Top News Cast - World (Free subscription) | 01/12/2008
By Benjamin Mulletonin Offshore accounts are typically located in a place, or a tax haven with a low tax burden on the offshore bank account depositor. Offshore accounts are administered by banks and offer traditional banking services which make it more convenient to utilize the funds held in the banking accounts for everyday spending,...
New York Times (Free subscription) | yesterday
The Justice Department has expanded its investigation into foreign banks that sell offshore banking services to include Credit Suisse and HSBC, according to people briefed on the matter.
The Street (Free subscription) | yesterday
The two Swiss banks are now being investigated with UBS regarding the hiding of U.S. assets in offshore accounts.
The Street (Free subscription) | yesterday
The two Swiss banks are now being investigated with UBS regarding the hiding of U.S. assets in offshore accounts.
Reuters (Free subscription) | yesterday
(Reuters) - The U.S. Department of Justice has expanded its criminal investigation into foreign banks that sell offshore private banking services to include Credit Suisse and HSBC Holdings , The New York Times said, citing people briefed on the matter.
Law Blog (Free subscription) | yesterday
... and is focusing on whether the two banks helped wealthy American clients hide up to $30 billion in offshore accounts that went undeclared to the IRS. The investigations are at an early stage and, for now, have not focused on any executives, reports the Times. The investigations into HSBC and Credit Suisse have reportedly emerged from information provided to prosecutors and are focused...
Postman Patel (Free subscription) | 29/11/2008
... officesThis admission is seen by observers that the approximately 19,000 US citizens who held offshore accounts indicates a settlement in the long-running investigations into alleged tax evasion may be imminent. Peter Kurer (see pic) UBS chairman had to admit that such fraud that, “Our investigations have uncovered a limited number of cases of tax fraud under both U.S. and Swiss law.”...
Tax Research UK (Free subscription) | yesterday
... and is focusing on whether the two banks helped wealthy American clients hide up to $30 billion in offshore accounts that went undeclared to the Internal Revenue Service, the people briefed on the matter said. It’s a while since I described HSBC Chairman, Rev Stephen Green, as the UK’s biggest provider of corruption services, but it’s good to see some others picking up the trail.
Making the Most of the Internet (Free subscription) | 30/11/2008
Fraud. One out of five! My name is Dr.Martin Benjamin; I am the credit officer in a Bank here in United Kingdom. I have a business proposal in the tune of 24.5m pounds to be transferred to an offshore account with your assistance. After the successful transfer, we shall share in ratio of 30% for you and 70% for me. If you are interested, please respond to my letter immediately, so we...
BBC News (Free subscription) | 27/11/2008
The taxman starts the search for hidden offshore bank accounts
Financial Time (Free subscription) | 27/11/2008
UBS's tacit admissions that 'a limited number' of tax fraud cases had been discovered among the roughly 19,000 US citizens who held offshore accounts with the bank's Geneva, Zurich and Lugano offices suggested a settlement with the US authorities in their long-running investigations into alleged tax evasion may be on the horizon
Rocky Mount Telegram - Business (Free subscription) | 28/11/2008
The United States Justice Department has argued that UBS, a huge bank based in Zurich that has extensive operations in the United States, helped as many as 17,000 of its American clients evade $300 million a year in taxes through hidden offshore accounts. Mr. Kurer’s remarks contained no specifics about whether he disputed the American estimate, nor did he clarify what number of fraud...
Seattle Post-Intelligencer (Free subscription) | 28/11/2008
... helped as many as 17,000 of its American clients evade $300 million a year in taxes through hidden offshore accounts.Kurer's remarks contained no specifics about whether he disputed the U.S. estimate, nor did he clarify what number of fraud cases he would regard as "limited."Raoul Weil, who oversaw UBS' lucrative cross-border private banking operations until 2007, was indicted this...
Seattle Times (Free subscription) | 26/11/2008
... was charged with conspiracy and tax evasion involving about $5.5 million in income stashed in offshore accounts. He pleaded not guilty and is free on a $10 million bond.- Kristi Yamaguchi: The 37-year-old figure skater became the first woman to win "Dancing with the Stars" since Monaco won the show's first season. After beating NFL player Jason Taylor and actor Cristian de la Fuente...
Miami Herald (Free subscription) | 26/11/2008
... was charged with conspiracy and tax evasion involving about $5.5 million in income stashed in offshore accounts. He pleaded not guilty and is free on a $10 million bond.- Kristi Yamaguchi: The 37-year-old figure skater became the first woman to win "Dancing with the Stars" since Monaco won the show's first season. After beating NFL player Jason Taylor and actor Cristian de la Fuente...
