08/16/2012
The German government's deal with Switzerland to open up its famously secret bank accounts to the taxman is the result of public outrage after the 2008 financial crash and months of negotiation that followed.
08/16/2012
He wants the deal declared invalid, or damages equal to the cost of unwinding it -- about 18.7 million pounds.
08/15/2012
Julius Baer and Zuercher Kantonalbank also said they received authorization. HSBC said it has delivered documents and is cooperating with the U.S.
08/15/2012
The scandals reveal the complicity of the regulators including the Financial Services Authority (FSA) and the Bank of England (BoE), and successive governments which act as the protectors of those financial gangsters.
08/15/2012
But the 335-page investigative report into money laundering violations contained a trove of information about HSBC’s dealings in the Middle East, including Iran and Syria.
08/15/2012
The amount of tax these 20 alone are said to have avoided would pay the salaries of 25,000 nurses for a year
08/15/2012
Marcos ruled the Philippines from 1965 to 1986, when he was overthrown by a popular revolt. He died in exile in Hawaii in 1989.
08/15/2012
She worked for the private banking division, which offers personalised service to high net wealth customers.
08/15/2012
Foreigners in the debt-burdened European country will now find it easier to apply for a tax break.
08/14/2012
Olenicoff, who built his fortune as the chief executive officer of Newport Beach, California-based Olen Properties Corp., pleaded guilty in 2007 to filing a false tax return.
08/14/2012
The New York firm fielded a cross-border team led by corporate partners Paul Shim and Simon Jay, based in the New York and the London offices respectively.
08/14/2012
As of January next year, Germans with Swiss bank accounts will have to pay a charge of between 21 and 41 percent of their total holdings to maintain their cloak of anonymity, as well as an ongoing yearly withholding tax.
08/13/2012
The total figure is double that of the same period last year, which was 222, and is already nearly 74 percent of the total count for 2011.
08/13/2012
Washington, however, must factor forthcoming elections into its thinking, and Germany is delaying ratification of a tax deal key to Switzerland's efforts to strike similar agreements elsewhere in Europe.
08/13/2012
PricewaterhouseCoopers is being investigated over its audits of crisis-hit corporate finance firm RSM Tenon.
08/13/2012
US regulators are getting tough over money laundering activities and central banks in Asia are also monitoring developments closely.
08/13/2012
However, UBS economist Drew Matus wonders if we're blowing fears out of proportion.
08/12/2012
The bank doesn't provide tax services to clients, UBS spokesman Dominique Gerster told Dow Jones Newswires.
08/12/2012
The country’s parliament approved the increase last month as part of a supplemental budget.
08/12/2012
The US, UK, France, Germany, Italy, and Spain have jointly issued drafts of two versions of model agreements implementing FATCA through a process of intergovernmental information exchange (the “Model Agreements”).