is huge, both civil and criminal. With more banks on the IRS 50% penalty list within the OVDP, even a 50% deal is still vastly better than the bigger penalties and prosecution that are possible.

Swiss Banks Suspect Money Laundering Activities Around FIFA Accounts

Attorney General Michael Lauber said that Swiss banks reported suspected money laundering activities they had observed around accounts of FIFA.

Swiss banks 'reported Fifa accounts'

Swiss banks reported suspicious activity around Fifa accounts, says the Swiss attorney general investigating corruption.

More Swiss Banks Settle With U.S., FATCA Marches On

With FATCA in force and more and more banks striking non-prosecution deals with the U.S., offshore accounts are being disclosed in record numbers. IRS amnesty deals are not perfect, but they are far better than the alternative.

U.S. Gets ‘Explosion’ of Data on Undisclosed Swiss Accounts

U.S. authorities are getting a “treasure trove” of information from some 100 banks and other financial firms in Switzerland, a Justice Department official said Friday.

Two Swiss Banks Agree to Disclose Tax Evasion Information to US - DoJ

Two Switzerland-based banks have agreed to disclose secret accounts belonging to US taxpayers as part of a new US program to fight offshore tax evasion, the US Department of Justice announced in a statement on Wednesday.

Nike, the Brazilian national football team, and $40 million paid into a Swiss bank account (NKE)

The FIFA bribery scandal has entangled many individuals in its web. Now i t looks like Nike may have been dragged into the alleged "ramp ant, systemic, and deep-rooted corruption" that US Attorney General Loretta Lynch says has sullied...Show More Summary

EU, Switzerland Agree to Crack Down on Tax Cheats, End Swiss Bank Secrecy

The European Union and Switzerland struck a historic accord on Wednesday to exchange bank account data in a bid to fight tax evaders, the European Commission said in a press release.

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