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UBS Group AG building in St. Gallen.UBS maintains strict banking secrecy practices which have been used to facilitate tax evasion. The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking ...
Bradley Charles Birkenfeld (born February 26, 1965) is an American private banker, Author of Lucifer's Banker, convicted felon, and whistleblower.During the mid- to late-2000s, he made a series of disclosures about UBS Group AG clients, in violation of Swiss banking secrecy laws, to the U.S. government alleging possible tax evasion.
On Her Majesty's Secret Service (1969): supervillain Ernst Stavro Blofeld (Telly Savalas) tells James Bond (George Lazenby) that unless a large sum of money is deposited into a Swiss bank account, a bomb will detonate and kill thousands of people. [164] Mentions of Swiss banking in the James Bond novels have been viewed as "reinforcing a ...
Swiss bank UBS (UBS) may not have to turn over the names of 4,450 of its accountholders to the IRS because a Swiss court ruled Tuesday that simply failing to file an American W-9 does not ...
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When opening a Swiss bank account, Americans have to file an FBAR form with the IRS that discloses the assets. Back when the "international man of mystery" concept of the Swiss bank account holder ...
Enforcing IRS summonses for records of corporate tax shelters; Attacking the use of foreign bank accounts to evade taxes Enforcing IRS summonses for records of offshore credit card transactions; Initiating criminal investigations of suspects in offshore tax evasion cases; Combating schemes that cheat the IRS through abuse of the bankruptcy system
It was the first non-American bank to plead guilty to tax evasion charges in the United States. [19] Although it paid millions in fines, a lawyer involved in previous prosecutions of Swiss banks noted, "It is unclear whether the bank was required to turn over American client names who held secret Swiss bank accounts." [20]