Financial Regulatory Forum

German state ready to buy stolen bank data-source

February 4, 2010

BERLIN, Feb 4 (Reuters) – Germany’s most populous state has made final checks on stolen bank data belonging to potential tax cheats and is ready to buy the information, a person familiar with the matter told Reuters on Thursday.

Italian tax amnesty seen best yet, estimated at 100 billion euros

December 4, 2009

Italy's Economy Minister Giulio Tremonti attends a signing of government and commercial agreements between Italy and Turkmenistan at the Chigi Palace in Rome November 25, 2009. By Ian Simpson and Lisa Jucca

MILAN/ZURICH, Dec 4 (Reuters) – Italy’s tax amnesty is set to be the country’s most successful yet with a carrot-and-stick approach resulting in the return of more than 100 billion euros ($151 billion) stashed abroad, analysts estimated.

Swiss would sign Italy tax treaty if off blacklist

November 5, 2009

ROME, Nov 5 (Reuters) – Switzerland’s Economy Minister Doris Leuthard, visiting Rome on Thursday in the midst of a dispute over tax policies, said her country was willing to sign a double taxation treaty with Italy but only if it was removed from a blacklist of tax havens.

7,500 offshore tax evaders come clean – chief

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.

UBS to disclose U.S. bank details, others face scrutiny

August 19, 2009

SWITZERLAND/ By Jason Rhodes and Kim Dixon
BERNE/WASHINGTON, Aug 19 (Reuters) – Switzerland will hand over details of about 4,450 UBS bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday.

No deal yet in UBS tax case, trial to proceed, U.S. says

July 29, 2009

MIAMI, July 29 (Reuters) – The United States said on Wednesday no deal had been reached so far in talks with Swiss authorities to settle a tax evasion dispute and it expected a trial against Swiss bank UBS AG to go vahead as scheduled on Monday.