PRIVACY

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France says will keep using stolen Swiss bank tax data

France will continue to use data stolen from a Geneva private bank in its drive against tax evasion, its budget minister said on Tuesday, a day after French officials agreed to return the client lists to Switzerland.

UBS won't sue former bosses on subprime, U.S. tax

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UBS AG will not sue its former bosses after risky bets on subprime mortgages and a strategy of helping U.S. clients dodge taxes by hiding money in secret accounts brought the Swiss bank to its knees.

Supreme Court to hear text message privacy case

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The U.S. Supreme Court said on Monday it would decide whether privacy rights covered a worker's personal text message on employer-owned equipment, hearing a case about a police officer who sent sexually explicit messages from his department-issued pager.
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Mark Zuckerberg: Facebook to end Regional Networks

Facebook founder and chief executive Mark Zuckerberg sent an open letter to the sites 350 million users about the modifications that have been made to the privacy policies of the world's most popular social networking website.
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UBS threatens to move HQ from Switzerland: report

Swiss bank UBS is threatening to move its headquarters out of Switzerland if the authorities impose too many new regulations in the wake of the global financial crisis, Swiss weekly paper Sonntag CH said.
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Swiss suspect serious fraud among UBS clients

Most of the thousands of rich people whose UBS bank accounts are to be handed over to U.S. authorities are suspected of serious fraud rather than simple tax evasion, Swiss authorities revealed on Tuesday.
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UBS to hand over small amount of data: report

Swiss bank UBS may hand over only a small amount of bank data as part of a U.S. settlement because the Internal Revenue Service has succeeded in cracking down on tax evaders, a radio station reported.
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UK, Australia seek UBS data after U.S. tax case

Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a U.S. tax case, the bank confirmed on Sunday.
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Internet seen censorship liable to WTO challenge

Censorship of the Internet is open to challenge at the World Trade Organization as it can restrict trade in services delivered online, a forthcoming study says. A censorship case at the WTO could raise sovereignty issues, given the clear right of member states to restrict trade on moral grounds -- for example, by blocking access to child pornography websites.
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Ex-client of UBS gets house arrest for tax fraud

A former client of UBS AG who cooperated in a U.S. probe of the Swiss bank's ties with wealthy Americans hiding money overseas was sentenced to one year house arrest and a fine on Wednesday for a multimillion-dollar tax evasion scheme.
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U.S. seeks light sentence for UBS client in tax case

The U.S. government asked for a reduced sentence on Monday for a former American client of UBS AG who pleaded guilty to tax evasion but provided information leading to the indictment of a Swiss banker and a Zurich lawyer.

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