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Results: 1-10 of 28

Justice Department warns Swiss banks of impending deadline

  • Blank Rome LLP
  • -
  • Switzerland, USA
  • -
  • December 17 2013

The Justice Department has issued a press release "strongly encouraging" Swiss banks to participate in the program previously announced by the U

Voluntary disclosures lead to John DOE summonses for information about U.S. accounts at Zurcher Kantonalbank and Bank of Butterfield

  • Baker & Hostetler LLP
  • -
  • USA
  • -
  • November 14 2013

In a sign that the U.S. government continues to aggressively seek information on U.S. taxpayers with non-U.S. bank accounts, the government announced

New Justice Department-Swiss bank program announced

  • Morvillo Abramowitz Grand Iason & Anello PC
  • -
  • Switzerland, USA
  • -
  • October 28 2013

Since 2008, the Department of Justice and Internal Revenue Service have targeted the use of undisclosed offshore accounts to evade U.S. income taxes:

Beanie babies creator to plead guilty to hiding income in Swiss account

  • Baker & Hostetler LLP
  • -
  • USA
  • -
  • September 23 2013

Tax Analysts reports that H. Ty Warner, owner of Beanie Babies production company TY Inc., was charged yesterday with federal tax evasion for

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

Grand jury indicts Swiss lawyer and banker in tax evasion scheme

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 26 2013

A New York federal grand jury recently indicted a Swiss lawyer and bank executive for their roles in allegedly assisting US citizens with hiding

In Re: Grand Jury Subpoena, 5th Cir., No. 11-20750 (09212012)

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • November 15 2012

The Fifth Circuit Court of Appeals reversed the district court's denial of the government's motion to compel production of foreign bank account records required to be kept under Treasury Department regulations by the target of a grand jury investigation (the "witness"

What does the flap over Romney’s tax returns suggest about disclosure of his Swiss account?

  • Morvillo Abramowitz Grand Iason & Anello PC
  • -
  • USA
  • -
  • August 8 2012

As the “will he or won’t he” controversy continues to swirl around demands that Mitt Romney release multiple years of his federal income tax returns, some commentators have speculated that Governor Romney’s reluctance to produce those returns relates to his Swiss bank account

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

Out of sight isn’t out of (the IRS’s) mind: the expanding universe of foreign disclosure requirements

  • Baker Donelson Bearman Caldwell & Berkowitz PC
  • -
  • USA
  • -
  • July 27 2011

Taxpayers who fail to comply with U.S. income tax and foreign asset reporting requirements face draconian civil and criminal penalties, and enforcement of these requirements remains a priority for the IRS