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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

IRS voluntary disclosure program

  • Duane Morris LLP
  • -
  • Switzerland, USA
  • -
  • August 28 2009

On August 19, 2009, the Internal Revenue Service (IRS) and the U.S. Department of Justice announced a settlement agreement with UBS regarding certain accounts held at the bank by U.S. persons

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

Update on offshore bank secrecy directives by the United States and the Internal Revenue Service : "mining the UBS lake" for US tax evaders

  • Fox Rothschild LLP
  • -
  • Switzerland, USA
  • -
  • August 17 2010

At the present time the good people of the Swiss Federal Tax Administration are sorting out which of the thousands of requested names of US persons and account numbers with UBS will be turned over to the United States shortly in accordance with the U.S.-Swiss agreement

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

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

Recent developments for the fourth quarter 2011

  • Baker & McKenzie
  • -
  • Canada, China, Denmark, European Union, France, Germany, Ireland, Italy, Japan, Netherlands, Switzerland, United Kingdom, USA
  • -
  • March 15 2012

The end of the year and beginning of a new year is always a busy time for us, as it is for most of our clients

Another catch-22 for Swiss accountholders

  • Morvillo Abramowitz Grand Iason & Anello PC
  • -
  • Switzerland, USA
  • -
  • January 12 2012

In recent months, at least one Swiss bank has sent letters notifying its U.S. customers that the Internal Revenue Service has submitted a request to the Swiss Federal Tax Administration (SFTA) seeking account records pursuant to a 1996 Convention between the United States and Switzerland

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

U.S. intensifies efforts to identify non-compliant taxpayers

  • Smith Gambrell & Russell LLP
  • -
  • Switzerland, USA
  • -
  • September 10 2013

The United States government continues its aggressive pursuit of taxpayers with unreported offshore income and assets as well as the institutions