swiss

In a bid to promote a more polished image, Swiss-banking giant UBS is giving employees a 43-page guide that advises them on how to dress to impress when dealing with clients, in extreme detail. Do: Wear jackets buttoned. Don't: Let underwear be seen.

More than two years after beginning the acquisition process, Swiss pharmaceutical Novartis said Thursday that it had completed the purchase of a 77% stake in U.S. eye-care company Alcon from food giant Nestlé, paying $28.3 billion for the remaining 52% of Alcon that Nestlé owned.

Swiss bank UBS may not have to turn over the names of 4,450 clients to the IRS after a Swiss court ruled that failing to file an U.S. W-9 isn't tax fraud. But the threat alone may have gotten the IRS a bigger prize: Data from the thousands of delinquent taxpayers who came forward during the recent tax amnesty.

If you've secretly been holding money offshore and haven't reported it on your taxes, you must do so by Thursday, Oct. 15. That's when the IRS ends its current tax amnesty program, so if you wait any longer, you could face huge fines and jail time. Furthermore, UBS (UBS), Switzerland's largest...

If you've been hiding funds in offshore accounts, you now have until Oct. 15 to apply to the IRS for amnesty and avoid stiffer penalties. That's an additional 22 days from the original deadline of Sept. 23. So far, the amnesty program in 2009 has enticed 3,000 taxpayers to voluntarily admit they...

Swiss banking giant UBS finally reached a deal today with the Internal Revenue Service to turn over the names of more than 4,000 U.S. citizens: allegedly, the worst offenders in tax-evasion schemes to use Swiss bank accounts to hide. At some point, those accounts held over $18 billion, according...

Switzerland may be ready to find middle ground on the issue of turning over names of UBS (UBS) banking clients to the IRS. Its seven-member cabinet plans to convene a meeting today to discuss UBS's settlement talks with the IRS, which analysts think means Switzerland is close to agreeing to U.S....

The ongoing saga of UBS vs. the IRS has resulted in what looks like a win for the Internal Revenue Service, even if it doesn't get any more names from UBS (UBS). Swiss banks have frozen out U.S. clients, so Switzerland will no longer be a tax haven for the wealthy who used Swiss secrecy to avoid...

In answer to a lawsuit filed by the U.S. in federal court in Miami, UBS said it would not reveal the names of 52,000 American customers because that would require the bank to break Swiss law. UBS (UBS) told the court the U.S. lawsuit tramples on Swiss sovereignty by trying to enforce summonses from...

Lawsuits and allegations are flying back and forth across the Atlantic Ocean as the IRS tries to find unpaid taxes and UBS (UBS) hides behind Swiss secrecy laws that refuse to help. But, UBS is part of the IRS Qualified Intermediary program, which requires UBS to withhold taxes. Under that program,...