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.
Professional golfer, Tiger Woods, issued a statement Wednesday on his website about the current events apologizing for his behavior.
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.
Three years after Congress took action, financial companies are getting final rules for revealing what they do with their customers' personal information.
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.
Some 14,700 rich Americans worried about a U.S. government crackdown on offshore tax cheats came forward to participate in a tax amnesty program, the top U.S. tax official said on Tuesday.
Switzerland will hand over the names of wealthy U.S. clients of UBS suspected of tax evasion or fraud, to settle a bitter row that cut through bank secrecy and threatened to bring the bank to its knees.
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.
The Swiss government has commissioned two independent experts to investigate the failings of financial regulation during the recent crisis, it said on Tuesday.
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.
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.
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.
Censorship of the Internet is open to challenge at the World Trade Organisation as it can restrict trade in services delivered online, a forthcoming study says.
Google rolled out its Dashboard service on Thursday which designed to give users quicker access to, and more control over, the personal information stored in Google's databases.
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.
- Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.
- Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.
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.
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.
Swiss bank UBS AG warned U.S. customers by registered mail their account details may be given to U.S. tax authorities, a method that could itself breach secrecy laws, a Swiss paper said on Sunday.
Countries need to forge new trade rules governing the movement of electronic data across borders as the world becomes increasingly connected, a Microsoft official said on Wednesday.
The key informant in the U.S. tax evasion case against Swiss bank UBS AG faces prison next year, but his harsher-than-expected treatment by the U.S. Justice Department will undermine efforts to expose secretive offshore tax havens, lawyers and whistle-blower advocates say.
