The U.S. government and Switzerland have reached an agreement that could expose Americans who have used Swiss banks to avoid paying taxes.
The agreement will allow Swiss banks to settle any potential U.S. charges if they disclose extensive information about their American clients, the value of their accounts and any help they received from tax professionals.
Those settlements would include penalties for Swiss banks that helped their U.S. customers avoid taxes, according to a senior Justice Department official.
"....then one night in misty Baton Rouge the Tax Credit Fairy waved her magic wand and created Broadway South." This week on Out to Lunch, dramatic tales about the resurgence of theater in New Orleans with Cassie Steck Worley and Bruce Hoefer from Le Petit Theater. Plus tipping your waiter with Sidework.
Pink-dumpster diva Simone Bruni, a.k.a. the Demo Diva, meets Green Coast Enterprises' Will Bradshaw. While the Diva's knocking it down to the dirt, Will's rebuilding — notably commercial Broadmoor. Also on the lunch menu, cyber security company 504ensics.
Drew Bevolo's family founded and has owned Bevolo Gas & Electric Lights since 1945. Burt Benrud's family business, Café du Monde, started up in the 1860s. These two standard bearers of New Orleans' enduring icons talk about the present, the future, and entrepreneur NOLA Pie Guy on this week's Out to Lunch.
City officials and developers have big plans for Tulane Avenue. The rough patch of old Airline Highway will hold two new hospitals, and a planned biomedical corridor. It’s slated to have fewer lanes of traffic and new landscaping, too. But, change is slow. Some residents and business owners who have invested in the neighborhood feel let down by the seedy motels and high crime that persist on Tulane Avenue.
Michael Dell agreed to sweeten his proposal to buy Dell Inc. to as much as $24.9 billion with a special dividend, winning concessions from the board committee that boost his odds of winning shareholder support for the deal.