NewsTrust - Switzerland - Most Recent Stories: News (Independent)

Oldest Swiss bank closes after US tax evasion guilty plea

Fri, 04 Jan 2013 00:00:00 -0800

rt.com - Jan. 04 (News) - Russia and the US are reportedly going to sign an account information sharing agreement by 2013. The step is expected to improve international tax compliance under the US Foreign Account Tax Compliance Act (FATCA). German prosecutors have launched an inv

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Mitt Romney Haunted By Tax Returns He Withheld

Tue, 06 Nov 2012 00:00:00 -0800

Huffington Post - By Zach Carter, Jason Cherkis; Ryan Grim - Nov. 06 (News Analysis) - “The thing that bothered me the most about his offshoring investments was not that he or his partners at Bain avoided paying taxes, but that they made it really easy for investors to cheat on their taxes,” said Rebecca Wilkins, senior counsel for federal tax policy at Citizens for Tax Justice. “If you wanted to cheat, Bain Capital just made it really easy for you.” Both Bain and Romney flirted with the edge of legality by using sham derivative transactions to mask investments in U.S. stocks, lowering their American tax burden. The IRS has been cracking down on this activity since 2010

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Greece arrests editor for 'Lagarde list' leak

Sun, 28 Oct 2012 00:00:00 -0700

aljazeera.com - Oct. 28 (News Report) - Greek police arrested the editor of a weekly magazine for publishing a list of more than 2,000 names of wealthy Greeks who have placed money in Swiss bank accounts, police said. The so-called "Lagarde List", which led to the arrest of editor Costas Vaxev

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Mitt Romney's 2010 Tax Disclosure Missing Key Documents

Wed, 18 Jul 2012 00:00:00 -0700

Huffington Post - By Zach Carter, Ryan Grim - Jul. 18 (News Report) - Mitt Romney has not released his full tax records from 2010, including key documentation connected to his Swiss bank account. ... But people who own foreign bank accounts are required to file a separate document with the IRS that provides additional details on such overseas bank holdings, and Romney has not released that form to the public.

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Grieving Father Struggles to Pay Dead Son’s Student Loans

Mon, 18 Jun 2012 00:00:00 -0700

Mother Jones - By Marian Wang - Jun. 18 (Investigative Report) - A few months after he buried his son, Francisco Reynoso began getting notices in the mail. Then the debt collectors came calling.

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Mitt Romney Tax Returns Released: Paid Just 13.9% Rate In 2010, Had Swiss Bank Account

Mon, 23 Jan 2012 00:00:00 -0800

Huffington Post - By Steve Holland, Kim Dixon - Jan. 23 (News Report) - Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $42.5 million in income over the years 2010 and 2011.

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Climate change legislation benefits the elite, not the people

Fri, 10 Sep 2010 00:00:00 -0700

Natural News - By Jonathan Benson - Sep. 10 (News) - The National Forestry Commission of Mexico in conjunction with the Swiss government recently held a conference to discuss the possibility of new, centralized climate change legislation. If enacted, the legislation will change the way Latin America governs its forests, and potentially set a precedent for how governments around the world manage their resources. But many at the conference expressed concerns that such legislation will end up benefiting a few wealthy elite while depriving local communities of their natural resources–all in the name of protecting the climate.

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Telling Swiss secrets: A banker's betrayal

Thu, 05 Aug 2010 00:00:00 -0700

GlobalPost - By Michael Bronner - Aug. 05 (Investigative Report) - It’s the inner sanctum of Swiss banking — the heavily-guarded nexus between numbered Swiss bank accounts and their owner’s good names — and it’s the rare American that is allowed entry. Bradley Birkenfeld was one of the few Americans who held the keys to the kingdom. A Boston-born, high-flying, cross-border banker at Switzerland’s premier financial institution, UBS, he had access to the kind of secret account information that American law enforcement had only dreamed of through all the decades that terrorists, dictators, arms dealers, mafia dons and wealthy tax cheats had hidden behind the fortress of secrecy that Swiss banking promised.

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