Tag:
American Clients
Latest Headlines
Latest Headlines
Credit Suisse being investigated by DOJ
The U.S. Department of Justice (DOJ) isn't playing games when it comes to overseas banks that aim to help American citizens evade taxes.
This was evident during the very aggressive approach to the probe of UBS over the past two years. Recall the Swiss bank was accused of helping Americans evad
Offshore tax evasion probe to spread
The battle to force UBS to reveal the names of American clients, many of whom are suspected of evading taxes, may soon be spreading. The U.S. government is stepping up the prosecution of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public "every
UBS nears settlement with United States
Looks like UBS and the U.S. government have struck a deal in the contentious case involving tax-avoiding U.S. clients of the big Swiss bank. The case will likely be dismissed as soon as the final agreement is effected. About 52,000 American clients are suspected of some sort of tax evasion.
New wrinkle in UBS tax-scam probe
Recall that UBS has admitted it failed to properly withhold taxes on 17,000 accounts held by Americans. But that may be a low-ball figure, according to the New York Times . Investigators are looking into how the bank handled taxes for 35,000 American accounts. "If UBS failed to collect taxes on
American clients of UBS turn themselves in
The big battle pitting American regulators against the vaunted Swiss banking giant UBS has taken an interesting turn. More American clients are voluntarily identifying themselves to the IRS, in hopes of winning leniency later on, reports USA Today . Recall that the government reached a deferred
Swiss banking taking a huge hit
So much for the vaunted secrecy of Swiss banks. Looks like UBS will shut down a lot of Swiss accounts held for Americans, in the wake of allegations that it helped Americans illegally avoid taxes. The Washington Post reports that the move will essentially out some American clients, exposing th
