Tax-News.com — Determined to step up efforts to crack down on tax evasion, France’s Budget Minister Eric Woerth has announced his decision to demand assistance from the country’s banks.
WASHINGTON – The U.S. Department of the Treasury today announced that the United States and Monaco have signed an agreement to allow for the exchange of information on tax matters between the two countries. The agreement was signed by Deputy Secretary Neal Wolin and Minister Franck Biancheri in Washington.
SINGAPORE (Dow Jones) Singapore and Australia have amended their tax agreement to “enhance” cooperation on the exchange?of?information, Singapore’s finance ministry said Tuesday.
ZURICH (Dow Jones)–UBS AG’s (UBS) organizational and operational restructuring is on track, but the Swiss bank’s efforts to renew client trust will require long and hard work, Chief Executive Oswald Gruebel warned.
At the root of the public fascination with the fate of Michael Bryant is a question that lies at the heart of democracy: Do the rich and powerful get special treatment?
PARIS (Reuters) – France wants its banks to provide more details on the identity of people transferring money to tax havens and wants a new legal framework to be finalised by the end of September, the budget ministry said on Tuesday.
Bloomberg — Panama will share tax information with at least 10 countries to prevent sanctions over banking secrecy laws, Finance Vice-Minister Frank De Lima said.
ZURICH (Reuters) – Switzerland and the UK have signed a new treaty giving British tax authorities more access to banking information and taking the Swiss one step closer to being taken off an international list of tax havens.
TORONTO (Reuters) – Canada could pursue Swiss bank UBS (UBSN.VX) in court if bank officials refuse to disclose the names of Canadian clients who are evading taxes using UBS accounts, but even the government minister responsible believes stronger laws may be needed.
Newsweek–Israel’s former prime minister is only the latest to be called corrupt. Why is the nation’s political class plagued by scandal?
Bloomberg — Deutsche Bank AG, Commerzbank AG and Sal. Oppenheim Jr. & Cie. defended international activities after Die Zeit reported German lenders are “deeply involved” in business with tax havens.
WASHINGTON – A federal court in Newark, N.J., denied Schering-Plough Corp. a $473 million refund in connection with two transactions in which Schering-Plough sought to avoid taxation on $690 million in profits it repatriated from offshore subsidiaries into the United States.
NEW YORK (Reuters) – Executives at Swiss banks Julius Baer (BAER.VX) and Credit Suisse (CSGN.VX) expect to avoid a U.S. tax investigation into their private banking businesses on the same scale as their peer UBS (UBSN.VX), they told The Financial Times on Sunday.
Forbes — Shareholders in many of the world’s leading multinational corporations face significant financial peril from a source few have probably ever thought about: transfer pricing.
RIMINI, Italy (MF-Dow Jones)–Italian Economy Minister Giulio Tremonti and Republic of San Marino Economy Minister Gabriele Gatti met Friday to discuss a tax accord as part of an international move to crack down on tax havens.
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