Career News 24/7: Reuters Money: U.S. asks Liechtenstein for data in tax evasion probe

Thursday, March 28, 2013

Reuters Money: U.S. asks Liechtenstein for data in tax evasion probe

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03/28/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

U.S. asks Liechtenstein for data in tax evasion probe

ZURICH (Reuters) - United States prosecutors have asked Liechtenstein to hand over data on foundations and other financial vehicles as part of their investigation into tax evasion by wealthy Americans.

Relational supports Elliott nominees to Hess board

NEW YORK (Reuters) - Activist investment firm Relational Investors LLC plans to support a slate of directors nominated to Hess Corp's board by hedge fund Elliott Management, saying those nominees would assure greater accountability at the oil and gas company.

Wells Fargo says it has resolved debit card glitch

(Reuters) - Wells Fargo & Co said on Wednesday that customers had experienced problems early in the day using their debit cards but the "technical glitch" that prevented use of the cards had been fixed.

"Cyprus euro" a boon to U.S. dollar: James Saft

(Reuters) - One clear winner from Cyprus'S imposition of capital controls is the U.S. dollar, which stands to benefit from public and private flows after another round of damage to the euro's reserve currency status.

SAC's Cohen pays $60 million for Hamptons oceanfront home: NYT

(Reuters) - Steven A. Cohen, the hedge find titan who runs SAC Capital Advisors, agreed last week to buy an oceanfront home in East Hampton, New York for $60 million, the New York Times said, citing a person with direct knowledge of the sale.

U.S. court denies IRS petition to revive tax preparer rules

WASHINGTON (Reuters) - The U.S. Internal Revenue Service on Wednesday lost a request to prevent the partial shutdown of its tax return preparer regulatory program pending an appeal.

U.S. takes steps to ease burden on struggling homeowners

WASHINGTON (Reuters) - The top housing regulator said on Wednesday it will make it easier for struggling homeowners to lower monthly mortgage payments through a federal anti-foreclosure program.

China's CITIC Securities taps Goldman model to hedge on global future

SHANGHAI (Reuters) - Wang Dongming, chairman of China's biggest brokerage CITIC Securities Co Ltd, was so impressed by the Charles Ellis bestseller "The Making of Goldman Sachs" that he called for a Chinese translation and urged his employees to read it.

SEC to Boston judge: press release won't taint criminal trial

(Reuters) - The U.S. Securities and Exchange Commission on Tuesday defended a press release it had issued about its case against an investment adviser, after a Boston federal judge raised concerns that it could taint the adviser's upcoming separate criminal trial on a tax matter.

Supreme Court to weigh IRS penalties on alleged tax dodges

WASHINGTON (Reuters) - The U.S. Internal Revenue Service's practice of slapping steep, 40-percent penalties on participants in certain alleged tax shelters will soon come to trial before the Supreme Court.