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Tuesday, August 18, 2009

150 Being Investigating for Concealing Assets

by taxnick on August 18, 2009

More than 150 UBS AG clients in the U.S. are under investigation for concealing income and assets offshore at the bank, a prosecutor said in a court filing.
The scope of the investigation was disclosed today in a memo recommending that former UBS banker Bradley Birkenfeld serve 30 months in prison for conspiring to help wealthy [...]

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PA Tax Relief Delay Leading to Layoffs

by taxnick on August 18, 2009

Mayor of Philadelphia said he would lay off 12 city workers, delay a class of police cadets and cut back hours at the 3-1-1 non-emergency call center to deal with a $20 million budget shortfall.
Nutter said the cuts, which take effect at the end of the month, are due to a delay in getting state [...]

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