International Business Law Advisor Insights on International Litigation & Transactions

Tag Archives: Tax

Switzerland and United States Reach Landmark Agreement in UBS Tax Case

By Santiago A. Cueto on Posted in Business Transactions, Corporate Governance, International Banking, International Litigation

Swiss Parliament Must Still Approve Amended Protocol The CBS news magazine 60 Minutes featured a story on January 3, 2010 concerning the tax controversy between Switzerland and the United States over Switzerland’s secretive banking industry. At the time, it appeared there would be no end in sight to the impasse. 60 Minutes: A Crack in… Continue Reading

The Ultimate Hidden Fee: U.S. Based Multinational Companies Face $122 Billion Tax Burden Under Proposed Bill

By Santiago A. Cueto on Posted in Business Transactions, Corporate Governance, International Investments, Random Thoughts and Observations

And Why Relocating to Switzerland May be the Best Corporate Strategy There’s nothing more annoying than finding hidden fees buried deep inside obtuse and mangled contract language. The only thing worse than finding hidden fees is learning about these punishing provisions from someone else—after you’ve signed the agreement.  If you thought hidden fees provisions were… Continue Reading

UBS Strikes Deal in U.S. Tax Case: The End of Switzerland’s Bank Secrecy Rules a Boon to Singapore Banking?

By Santiago A. Cueto on Posted in International Banking

On August 3, 2009, UBS reached a deal with U.S. authorities to turn over the names of 5,000 U.S clients holding secret Swiss bank accounts. Although this amounts to a mere 10 percent of the names Washington was after, the controversy surrounding Switzerland and UBS will continue to swell. The pressure on Switzerland and UBS… Continue Reading