Task Force Blog

Issues in the News

UBS Should Settle IRS Case, Pay Tax On Accounts – Think-Tank

July 15, 2009

Dow Jones Newswires

UBS AG (UBS) should pay U.S. taxes on 52,000 secret accounts held by American citizens in Switzerland as part of a settlement to a high-profile legal case between the bank and U.S. tax authorities, according to Washington-based Global Financial Integrity.

The think-tank said Zurich-based UBS should pay back-taxes owed the U.S. on what has been estimated as $14.8 billion worth of assets held in 52,000 undisclosed accounts from 2001 to 2007.

Continue reading at WSJ.com

Share
Latest Press Releases

Civil Society, Business Groups Call on Congress to Support Incorporation Transparency, Ban Anonymous U.S. Shell Companies

FACT Coalition · May 16, 2012

WASHINGTON, DC – Today, 41 business and civil society groups sent a letter to every member of the U.S. House of Representatives ...

Glencore ‘should explain potentially corrupt deals in Congo’ – Global Witness

Global Witness · May 5, 2012

LONDON - Global Witness is today calling on Glencore to explain potentially corrupt deals in the Democratic Republic of Congo, and is ...

Apple Tax Dodging Techniques Emblematic of Problem Costing U.S. $100 Billion, Poor Nations $1 Trillion Annually

Global Financial Integrity · April 30, 2012

WASHIGNTON, DC – A front-page article in Sunday’s edition of The New York Times drew attention to shady accounting techniques utilized by ...