Second IRS Lawsuit Against UBS Filed as Settlement Ink Dries

The ink on the landmark settlement between the US government and UBS isn't even dry yet and the IRS has already filed another lawsuit asking for access to information about American Swiss bank account holders. The...

UBS Tax Deal Foreshadows Doom for Secret Swiss Bank Accounts

Switzerland is the largest offshore banking center in the world, managing nearly a third of an estimated $7 trillion of wealth.  Strict Swiss privacy laws have made that country's banks very appealing to...