Financial Regulatory Forum

Canada presses UBS for details of account holders

UBS/TAX   By David Ljunggren and Andrea Hopkins
   OTTAWA/TORONTO, Sept 2 (Reuters) – Canadian government officials pressed representatives of Swiss bank UBS <UBSN.VX> <UBS.N> on Wednesday for details of Canadians who might be account holders, a spokeswoman for the Canada Revenue Agency said.
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New ruling party focuses on Japan economic woes

Democratic Party leader Yukio Hatoyama walks past his poster after speaking to reporters at the party headquarters in Tokyo September 1, 2009. Japan's Democratic Party, fresh from a landslide election victory, met the central bank governor and senior finance ministry bureaucrats on Tuesday as the transition to a new government stepped up a gear.   REUTERS/Toru Hanai (JAPAN POLITICS ELECTIONS) By Yoko Nishikawa and Hideyuki Sano
TOKYO, Sept 1 (Reuters) – Japan’s Democratic Party, fresh from a landslide election victory, discussed the country’s struggling economy with the central bank and finance ministry on Tuesday as the transition to a new government stepped up a gear.

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China to consider interest tax on traded govt bonds

china-finance-ministry    SHANGHAI, Aug 28 (Reuters) – The Chinese finance ministry will consider taxing interest income on traded government bonds, serveral sources close to the matter told Reuters.
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UK Treasury warns regulator off financial tax talk

BANKS-REGULATION/   By Kate Kelland and Huw Jones
   LONDON, Aug 27 (Reuters) – The UK Treasury and industry groups on Thursday poured cold water on support from the country’s top market regulator for a global tax to curb excessive bank bonuses.
   Financial Services Authority Chairman, Adair Turner, sparked industry ire after saying a “Tobin” style tax may be needed.
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UBS chair says clients ‘not harmless victims’-paper

UBS/TAX   ZURICH, Aug 23 (Reuters) – Clients of UBS facing disclosure of their accounts to U.S. tax authorities were not harmless victims, and legal cases against former UBS bankers did not affect the bank, its chairman told Swiss Sunday newspapers.
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UBS tax deal with U.S. seen as soon as Wednesday

UBS/TAX   By Jason Rhodes
   BERNE, Aug 19 (Reuters) – Details of a deal to settle a U.S. tax case against Swiss bank UBS AG could come as soon as Wednesday and could have far-reaching implications for other wealth managers.
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150 U.S. UBS clients may face criminal charges -NYT

UBS/TAX    Aug 14 (Reuters) – 150 American clients of UBS are likely to face criminal charges related to tax evasion in the United States, the New York Times reported, citing a person briefed on the matter.
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UBS, U.S. settle tax evasion case

SWITZERLAND/   By Pascal Fletcher and Lisa Jucca
   MIAMI/ZURICH Aug 12 (Reuters) – The days of secret bank accounts are numbered for Americans after UBS <UBSN.VX> <UBS.N> and the U.S. and Swiss governments agreed to settle a dispute over whether the Swiss bank should be forced to disclose the names of 52,000 rich U.S. clients suspected of tax evasion.
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Swiss in fresh push for UBS tax settlement

Swiss in fresh push for UBS tax settlement
UBS/TAX   By Lisa Jucca
   ZURICH, Aug 11 (Reuters) – Switzerland is striving to settle a long-running tax evasion dispute between UBS and the U.S. government that challenges Swiss banking secrecy before a key pre-trial conference on Wednesday.
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U.S. asks court for more time to reach tax deal with UBS

UBS/TAX MIAMI, Aug 7 (Reuters) – The U.S. government, citing difficulties in talks to hammer out a final settlement of its tax-evasion dispute Swiss bank UBS AG, asked a U.S. judge on Friday to delay a trial in the case set to begin on Monday. (more…)

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