John Malkovich's suit against a French newspaper for falsely calling him a tax cheat contains useful reminders. Banking everywhere is transparent now, and no one likes holders of secret accounts, Swiss or otherwise. With FATCA, IRS and Justice Department programs, nothing will be secret for long.
Like cult members awaking to find their leader swigging gin and squirreling money into a Swiss bank account, liberals are rubbing their eyes in disbelief at President Obama’s behavior. The
PRESIDENT OBAMA’S THIRD CLASS TEMPERAMENT: “Like cult members awaking to find their leader swigging gin and squirreling money into a Swiss bank account, liberals are rubbing their eyes in disbelief at President Obama’s behavior.... So welcome to our world, liberals. Now that your eyes are opened, take a look at the completely […]
The accounts were examined under a new Swiss law that requires banks to publish information this year on accounts that were opened at least 60 years ago and have been dormant for 50 years.
National Front party founder Jean-Marie Le Pen allegedly squirreled away a small fortune, including $1.87 million worth of gold bars and coins.
The honorary president of the Front National party has been hit with allegations that he kept an undisclosed trust with HSBC in Switzerland with the amount ofworth €2.2 million [$2.4 million].
Following comments from the Swiss National Bank, reducing the group of sight deposit account holders that are exempt from negative interest rates, has sent Swissy tumbling... The rush out of swiss francs reignites As Bloomberg reports, Swiss National Bank says its reduced the group of sight deposit account holders that are exempt from negative rates. Show More Summary
Swiss officials initialled an agreement with EU counterparts to allow the automatic exchange of tax information of bank account holders between the two jurisdictions. ||| Catherine Bosley Zurich SWISS officials initialled an agreement...Show More Summary
At the 2015 IndieCade East hosted last month by the Museum of the Moving Image in Queens, Seth Alter of Subaltern Games said in a talk that he sets out to examine the problem of a genre and then tries "to subvert it and make something new with its existing systems."
Police arrested a former Petrobras executive after prosecutors discovered large transfers from Swiss bank accounts he managed. ||| Brasilia - Police arrested a former Petrobras executive on Monday after prosecutors discovered large transfers...Show More Summary
BRASILIA (Reuters) - Police arrested a former Petrobras executive on Monday after prosecutors discovered large transfers from Swiss bank accounts he managed - the latest twist in a corruption probe implicating some of Brazil's top companies and political parties. Show More Summary
Accounting Today, IRS Doing Fewer Business Audits Due to Budget Cuts Atlanta Business Chronicle, Circlenet CEO Gets four months in prison for hiding money in Swiss bank Bloomberg, IRS Audits of U.S. Businesses Decline to Lowest Level Since 2005 Bloomberg, Rubio Tax Cut Expands Business Deduction, Family Credits Bloomberg View,...
CARACAS (Reuters) - Venezuela will ask British bank HSBC Holdings PLC for a list of state officials who have accounts in its Swiss subsidiary, a prosecutor said on Wednesday, following media reports that Venezuelans were among the bank's leading clients. Show More Summary
HSBC CEO Stuart Gulliver today defended the personal finance choices he made since he joined HSBC 35 years' ago, as he gave evidence over the lender's Swiss bank account scandal today. HSBC Chairman Douglas Flint waded in several times...Show More Summary
HSBC has had a tough week. Not only has it had to tell investors that the bank experienced a 17% plunge in profits before tax for 2014, its boss was also dragged into the Swiss bank account scandal. Details emerged over how HSBC's CEO...Show More Summary
It is embarrassing enough that HSBC CEO Stuart Gulliver was caught keeping £5 million in a Swiss bank account. But once you know why that money was in there, the situation looks even more ridiculous. No one is saying that Gulliver used his Swiss bank account to evade paying taxes, of course. Show More Summary
Oops! Amid new money-laundering allegations against HSBC's Swiss arm, The Guardian reports that leaked files show that CEO Stuart Gulliver sheltered US$7.6 million in a Swiss account through a Panamanian company. While a spokesperson...Show More Summary
Bank says account opened when Gulliver living in Hong Kong, full income tax still paid.
HSBC's Stuart Gulliver is embroiled in scandal. HSBC chief executive Stuart Gulliver, who vowed to reform the scandal-hit bank, kept millions of dollars in a Swiss account, the Guardian newspaper reported on Sunday. It is the latest in a stream of so-called "Swissleaks" allegations that have hit the reputation of the British banking giant. Show More Summary
HSBC’s Swiss banking arm helped wealthy customers evade taxes and hide millions of dollars of assets, a huge cache of leaked files about more than 100,000 secret bank accounts from 2005-2007 has shown. A team of journalists from 45 countries, including outlets like France’s Le Monde, the BBC, the Guardian, and the International Consortium of […]