The names and bank details of up to 500,000 wealthy Britons holding money in offshore saving accounts will be passed to HM Revenue and Customs after the tax authority won an important court ruling yesterday. The Special Commissioners, the UK’s top tax court, ordered more than 300 UK and foreign banks to hand over details…
Tag: taxes
UBS tax settlement delayed
The U.S. and Switzerland need at least five more days to negotiate settlement of a Justice Department lawsuit against UBS AG seeking the names of Americans suspected of evading taxes through 52,000 secret Swiss accounts. U.S. District Judge Alan Gold in Miami today agreed to a request by Justice Department attorney Stuart Gibson to reschedule…