Swiss, U.S. reach deal on outing tax evaders
The U.S. government and Switzerland have reached an agreement that could expose Americans who have used Swiss banks to avoid paying taxes…. The crackdown began in 2009 after a whistleblower notified U.S. authorities that UBS, the largest Swiss bank, was enabling Americans to evade taxes. UBS settled the case later that year. It turned over account records on 4,500 U.S. customers and paid a $780 million fine SOURCE: Swiss, U.S. reach deal on outing tax evaders – CBS News. I have absolutely no sympathy for those caught trying to hide their wealth in swiss banks in order to avoid paying … Continue reading Swiss, U.S. reach deal on outing tax evaders