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Swiss Bank Wegelin Charged With Helping U.S. Clients Evade Taxes
Friday, 03 February 2012
Wegelin & Co., the 270-year-old private bank, became the first Swiss lender to face criminal charges in a broadening U.S. crackdown on offshore firms suspected of helping Americans evade taxes.
 
Buffett Tax On Wealthy Backed By Millionaires If They're Exempt
Tuesday, 17 January 2012
Millionaires said they support Warren Buffett's view that the wealthiest should pay more in taxes, as long as it's other rich Americans, according to a survey released today.

 
IRS Gives U.S. Citizens Chance To Come Clean
Wednesday, 11 January 2012
The Internal Revenue Service is giving U.S. citizens who have shielded assets offshore a third opportunity to come clean, pay a penalty and avoid criminal prosecution.
 
IRS Reopens Voluntary Disclosure Program For Offshore Assets
Monday, 09 January 2012
The U.S. Internal Revenue Service is reopening a program that allows citizens to voluntarily disclose assets they are holding offshore.
 
IRS Audited Record 12.5% Of Millionaires In Fiscal 2011
Friday, 06 January 2012
The IRS said it audited 12.48 percent of individual tax returns with income exceeding $1 million during fiscal 2011, a high reached at a time of debate over the taxation of top earners.
 
Family Offices Deal With Client Security Issues
By Karen DeMasters - Friday, 06 January 2012
Single-family offices have become more involved in helping their clients deal with security issues, according to a new survey.
 
Wegelin Bankers Said To Be Charged In Tax Crackdown
Wednesday, 04 January 2012
Switzerland’s Wegelin & Co. said three bankers were charged with conspiring to help U.S. clients hide more than $1.2 billion from American tax authorities.
 
Harold Steinbrenner Sued For $670,494 In Taxes
Thursday, 29 December 2011
New York Yankees co-owner and managing partner Harold Steinbrenner was sued by the U.S. Justice Department over an “erroneous” $670,494 tax refund he received in 2009.
 
NY Senate Approves Tax Hike On Wealthy
Thursday, 08 December 2011
The New York Senate approved Governor Andrew Cuomo’s plan to raise tax rates on the wealthiest residents and cutting them for millions of married couples earning less than $300,000 a year.
 
Republicans Seek Federal Job Cuts In Rebuttal to Millionaire Tax
Thursday, 01 December 2011
Senate Republicans want to cover the cost of extending a payroll tax cut by freezing federal workers’ pay through 2015 and reducing the federal civilian workforce by 10 percent.
 
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Federal regulations placing more restrictions on the operation of single-family offices is going to prompt more ultra-high-net-worth families to consolidate or restrict their offices, said Joe Calabrese, CEO of Harris myCFO.
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HighTower has brought on a new partner from Morgan Stanley Smith Barney, where he headed a team that managed about $2.5 billion. 
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Financial advisors who want to succeed with women clients need to treat them as individuals, not as a group, according to a new study by the Family Wealth Advisors Council.
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