![]() ![]() The agreement onĭisclosure of customer names came in August, after long negotiations involvingĭisclose the name of clients without breaking Swiss bank secrecy law. ![]() Help tax evasion, paying a fine of 780 million dollars. The settlement with UBS in August to reveal the identities of some 4,450 of itsįebruary accepted a "deferred prosecution agreement," admitting to efforts to ![]() To requests from some taxpayers seeking more time to gather necessaryĪre moving to crack down on overseas accounts for tax evasion, as highlighted by The program was offered to holders of offshore accounts anywhere in the world.Īmnesty was September 23, but officials extended that to October 15 in response The account holder who came forward had accounts with UBS or other Swiss banks. In the Swiss government, for this achievement." WeĬongratulate the IRS and the Department's Tax Division, as well as our partners Revenue Service, the country's tax collector.Ĭlosely with the IRS and our international partners to ensure that our tax lawsĪre enforced fully and fairly, and that the rule of law is vindicated. Taxpayers is clear: the era of bank secrecy and hidden assets is over," DeputyĪttorney General David Ogden said in announcing the results with the Internal Prosecution, according to tax lawyers and analysts. ![]() Voluntary disclosures from owners of accounts seeking to avoid criminal Moves by US officials in the UBS case suggested that authorities would beĪctively seeking to prosecute holders of offshore accounts at UBS, and otherīanks in Switzerland and around the world used as tax havens. Has "successfully prosecuted" six US customers of UBS resulting from the bank'sĭisclosures, "and is conducting investigations of dozens of other UBS Pay back taxes on the accounts with reduced civil penalties, and in most cases a Owners were given a deadline to make a voluntary disclosure, enabling them to The rush of voluntary disclosures came in response to an offer announced earlier this year by US officials after having reached a settlement with Swiss banking giant UBS to reveal thousands of names of American clients. Have come forward to settle back taxes in response to an amnesty offer, US More than 14,700 Americans with previously undisclosed offshore bank accounts ![]()
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