Probe puts Swiss bank back in Justice Department’s crosshairs after $2.6 billion settlement two years ago over American customers’ taxes authorities are investigating Credit Suisse Group AG’s operations in Israel, people familiar with the matter said, once again placing the Swiss bank under Justice Department scrutiny related to its handling of American clients. The Justice […]

Dozens of banks signed amnesty agreements disclosing tactics, providing prosecutors with valuable information At a rate of one or two a week, Swiss banks are doing what was once unthinkable: revealing to the world how they helped wealthy Americans cheat on their taxes. Once bastions of secrecy, 41 Swiss banks signed amnesty agreements this year […]

The U.S. Department of Justice Tax Division and the Internal Revenue Service have been ramping up an intense crackdown on offshore tax evasion, and the IRS’s reduced resources due to new budget cuts is having no effect on IRS enforcement initiatives in this area. The government’s reach has extended far beyond Switzerland, where it is […]