Swiss court blocks release of bank account data to US - News and Current Events | futures io social day trading
futures io futures trading


Swiss court blocks release of bank account data to US
Updated: Views / Replies:351 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Swiss court blocks release of bank account data to US

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Swiss court blocks release of bank account data to US

A top Swiss court has blocked the handover of information about a Credit Suisse client to US authorities.

The Federal Administrative Court said Switzerland's tax office could not hand over the data as the request was based solely on a suspicion of tax evasion.

US tax officials have, for years, been investigating US citizens that they suspect are using Swiss bank accounts to avoid paying tax.

These probes have caused political tension between Switzerland and the US.
The Swiss government is hoping that new legislation, under which Swiss authorities would provide more help in cases of tax evasion, will help end the dispute.

But the US has yet to approve that compromise.
In the meantime, US tax authorities are investigating 11 Swiss banks including Credit Suisse and Julius Baer.
In 2009, UBS, under pressure from the US, released the names of 4,500 clients and paid a fine.

In this latest ruling, the court said that the US Internal Revenue Service needed to present clear evidence of fraudulent intent when requesting information on account holders.


BBC News - Swiss court blocks release of bank account data to US

Reply With Quote

Reply



futures io > > > > Swiss court blocks release of bank account data to US

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Vatican bank image hurt as JP Morgan closes account kbit News and Current Events 0 March 19th, 2012 03:13 PM
U.S. demands names of Swiss bank staff kbit News and Current Events 0 January 8th, 2012 12:50 PM
Switzerland's Important Economic Data Release On Monday Quick Summary News and Current Events 0 November 5th, 2011 06:50 PM
Swiss National Bank Sets Exchange Rate Target Quick Summary News and Current Events 1 September 6th, 2011 10:12 AM
Spill Is Biggest Accidental Oil Release, New Data Show Quick Summary News and Current Events 0 August 3rd, 2010 03:00 AM


All times are GMT -4. The time now is 12:09 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.07 seconds with 19 queries on phoenix via your IP 54.90.92.204