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Tax-Evader Crackdown Spreads to Hong Kong

By Jason Farago, Newser Staff

Posted Aug 17, 2009 8:40 AM CDT

(Newser) – The IRS and Justice Department crackdown on UBS is widening, reports the Wall Street Journal, as new documents reveal the efforts the bank took to keep its clients' wealth away from the taxman. Two recent cases have relied on channeling millions to a Swiss account... Read full story »

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Money • Crime & Courts • World

IRS • Hong Kong • UBS • tax evasion • corporations • tax fraud • Swiss bank • bank secrecy

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(NEWSER) - UBS has banned managers who deal with foreign clients from traveling abroad, the Daily Telegraph reports. The Swiss bank, which has refused to give US investigators the names of 50,000 suspected tax dodgers, denied that the ban is to protect senior staff from American authorities. Analysts, however, see the move as a humiliating step for a firm that prides itself on a face-to-face approach. More»

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Tax-Evader Crackdown Spreads to Hong Kong

IRS • Hong Kong • UBS • tax evasion • corporations • tax fraud • Swiss bank • bank secrecy

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