Carlisle Management Company Responds to IRS Tax Rulings

LUXEMBURG–( Press Release Service – June 22nd, 2009) On May first, the Internal Revenue Service (IRS) issued two Revenue Rulings that constitute the official position of the IRS on certain key tax issues in the life settlement arena. Uncertainty in this area plagued taxpayers and tax practitioners for years. Due to these recent developments, Carlisle […]

UBS Agrees to Pay Millions and Open Secret Records

The Switzerland bank agrees on settlement with U.S. government. – UBS has agreed to pay the U.S. government millions and disclose secret banking records amidst conspiracy allegations. As reported by the Associated Press (AP), the Switzerland based bank giant is set to pay the U.S. $780 million and open secret records, after being accused […]