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.
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.
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.
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.
Swiss Bankers Association has declined to give names of Indian holding accounts in Swiss banks. But they could not hold American’s names, they buckled down, revealed names of US nationals and paid fines to US also. Why do we then fail?
VIENNA (Reuters) – Austria’s main political parties agreed on Wednesday to pass measures which should ease banking secrecy and help bring the Alpine republic up to OECD standards on financial transparency.
William Wallace: Your editorial welcoming action to force tax havens to loosen the bonds of secrecy (21 August) omitted one important point: many of the world’s leading tax havens fall under the British crown. Jersey, Guernsey, Isle of Man, Gibraltar, Bermuda, Cayman Islands, British Virgin Islands and Turks and Caicos are all significant offshore financial centres. All benefit from the British system of law, from the expectation of offshore investors that British oversight guarantees higher standards than competitor centres – and all have benefited from Whitehall’s relaxed oversight regime.
While over 100 million children never get the opportunity to go to school, developing countries ...
GFI and Task Force Director Raymond Baker speaks in Norway in an event sponsored by ...
The USA topped the Financial Secrecy Index. The state of Delaware was used ...
Richard Murphy of the Tax Justice Network and Tax Research LLP, explains the brand new ...
In March 2009, during the run-up to the G-20 Summit in London, activists from all ...
Ugland House, the infamous Cayman Island building where 18,000 companies are "located", was in the ...
May 14, 2009
The US Senate Finance Committee just announced that it will be holding hearings on the ...
May 15, 2009
IoMtoday, published by the Isle of man press carries the following story:CUSTOMS and ...
May 18, 2009
Washington, DC — The House Financial Services Committee hearing today on official corruption, its ...
May 19, 2009
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