IRS Drops Tax Case Against UBS and Swiss Government
The IRS has stopped its investigation into tax evaders holding money in UBS accounts after reaching a settlement with the bank and the Swiss government.
The IRS has stopped its investigation into tax evaders holding money in UBS accounts after reaching a settlement with the bank and the Swiss government.
Swiss bank accounts aren't so great for hiding assets anymore. Swiss lawmakers have approved a treaty allowing the release of American clients' account information to U.S. authorities. But will Uncle Sam find enough to nab alleged U.S. tax cheaters?
Wealthy U.S. tax dodgers may be sitting on edge after the Swiss parliament reluctantly approved a treaty with the United States Tuesday under which Switzerland would hand over the names of thousands of suspected U.S. tax cheats to the IRS, according to an Associated Press report.

