In the News

At a critical point in the intense U.S.-Swiss negotiations that took place this past summer to get the names of U.S. taxpayers who were part of a massive tax evasion program, things suddenly took a nasty turn. The U.S. Justice Department, frustrated for decades by Swiss efforts to foil any tampering with its bank secrecy […]

Jan. 8 (Bloomberg) — Bradley Birkenfeld, a key informant in the U.S. investigation of offshore tax evasion at UBS AG, began a 40-month prison term today at a federal facility in Minersville, Pennsylvania. Since Birkenfeld approached U.S. authorities about UBS’s practices in 2007, seven former UBS clients, including a billionaire real-estate developer, have pleaded guilty. […]

January 28, 2010 (Washington Post). Americans who hid money from the Internal Revenue Service in secret Swiss bank accounts may escape exposure, at least for now. An agreement between the U.S. and Swiss governments that was supposed to blow the cover on 4,450 accounts at Switzerland’s largest bank is in danger of collapse. The Swiss […]

A campaign is building in the United States to defend Bradley Birkenfeld, the former employee of Swiss bank UBS who has started serving a 40-month prison term. Birkenfeld blew the whistle on illegal practices by UBS, in which the bank helped Americans avoid paying taxes, but was himself sentenced after pleading guilty in 2008 to […]