EveryJoe » UBS http://www.everyjoe.com Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Wed, 25 Nov 2009 02:28:44 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Report Exposes UBS Accountholders http://www.everyjoe.com/articles/report-exposes-ubs-accountholders/ http://www.everyjoe.com/articles/report-exposes-ubs-accountholders/#comments Mon, 24 Aug 2009 03:11:08 +0000 Mark Ellis http://www.bizzia.com/?p=36620 Post from: EveryJoe

Report Exposes UBS Accountholders

]]> Contrary to what several people have claimed following the unveiling of a deal between the IRS and Swiss tax haven UBS, the bank has released a report stating that the American accountholders in UBS were certainly “not just harmless victims.” In actuality, UBS has stated that its accountholders were well aware of what they were perpetrating.
 
UBS also stated that any legal cases brought on against any of its bankers has not and will not affect the bank in any way. Switzerland has long held its bank secrecy as one of the crown jewels of its economic system, but the acceptance of the deal between it and the United States has finally resolved the issue of tax avoidance due to such secrecy.
 
According to UBS, the employees that were involved in helping foreign accountholders to evade their taxes have been fired, and UBS now expects things to change dramatically as a result of its American deal. The bank now expects significant competition from the rest of the world due to its loss of one its main draws for international depositors.

Image: Flickr

Image: Flickr

Post from: EveryJoe

Report Exposes UBS Accountholders

]]> http://www.everyjoe.com/articles/report-exposes-ubs-accountholders/feed/ 1 Switzerland Asks US to Drop UBS Case http://www.everyjoe.com/articles/switzerland-asks-us-to-drop-ubs-case/ http://www.everyjoe.com/articles/switzerland-asks-us-to-drop-ubs-case/#comments Mon, 27 Apr 2009 02:04:20 +0000 Allison Boyer http://www.bizzia.com/?p=23458 Post from: EveryJoe

Switzerland Asks US to Drop UBS Case

]]> Switzerland’s president, hand-Rudolf Merz has asked United States officials to drop a lawsuit that’s seeking to make Swiss bank USB to turn over information about 52,000 of its American clients. Under Swiss law, disclosing bank client names is a criminal offense. The Justice Department wants the names because of suspected tax evasion.

Swiss officials instead hope to negotiate new tax laws that would fix current United States tax problems in the future. Swizterland and the United States hope to begin negotiating a new treaty on Tuesday that would allow for information disclosure, since the current treaty from 1996 doesn’t require such disclosures.

Image: sxc.hu

Image: sxc.hu

The Justice Department has said, however, that it is not going to drop the case against UBS and the Americans using it. However, Swiss officials have said that a new treaty may “fall apart” unless the UBS case is dropped.

Post from: EveryJoe

Switzerland Asks US to Drop UBS Case

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