Swiss Banks to divulge details of US tax cheats

// added November 18, 2009 // 1 comment //
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http://rawstory.com/2009/11/swiss-divulge-details-tax-cheats/

US clients of UBS with more than 250,000 Swiss francs (165,641 euros, 248,040 dollars) in assets could have their details turned over to US tax authorities if there is proof of fraud, Swiss authorities said on Tuesday.

For those who have simply not disclosed their accounts, their records would only be provided to US tax authorities if the account held more than one million francs at any time between 2001 and 2008, the Swiss Federal Office of Justice said here.
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    News,   Current Tonight
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    News and Politics,  Economy,  US Politics,  Taxes,  4 more

1 comment // Swiss Banks to divulge details of US tax cheats

  • bansheewail
    • 0
      bansheewail  

    • To take advantage of a foreign banking system while reaping the benifits of a capitalist economic system is wrong. If people make their money here, then they should pay the taxes on that income HERE.

    • 3 months ago
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