Feb 15 HSBC publishes apology for tax dodge scandal By Daniel Costa-Roberts Britain’s largest bank, HSBC, published a full-page apology letter in several U.K. newspapers Sunday, following allegations that the company’s Swiss private banking arm helped clients dodge taxes and conceal millions of dollars of assets. Continue reading
May 20 Watch Will Justice Department’s crackdown on Credit Suisse lead to more bank prosecutions? By PBS News Hour Continue watching
May 20 DOJ: Credit Suisse guilty plea a warning to foreign banks that aid in U.S. tax evasion By Marcy Gordon, Eric Tucker, Associated Press WASHINGTON — Credit Suisse AG's guilty plea and $2.6 billion payment in a high-profile case brought by the Justice Department are being held out as a warning to foreign banks believed to be helping U.S. taxpayers conceal assets. Continue reading
May 19 Watch News Wrap: Credit Suisse enters plea deal in tax evasion case By PBS News Hour In our news wrap Monday, banking giant Credit Suisse admitted to helping wealthy Americans dodge taxes as part of a federal plea deal. The bank will pay $2.8 billion in penalties. Also, the Balkans suffered the worst flooding in more… Continue watching
Feb 26 Watch Swiss banking giant refuses disclosure in Senate grilling on tax evasion By PBS News Hour Continue watching
Oct 15 Watch IRS Ends Amnesty for Use of Overseas Tax Havens In an interview with Jeffrey Brown, IRS Commissioner Doug Shulman discusses the agency's efforts to close overseas tax shelters. Continue watching
Aug 19 UBS to Surrender 4,450 Client Names to IRS UBS AG, Switzerland's largest bank, will provide the names of some 4,450 account holders to the U.S. Internal Revenue Service as part of a tax-evasion settlement reached between the two countries' governments. Continue reading
Aug 19 Watch IRS Deal Pierces Veil of Swiss Banking Secrecy A New York Times reporter assesses the impact of Swiss banking giant UBS agreeing to give the U.S. Internal Revenue Service names of some account holders. Continue watching
Apr 19 Watch Government Estimates $290 Billion in Missing Tax Revenue The government continues to grapple with an estimated $290 billion gap between the amount of tax revenue it is supposed to receive and what it actually collects. Tax experts explain why the gap exists and what should be done to… Continue watching
Nov 23 Chile’s Pinochet Charged With Tax Evasion By PBS News Hour Former Chilean dictator Gen. Augusto Pinochet was put under house arrest and charged with evading taxes on $26 million related to his overseas accounts, state television said Wednesday. Continue reading