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Last updated: 12:37:59 Friday Nov 6, 2009


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  • Another UBS client gets reduced tax fraud sentence
    FORT LAUDERDALE, Florida (Reuters) - A British-born Florida yacht broker and former client of Swiss bank UBS AG received a reduced, two-month prison sentence for tax fraud on Friday because he cooperated with a U.S. investigation into the bank.   Nations:U.S.   Activities:2009 US Foreign Tax Crackdown   Source:(Reuters)   2009-11-06

    Tax bill demands reporting by banks, rich
    WASHINGTON (Reuters) - U.S. Democrats aim to stop rich Americans from hiding assets offshore to evade taxes by slapping penalties on individuals and foreign banks, according to legislation introduced in the U.S. Congress on Tuesday.   People:Charles Rangel Max Baucus Barack Obama   Activities:111th Congress   Source:(Reuters)   2009-10-27

    U.S. seeks light sentence for UBS client in tax case
    MIAMI (Reuters) - The U.S. government asked for a reduced sentence on Monday for a former American client of UBS AG (UBSN.VX) who pleaded guilty to tax evasion but provided information leading to the indictment of a Swiss banker and a Zurich lawyer.   Nations:U.S. Switzerland   Source:(Reuters)   2009-10-26

    UBS to sell Paine Webber but not yet: report
    ZURICH (Reuters) - UBS AG's (UBS.N) (UBSN.VX) U.S. wealth management unit Paine Webber is not a core part of the bank's operations but will not be sold at present, UBS Chief Executive Oswald Gruebel was quoted saying in the FT.   Nations:Switzerland   Source:(Reuters)   2009-09-29

    US tax amnesty deadline on offshore accounts prompts rush
    WASHINGTON (AFP) - Americans with offshore bank accounts were scrambling ahead of an amnesty deadline Wednesday to square up back taxes and avoid a likely wave of prosecutions following a disclosure agreement with Swiss bank UBS.   Nations:U.S. Switzerland   Activities:Holocaust   Source:(AFP)   2009-09-20

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