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Friday, August 21, 2009

Excerpt from: Informant in UBS Tax Evasion Case Sentenced to 40 Months in Prison
If not for banker Bradley Birkenfeld, “a massive tax fraud scheme” by Switzerland’s UBS bank to hide the assets of wealthy Americans from U.S. tax collectors would never have been uncovered, prosecutors told a Fort Lauderdale, Fla., federal judge.
Birkenfeld’s attorney said his [...]

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A little-publicized ruling in a recent case involving the Internal Revenue Service is causing lawyers for big companies some sleepless nights the WSJ reports.
Last week, in a widely anticipated ruling, a federal appeals court in Boston said the IRS could gain access to documents created by a defense-contracting firm to determine whether the company’s calculation [...]

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