August 21st, 2009
Chile's Undersecretary for Finance, Maria Olivia Recart, called on the Senate Thursday to pass a pending bill that would allow the national tax service to access Chileans' bank-account information and share it with other countries' tax authorities.
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August 21st, 2009
Read some of Friday's top stories below:
Swiss Prosecutor Probes Allegations of Govt Official Bribery
Wall Street Journal, August 21, 2009
UBS to Meet Canadian Tax Agency to Discuss Accounts, Globe Says
Bloomberg, August 21, 2009
Indictment in Tax Probe Shows Outsiders’ Alleged Use of UBS
Wall Street Journal, August 21, 2009
Ex-UBS banker faces sentencing in Florida
Associated Press, August 21, 2009
Swiss banking secrecy crackdown: Singapore next
Financial Post, August 21, 2009
...
August 20th, 2009
Wednesday’s agreement by Swiss bank UBS to divulge details of 4,450 accounts to the US Internal Revenue Service has put a crowbar into the door of Switzerland’s long tradition of bank secrecy. But it’s just a small opening. The amount of global wealth stashed in tax-haven nations is staggering and largely uncontrolled, financial experts say. Here’s a brief backgrounder:
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August 20th, 2009
The Economic and Financial Crimes Commission said in Abuja on Wednesday that the nation has lost over ?250 billion to frauds perpetrated by former governors, senior government officials and other Nigerians since the commission was established in 2003.
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