Tag Archives: tax havens


G8 Endorses Lecce Framework

June 15, 2009 : Permalink

West Palm Beach (HedgeCo.net) – G8 Finance Ministers announced their endorsement of a global regulatory framework for financial institutions worldwide, "We agreed to create a coherent framework which builds on work done by the IMF, World Bank, OECD, FSB, FATF, […]

AIG trustee aids offshore hedge funds

May 13, 2009 : Permalink

The battered insurance giant AIG returns to Capitol Hill Wednesday facing another frosty reception in Congress – where three AIG trustees appointed by the U.S. government will make their public debut amid growing skepticism over their role at the company. […]

US to work with Switzerland on tax secrecy

April 7, 2009 : Permalink

AFP – The United States and Switzerland will begin negotiations to amend their bilateral income tax treaty to provide for improved transparency, the US Treasury Department said Monday. The announcement came following Group of 20 pledges last week to clean […]

G20 Still To Agree On Treatment On Tax Havens: Diplomats

April 2, 2009 : Permalink

Dow Jones Deutschland – Leaders from the Group of 20 largest economies have yet to agree on how to deal with tax havens, including whether to spell out sanctions on financial centers that don’t share information. An official at a […]

UBS defies US demands on secret accounts

March 5, 2009 : Permalink

Breitbart.com – Banking giant UBS Wednesday defied pressure to name about 50,000 Americans holding secret bank accounts in Switzerland as the nation’s financial culture came under a withering fire. US senators accused bankers at crisis-wracked UBS of helping wealthy Americans […]

UBS, Stanford Propel Offshore Crackdown

February 25, 2009 : Permalink

New York (HedgeCo.Net) – A federal judge has set a July 13 hearing for UBS, in which they may be forced to disclose names associated with 52,000 secret Swiss bank accounts holding more than $14.8 billion in assets.  UBS continues […]

Europe’s leaders for checks on hedge funds, tax havens

February 23, 2009 : Permalink

Economic Times – European leaders meeting in Berlin on Sunday backed oversight of the world?s financial markets and products, including hedge funds, and urged that sanctions be drawn up to punish tax havens. A copy of the “chair’s summary” from […]

Curb on hedge funds likely as EU leaders back reforms

February 23, 2009 : Permalink

Independent – European leaders backed major reform of hedge funds yesterday as part of structural changes to help the world’s financial institutions emerge stronger from the global economic crisis. Short-selling by the secretive hedge fund industry — selling borrowed stock […]

Europe pledges more funds for IMF

February 23, 2009 : Permalink

Boston Globe – The leaders of Germany, Britain, France, and Italy yesterday said that the resources of the International Monetary Fund should be doubled, to $500 billion, to help head off new problems in countries already hit hard by the […]