Sunday, 22nd November 2009

 
  • From To

28 October 2009 - Press Briefing

Italian authorities raid Swiss banks in tax-evasion crackdown

The Guardia di Finanza, Italy’s financial police, and the Agenzia delle Entrate, the country’s tax authorities, on Tuesday raided 76 local branches of Swiss banks in a mounting crackdown on tax evasion that has led to friction between Bern and Rome, according to a report in the Financial Times.

The two agencies said that the move was aimed at ensuring the banks were offering “correct and timely information” to Italian officials.

Tags: Tax

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Lombard Odier hires from Coutts
  3. Comment: Prince William seals the ascent of hedge funds
  4. Citi Private Bank poaches senior Merrill executive
  5. How The Rich Are Different: Recession Hits Investment Psyche

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347