Tag Archive
Switzerland Caves In To IRS Demands – US-FOREX.US
To assist the U.S. government Switzerland has lifted its veil of secrecy and has agreed to give 4,450 banking client names to the Internal Revenue Service. The international crackdown on tax evasion has been gaining ever more momentum as governments, smarting from the economic crisis, seek to claw back as much revenue as they can…. »
UBS Likely To Name Names – US-FOREX.US
Some relief at long, long last for UBS. The embattled Swiss bank will no longer be facing a lawsuit demanding that it hand over the details of 52,000 U.S. citizens suspected of tax evasion. Stuart Gibson, a tax attorney for the U.S. Department of Justice said during a conference call on Wednesday that the case… »
UBS Caught Up In The Issues – US-FOREX.US
You’d think the issue of international tax evasion was big enough to keep government officials talking for a lengthy amount of time. But American and Swiss authorities have a lot more than that to discuss as they seek an agreement over UBS handing over to the U.S.’ Internal Revenue Service the names of several thousand… »
IRS Tax Deal With UBS Hits Last-Minute Hitch – US-FOREX.US
The legal cat and mouse game between UBS and the U.S. Inland Revenue Service over accusations that the Swiss bank helped thousands of Americans evade taxes plays out a little longer. U.S. Justice Department attorney Stuart Gibson asked Friday for yet another week’s delay to the trial set to begin on Monday in order to… »
UBS The Good Days Are Gone – US-FOREX.US
UBS might be lagging behind its European peers in banking, but it still manages a lot of the world’s wealth: The Swiss bank looks after 1.65 trillion Swiss francs worth of assets for private individuals worldwide. Yet that number is in constant flux now that private banking clients from the U.S. and Europe are getting… »
UBS Plays The Confidence Game – US-FOREX.US
While its European rivals post a homecoming to profit, UBS is still stuck in the wilderness of losses. The Swiss banking giant, which is reportedly close to a settlement with the U.S. Internal Revenue Service over accusations that it helped thousands of Americans evade taxes, posted its third-straight quarterly loss on Tuesday. The second-quarter deficit… »