Lacy Doyle allegedly opened a Swiss bank account to steer a majority of the $4 million she inherited from her father.
By John Miller ZURICH (Reuters) - Switzerland said it plans to give information to U.S. tax authorities about accounts at HSBC Holdings Plc's Swiss private bank, as part of a U.S. investigation into tax evasion. HSBC's Swiss unit has...Show More Summary
In the light of the brewing war between Apple and the FBI, President Barack Obama cautioned in his keynote at SXSW that no one should take an absolutist position on the debate between privacy and public safety. His key argument centered...Show More Summary
Two Cayman Island financial institutions have plead guilty to tax evasion, following the path of Swiss banks as the U.S. continues its aggressive worldwide tax enforcement.
The Swiss bank is cutting the level of annual bonuses it defers. After the 2008 crisis, regulators delayed variable compensation to improve accountability, leaving lenders with higher fixed costs and grumpy staff. Trouble is, ditching deferrals entirely doesn’t look practical.
A major tax evasion scandal might be unfolding in Switzerland after French tax authorities discovered over 38,000 secret accounts held by French citizens in the Swiss bank UBS, according to an exclusive report by Le Point magazine.
Swiss officials hand over to US authorities documents relating to bank accounts allegedly used for bribery in the Fifa corruption scandal.
Back in 2012, the bullish thesis for US housing (the one everyone was hoping for, instead of the fake housing "recovery" driven by the parking of dirty foreign oligarch money in NYC triplexes aka the new Swiss bank account, the private...Show More Summary
Millions of Swiss francs in bank accounts belonging to world soccer's governing body Fifa have been frozen, the Swiss justice ministry says.
The man who exposed some of the darkest secrets of the Swiss banking world would spend five years behind bars if he ever returns. The post The Snowden Of Swiss Bank Accounts Is Sentenced To Prison While White Collar Criminals Go Free appeared first on ThinkProgress.
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.
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.
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.
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 […]
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.
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.
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
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.
Prosecutors lose argument that billionaire H. Ty Warner got off too easy after hiding millions in Swiss bank account
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.