Warren Whitaker commented in a June 20 Bloomberg article on the recent rejection by the Swiss parliament of a bill that would have let Credit Suisse and Julius Baer strike agreements with the U.S. government in order to avoid indictment. The Swiss banks are under investigation for allegedly helping some U.S. citizens avoid the I.R.S. Warren says, "Some people in Switzerland are trying to hold on to the past strong value of secrecy no matter what." If reached, the individual agreements would require the banks to pay fines to the United States and give up client names. He continues, "The U.S. could take stronger steps. It could indict a lot of these banks and then come back to make an agreement."
The full article can be found here.
Day Pitney Advisory
Day Pitney LLP hosted its annual invitation-only Palm Beach Family Office Forum at the Eau Palm Beach.
Von Sanborn, Darren Wallace and Stephen Ziobrowski authored an article, "Key Tax Considerations For High Net Worth Family Offices," published in Law360.
Carl Merino presented a seminar on tax and estate planning for foreign nationals during the Jewish Community Federation and Endowment Fund's Annual Day of Philanthropy in San Francisco on November 7.
Stephen Ziobrowski, Andrew Wogman, Carl Merino, Aaron Kriss and Matthew Woodbury authored an article, "Check the Box Elections for Non-U.S. Business Entities," which was published in the Journal of International Tax, Trust and Corporate Planning.
Daniel Gottfried, chair of Day Pitney's International Transactions practice was quoted in an article, "Who Can You Trust in the Cryptocurrency Economy?," published by the Robb Report.
Day Pitney Press Release
Von Sanborn and David Silvian were quoted in an article, "You, Taxes and 2018: What to Expect from the Tax Bill," published in Private Asset Management magazine (PAM).
Peter Bilfield and Steven Gold were mentioned in an article, "Day Pitney Expands Investment Management and Private Equity Practices," published inThe Hedge Fund Law Report.
Peter Bilfield and Steven Gold were quoted in an article, "Day Pitney Lands 2 Corporate Finance Partners," published in Law360.