The Government Accountability Office likes to point its finger at Luxembourg and the Cayman Islands for sheltering tax cheats. But according to the U....
McClatchy | Greg Gordon | Posted 11.01.2009 | Business
WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but n...
HuffingtonPost.com | Arthur Delaney | Posted 10.29.2009 | Business
When the Obama administration quietly shelved its proposal to raise $210 billion over 10 years by cracking down on U.S. companies that use overseas su...
Wall Street Journal | MARTIN VAUGHAN | Posted 10.27.2009 | Business
WASHINGTON -- A new Internal Revenue Service enforcement unit targeting the very wealthy will help the tax agency decode partnerships, offshore trusts...
Anna Schecter and Brian Ross | Posted 10.14.2009 | Business
Faced with a Thursday midnight deadline to avoid possible prosecution, more than 7,500 Americans have come clean about secret foreign bank accounts, a...
The Huffington Post | Arthur Delaney | Posted 10.13.2009 | Business
In May, President Obama announced a big initiative to raise $210 billion in tax revenue over the next ten years by cracking down on the use of tax hav...
The Huffington Post | Arthur Delaney | Posted 10.07.2009 | Business
The U.S. Chamber of Commerce lobbied for the Senate Appropriations Committee to weaken a ban on government contracts with "inverted corporations," rep...
The Huffington Post | Arthur Delaney | Posted 10.06.2009 | Business
The U.S. Public Interest Research Group sent a letter Tuesday to members of a Senate appropriations subcommittee calling out a corporate tax haven loo...
Georges Ugeux | Posted 09.19.2009 | Politics
There is no winner when fundamental rule of law and customer loyalty are not respected. This will have major ramifications outside of Switzerland and the United States.
Marilyn Barrett | Posted 09.19.2009 | Business
While we Americans are rightfully angry with our banks, the Swiss must be furious with UBS for the havoc it has wrecked on their famous banking industry, which relied on secrecy for much of its success.
AP | STEPHEN OHLEMACHER | Posted 09.19.2009 | Business
WASHINGTON — The U.S. pulled back the veil on Switzerland's famed tradition of banking secrecy Wednesday, winning an agreement for banking giant...
Reuters | Tom Brown | Posted 09.18.2009 | Business
MIAMI (Reuters) - The United States is building criminal cases against more than 150 American clients of Swiss bank UBS as part of a crackdown on tax ...
Georges Ugeux | Posted 09.05.2009 | Business
European bank losses were as high as the U.S. They used the same compensation system, and their fragmented and ineffective regulatory system shares responsibility for the crisis.
Michael Likosky | Posted 08.20.2009 | Business
If the TARP banks are to be a main investment vehicle for the next stage of recovery -- as they should be, it is after all our money not theirs -- it is heartening to have Obama at the helm.
New York Times | LYNNLEY BROWNING | Posted 06.29.2009 | Business
Critics of the arrangement in Delaware say it cheats state governments out of money. Delaware, these people say, has created its own onshore Cayman Is...
Times Online | Roger Boyes | Posted 06.26.2009 | World
Switzerland, fed up with being portrayed as a tax-dodgers' paradise, is rebranding itself as a land of hunky half-naked peasants with waxed chests and...
Bloomberg | Ryan J. Donmoyer | Posted 06.05.2009 | Politics
President Barack Obama's plan to end tax breaks for U.S.-based multinational companies drew a skeptical response from fellow Democrats on Capitol Hill...
HuffingtonPost.com | Jason Linkins | Posted 06.04.2009 | Media
On this morning's Morning Joe, Erin Burnett reported on corporate tax havens, where American companies are stashing $700 billion in corporate wealth. ...
bloomberg.com | Ryan J. Donmoyer | Posted 06.04.2009 | Business
May 4 (Bloomberg) -- President Barack Obama will propose today to outlaw three offshore tax-avoidance techniques U.S. companies such as Caterpillar In...
HuffingtonPost.com | Arthur Delaney | Posted 05.15.2009 | Business
A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens (PDF). In a report rele...
Reuters | 1 Hr 17 Mins Ago | Posted 05.08.2009 | Business
PARIS (Reuters) -- The OECD said on Tuesday that the four countries on a tax haven blacklist, published as part of agreements at last week's G20 summi...
Paul Abrams | Posted 05.07.2009 | Politics
At least twice last week, CNBC publicly backed countries that shelter the income of US citizens from US taxes. According to CNBC's Larry Kudlow, these tax havens provide "tax competition."
Hale "Bonddad" Stewart | Posted 05.03.2009 | Business
The banking secrecy issue is incredibly important to the G-20 nations. What they need is a way to obtain compliance with their domestic anti-avoidance laws -- laws meant to prevent tax evasion.
Diane Francis | Posted 05.02.2009 | World
Sarkozy is right to demand international refereeing. The Anglo-Saxon model spawned excesses, crimes and a flight to the global regulatory vacuum that brought down the world's economic system.
AP | BRADLEY S. KLAPPER and ALEXANDER G. HIGGINS | Posted 04.13.2009 | Business
GENEVA — Switzerland's days as a safe haven for the world's tax evaders are numbered. Under pressure from the United States and other troubled ...
HuffingtonPost.com | Arthur Delaney | Posted 11.01.2009 | Business