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Billionaire Buffett defends proposed tax rate change

Last Updated: Thursday, January 26, 2012, 09:38

Increasing taxes on the wealthy would bring fairness to U.S. taxpayers across the board, billionaire investor Warren Buffett said on Wednesday, backing the tax reform that President Barack Obama proposed in his State of the Union address.

US charges 3 Swiss bankers in tax evasion case

Last Updated: Wednesday, January 04, 2012, 09:53

Prosecutors accused three Swiss bankers on Tuesday of conspiring with wealthy US taxpayers to hide more than USD 1.2 billion in assets from tax authorities, and sources briefed on the matter said the three worked for Wegelin & Co, one of Switzerland's oldest private banks.

HSBC India unit client charged with US tax evasion

Last Updated: Friday, November 18, 2011, 13:03

A San Jose, California, man faces charges of tax evasion after failing to report USD 1.3 million in interest income from HSBC Holdings Plc's India unit, US prosecutors said on Thursday.

Swiss, US close to tax deal: reports

Last Updated: Saturday, September 17, 2011, 18:40

Switzerland and the United States were Saturday close to a deal to end a tax evasion dispute over undeclared assets held by US taxpayers in Swiss banks, local media reported.

Obama signs bill to boost US tourism promotion

Last Updated: Friday, March 05, 2010, 09:27

Looking for an edge in the global war for tourism dollars, US President Barack Obama has signed into law moves to attract more overseas travellers.