tax evasion

Emilio Botín, the chairman of Banco Santander, and 11 of his relatives have become the subject of a huge investigation into tax evasion.

Swiss bank UBS AG on Tuesday posted its first annual profit since the global financial crisis erupted, despite softer-than-expected fourth quarter earnings, and said it had managed to stanch the rich customers' withdrawals that had plagued it since a high profile tax evasion scandal.

A former Swiss banker was on Monday due to hand over files to WikiLeaks which he alleges detail attempts by wealthy business leaders and lawmakers to evade tax payments.

July 7 -- Robert McKenzie, an attorney at Arnstein & Lehr in Chicago, talks with Bloomberg's Susan Li about the U.S. government's crackdown on offshore tax evasion.

Studies have estimated that the government may be losing as much as $30 billion a year to tax evasion — a figure that would have gone a long way to solving its debt problems.

Greek Finance Minister George Papaconstantinou says the country's tax system will be overhauled by early March to broaden the tax base, boost revenues and fight tax evasion as part of efforts to pull Greece out of an economic crisis.

Swiss bank UBS AG will inform American clients whether their bank accounts are among the 4,450 that will be revealed to the U.S.

Justice Department in a tax evasion investigation.

A former banker with Switzerland's UBS is sentenced to more than three years in prison after becoming a key government informant in an international tax evasion probe.

The United States is building criminal cases against more than 150 American clients of Swiss bank UBS as part of a crackdown on tax evasion now made easier by a deal over access to secret account information.

UBS will hand over some 4,450 names of U.S. account holders as part of a U.S.-Swiss tax-evasion settlement that could produce in total 10,000 account identities.