en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
5 Minutes Offshore
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
HUF 0.0036
GBP 1.311
CHF 1.0067
RUB 0.0152
HKD 0.1276
JPY 0.0089
CNY 0.1443
CAD 0.7709
AUD 0.7122
BRL 0.2676
EUR 1.153

Short news and ideas

USA: 104 million dollar reward for the UBS whistle-blower


The US tax authority (IRS) paid a reward of 104 million dollars to Bradley Birkenfeld, the banker who provided information on the UBS bank’s American clients. Birkenfeld provided the American authorities with internal banking information which would have been impossible to discover from outside. Following the “whistle-blower’s” actions, UBS paid the USA a fine of 780 million dollars. He revealed the foreign banking relations and details of bank accounts opened in offshore jurisdictions of 35 000 American taxpayers. As a result so far the USA has collected 5 billion dollars in additional taxes. The Americans put considerable pressure on the Swiss government, and consequently the Swiss handed over the details of a further 4 900 American taxpayers. The two countries are also renegotiating the terms of their existing agreement for the avoidance of double taxation.

Related jurisdictions:
Washington DC - LLC