Financial Regulatory Forum

U.S. offshore tax amnesty yields big response – IRS

U.S. Internal Revenue Service (IRS) Commissioner Douglas Shulman speaks during an interview with Reuters at his office in Washington October 8, 2009. REUTERS/Hyungwon Kang By Kim Dixon
WASHINGTON, Nov 17 (Reuters) – Some 14,700 rich Americans worried about a U.S. government crackdown on offshore tax cheats came forward to participate in a tax amnesty program, the top U.S. tax official said on Tuesday.

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UBS warns US clients as tax amnesty deadline nears

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.

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U.S. deepens review of Yahoo, Microsoft deal

The headquarters of Yahoo Inc. is pictured in Sunnyvale, California, May 5, 2008. WASHINGTON, Sept 11 (Reuters) – U.S. antitrust regulators have requested more documents in their probe of Microsoft Corp’s deal to provide search engine technology to rival Yahoo Inc, the two companies said on Friday.  Microsoft and Yahoo confirmed that the Justice Department’s antitrust division had made a second request for documents, which indicates a decision to conduct a deeper review that could take months.

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