BOLOGNA, Italy (Reuters) - Raoul Weil, a former UBS banker charged by U.S. authorities five years ago for allegedly helping rich Americans dodge taxes via secret Swiss bank accounts, has agreed to go to the United States to face trial after being arres...
The authorities had accused Kostas Vaxevanis, who wanted to shine a light on tax evasion, of violating privacy laws.
Trudeau wrote $75,000 in checks from the account on Aug. 23, weeks after U.S. District Judge Robert Gettleman warned him not to move any money around. [ more › ]
BOLOGNA, Italy (Reuters) - An ex-UBS banker charged in the United States with conspiring to help Americans dodge taxes using Swiss bank accounts must remain behind bars in Italy after a judge turned down his request for house arrest, a source with know...
(Reuters) - U.S. authorities are seeking information from Citigroup Inc's Citibank NA and Bank of New York Mellon Corp to uncover the identities of U.S. citizens who may have been hiding money in Swiss bank accounts to avoid taxes.
One entrepreneur has discovered that Switzerland's thousands of unused nuclear shelters make great bunkers for ultra-secure Bitcoin mining.
ZURICH (Reuters) - Switzerland's financial watchdog has told HSBC and two other private banks to pay thousands of Swiss francs for failing to supervise properly the accounts of people close to ousted Tunisian President Zine al-Abidine Ben Ali, televisi...
The Miami Dolphins couldn't buy more time in the pocket for quarterback Ryan Tannehill if they had a Swiss bank account. Tannehill has already been sacked 24 times, the most of any quarterback this season so far. That is a mind-numbing rate that puts him on pace to be sacked 76.8 times this season. Show More Summary
Instead of dumping your cash into a Swiss bank account, try tweaking inventory, accounts receivable, liabilities, equipment write-offs, retirement plans, and more. Really? The Beanie Babies guy? Tax evasion? It's true. Ty Warner, the...Show More Summary
In a move that clearly seeks to distance the second largest Swiss bank from potentially "risky" or just not that profitable (read "rich or super rich") accounts, Credit Suisse announced today that it plans to close some clients' accounts as it focuses on high-value customers in some countries and pulls out of others altogether. Show More Summary
"You now have a Swiss bank account if anybody asks. Crédit Nationale Du Génève code name 'PADDY.' Lavish awkward gesture; all of 15 Swiss Francs in it. But if you ever want to impress anybody, they can find out you have a Swiss account. Show More Summary
Another Swiss bank is experiencing the wrath of the U.S. Government’s focus on offshore tax cheats and revenue collection. A Reuters article titled: Another historic Swiss bank under U.S. tax spotlight reports that Swiss private bank Rahn & Bodmer is under investigation by U.S. Show More Summary
NEW YORK (Reuters) - A Cayman Islands entity at the center of a U.S. investigation into possible insider trading in ketchup maker H.J. Heinz Co said trades placed in its Swiss bank account were done by someone without permission.
Bryan C. Skarlatos (Kostelanetz & Fink, New York) has posted several tax penalty papers on SSRN: The IRS Continues to Attack Unreported Foreign Bank IRS Penalty Assessments on the Rise Accounts by Criminally Indicting Three Swiss Bankers Reconsidering the 'Reliance on Professional' Defense to Delinquency Penalties in the Age of...
Happy Friday! After just reporting two days ago about the Cayman Islands reaching an agreement with U.S. taxing authorities, the U.S. and Swiss have finally reached a compromise deal for how Swiss banks will report account data on their American clients to the IRS. Show More Summary
When one talks about a music box, what picture comes into your mind? Most of us would think of a family heirloom, with more often than not a porcelain ballerina being mounted right smack in the middle. Sometimes, there is a mirror on the part where you pop open the cover, where it is the [...]
As the US and Swiss Reach a Deal on American Tax Evaders, the IRS hunt for offshore income and accounts continues unabated. In fact, it’s intensifying. Liechtenstein Bank Pays $23.8M To IRS For Helping Americans Evade Taxes. For those who don’t come forward before they are found, being found can be awfully painful. IRS ‘Amnesty’…But Prosecuted Anyway? A case in point [...]
WASHINGTON (Reuters) - An heir to a wealthy New York investment manager's fortune has pleaded guilty to conspiring with family members to hide more than $12 million from the U.S. Internal Revenue Service in Swiss bank accounts, federal prosecutors said...
(NEW YORK) — The son of a pioneering investor in Asian companies has pleaded guilty in New York to tax fraud charges, joining three siblings who earlier admitted hiding money from their father’s estate in secret Swiss bank accounts. Prosecutors say Henry Seggerman entered the plea to conspiracy and other charges in federal court in Manhattan. Show More Summary
In America we tend to look down on Third World autocrats who siphon their country's wealth into their personal Swiss bank accounts at the expense...