UBS, Switzerland's largest bank, agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of LIBOR, a key global interest rate. That makes UBS the second bank, after Britain's Barclays, to settle over the rate-rigging scandal.
Mitt Romney's Swiss bank account is back in the news, and Americans are wondering why he has money in the famous tax haven. But if "Swiss bank account" makes you think of criminals, secret agents and tax dodgers, your ideas are more fiction than fact.
While the pundits debated the vices and virtues of Mitt Romney's and Newt Gingrich's tax returns, the folks at Kiplinger were scouring them for ideas that could help you. Even if you'll never have a Swiss bank account or own complex foreign assets, these dozen moves could help you lower your IRS bill.