Financial Regulatory Forum

U.S. seen extending homebuyer tax credit soon

By Reuters Staff
October 26, 2009

A vacant lot owned by Toll Brothers is shown for sale in a housing development in Broomfield, Colorado August 12, 2009. REUTERS/Rick Wilking (UNITED STATES BUSINESS)  By Steve Holland and Corbett B. Daly
WASHINGTON, Oct 26 (Reuters) – The U.S. Senate is expected to act later this week to extend a popular tax credit for first-time homebuyers that is scheduled to expire at the end of next month, Sen. Bill Nelson said on Monday.

7,500 offshore tax evaders come clean – U.S.tax chief

By Reuters Staff
October 14, 2009

U.S. Internal Revenue Service (IRS) Commissioner Douglas Shulman speaks during an interview with Reuters at his office in Washington October 8, 2009. To match interview TAX-OFFSHORE/        REUTERS/Hyungwon Kang  (UNITED STATES CRIME LAW BUSINESS POLITICS) WASHINGTON, Oct 14 (Reuters) – Thousands of wealthy Americans have volunteered information about unreported income hidden in overseas accounts ahead of the deadline for a U.S. government tax amnesty program, the U.S. tax commissioner said on Wednesday.

U.S. extends tax amnesty deadline to October 15

By Reuters Staff
September 21, 2009

The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich July 1, 2009. By Kim Dixon

WASHINGTON (Reuters) – U.S. authorities will extend an amnesty program for taxpayers who have income hidden in offshore accounts by three weeks to October 15, citing pleas from tax professionals who say they could not handle the numbers of individuals rushing to take part.

UBS warns US clients as tax amnesty deadline nears

By Reuters Staff
September 18, 2009

The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich July 1, 2009. By Kim Dixon
WASHINGTON, Sept 18 (Reuters) – UBS AG has formally warned wealthy American clients that secret Swiss accounts may be revealed to U.S. tax authorities after the Wednesday expiration of an amnesty program that could give them immunity from prosecution.

UBS tax deal may pave way for bank’s recovery

By Reuters Staff
August 18, 2009

By Jason Rhodes
ZURICH, Aug 18 (Reuters) – Details of a landmark settlement of the U.S. tax case against Swiss bank UBS are expected this week, which should help the bank restore its image and open the way for the Swiss state to sell its UBS stake. (more…)