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...million in assets on which his client - the Russia-born, California-based real estate mogul Igor Olenicoff - owed $7.2 million in U.S. taxes. But at the same time, almost no one in the U.S. government would deny that Birkenfeld was absolutely essential to its landmark tax-evasion case against Swiss banking giant UBS. The former UBS employee turned whistle-blower exposed the previously hidden world of offshore tax shelters, which cheats the Treasury out of about $100 billion a year. Thanks to his insider information, UBS was fined $780 million, and it promised to "exit entirely" from...

Author: /time Magazine | Title: Why Is the UBS Whistle-Blower Headed to Prison? | 10/6/2009 | See Source »

...wonder nobody has ever come forward to blow the whistle on the Swiss banks before - and with this mind-set, the government is guaranteeing that nobody will come forward again and disclose information about tax fraud on this scale," says Dean Zerbe, a tax attorney representing Birkenfeld in his dealings with the IRS. Zerbe also served as tax counsel for the Senate Finance Committee; in 2006 it revised the tax code to include whistle-blower protections...

Author: /time Magazine | Title: Why Is the UBS Whistle-Blower Headed to Prison? | 10/6/2009 | See Source »

...days after the deadly quake struck Indonesia, the first wave of international rescue teams trickled into Padang, lending their expertise to the unfolding search effort. The first 72 hours after a disaster are critical because it's rare to find survivors after that point, and so Swiss Rescue, dressed in their signature orange jumpsuits, fanned out across town shortly after they landed. By the end of their first foray, the Swiss dogs had located five bodies at the STA Prayoga college and another corpse at the upscale Ambacang Hotel. No survivors were found. But Michele Mercier of Swiss Rescue says...

Author: /time Magazine | Title: Help Arrives to Indonesia's Earthquake Zone | 10/3/2009 | See Source »

...before, Pariaman regency's secretary Yuen Karnova received a call late at night informing him that foreign experts had arrived, and he rejoiced, "God bless, help is coming." The chance of finding survivors in the landslides triggered by the quake in that region will be very slim. Still, the Swiss team prepares the dogs for the journey to Pariaman by dunking the dogs in some water to cool them off before they begin their hard work. For long-haired golden retrievers, border collies and other breeds, the torrid Sumatran air is far tougher to endure than the flight over from...

Author: /time Magazine | Title: Help Arrives to Indonesia's Earthquake Zone | 10/3/2009 | See Source »

...Turkey, some people threw stones at the dogs because they are considered unclean and unwelcome beasts by some Muslims. (Islamic tradition does not generally embrace keeping dogs as pets.) But she has been impressed by how welcoming Indonesians, living in a Muslim majority nation, have been of the Swiss menagerie. "Everyone has been very friendly and tolerant," she says. "I think they realize that these dogs may be the ones that might save people they know...

Author: /time Magazine | Title: Help Arrives to Indonesia's Earthquake Zone | 10/3/2009 | See Source »

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