Tearing a hole in the veil of secrecy surrounding Swiss banking, UBS agreed on Wednesday to pay $780 million to settle federal claims that it helped wealthy Americans evade taxes and to disclose the names of up to 19,000 clients. Under the agreement, the bank will not have to pay additional fines and penalties that could have brought its deal to more than $1 billion....
Holders of offshore bank accounts face deadline
The Business Review
The Business Review
Thousands of U.S. residents and hundreds of corporations and trusts face an imminent deadline set by the federal government to disclose any bank or securities account in a foreign country or face hefty fines. The...
GulfMark Offshore says CFO retiring
Offshore Shipping Online
Offshore Shipping Online
- GulfMark Offshore has announced that its chief financial officer,...
HealthSouth Corp. accuses ex-CEO Scrushy of hiding money in offshore bank accounts
Hartford Courant
Hartford Courant
BIRMINGHAM, Ala. (AP) — Corp. is accusing fired chief executive Richard Scrushy of hiding money in offshore bank accounts and...
Report Refutes Opposition's Claims Regarding Legislation to Prevent Loss of U.S. Tax Revenues to Offshore ...
Insurance Newsnet
Insurance Newsnet
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