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Results: 1-10 of 23

Switzerland responds to Wegelin indictment and DOJ’s relentless pursuit of offshore bank account information

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • Switzerland, USA
  • -
  • March 19 2012

On February 2, 2012, Wegelin & Co., Switzerland’s oldest private bank, became the first overseas bank to be indicted by the United States for aiding tax fraudbut it may not be the last

IRS announces settlement agreement between Switzerland and the U.S. (IR-2009-75)

  • Alston & Bird LLP
  • -
  • Switzerland, USA
  • -
  • September 16 2009

On August 19, 2009, the Internal Revenue Service (IRS) and the Justice Department announced that they had reached an agreement with UBS AG (UBS) regarding the IRS John Doe summons to obtain approximately 4,450 names of U.S. taxpayers with accounts in UBS

FATCA implementation in Switzerland a general overview

  • FRORIEP
  • -
  • Switzerland, USA
  • -
  • April 30 2013

On 18 March 2010, the U.S. Hiring Incentives to Restore Employment Act of 2010 (known as the Hire Act) amended the U.S. Internal Revenue Code of 1986

U.S. and Swiss bank agreementan agreement worth billions

  • Wilk Auslander LLP
  • -
  • Switzerland, USA
  • -
  • September 3 2013

On August 29, 2013, the U.S. and Switzerland issued an historic Joint Statement regarding Swiss banks and U.S. tax evasion investigations and

IRS continues pursuit of taxpayers with foreign bank accounts

  • Arnall Golden Gregory LLP
  • -
  • Switzerland, USA
  • -
  • March 6 2014

Approximately 100 Swiss banks have agreed to participate in the Department of Justice's Program for Non-Prosecution or Non-Target Letters for Swiss

106 Swiss banks enroll in DOJ program; the clock is ticking for taxpayer amnesty on undeclared Swiss bank accounts

  • Blank Rome LLP
  • -
  • Switzerland, USA
  • -
  • January 27 2014

We have reported on the Justice Department's program offered to Swiss banks and targeted to identifying U.S. taxpayers that have not disclosed

Atlantic divide (please note this article was published in October 2013)

  • Bär & Karrer
  • -
  • Switzerland, USA
  • -
  • October 29 2013

A Swiss-US estate is particularly complex because of the differences between the inheritance and tax laws of Switzerland and those of the US

Close of landmark Swiss bank litigation marks the "beginning of a global offshore tax evasion probe"

  • Dykema Gossett PLLC
  • -
  • Switzerland, USA
  • -
  • November 18 2010

On Tuesday, November 16, 2010, after receiving more than 4,000 names of suspected tax evaders, Internal Revenue Service closed legal proceedings against UBS, a Swiss bank that the IRS alleged had assisted United States taxpayers in efforts to hide assets and income

DOJ program for Swiss banks can mean trouble for U.S. taxpayers with undisclosed offshore accounts

  • Greenberg Traurig LLP
  • -
  • Switzerland, USA
  • -
  • January 31 2014

A few days ago, it was reported that a full one-third of Swiss banks (some 106) sought to join the Department of Justice (DOJ) program which offers a

U.S. and Switzerland announce deal to end tax evasion dispute

  • Blank Rome LLP
  • -
  • Switzerland, USA
  • -
  • August 30 2013

The United States and Switzerland have announced a deal to end the long-running tax evasion dispute that has embroiled the Swiss banking industry