Swiss Bank helped wealthy Americans hide billions of dollars from U.S. tax collectors

[kpete]

Credit Suisse helped wealthy Americans cheat the IRS, Senate report says

Alessandro Della Bella/AP - At a time when the United States deficit remains high by historical standards, lawmakers say federal prosecutors have failed to collect billions of dollars in unpaid taxes owed by Americans with Swiss bank accounts.

By Danielle Douglas, Published: February 25 E-mail the writer

Swiss banking giant Credit ­Suisse helped wealthy Americans hide billions of dollars from U.S. tax collectors for several years and federal prosecutors have done little to hold violators accountable, according to a U.S. Senate subcommittee report due out Wednesday.

The allegations were particularly stunning in the face of the budget cuts and deficits that the United States faces, lawmakers said. The report casts the Justice Department as a hapless enforcer that has dragged its feet in getting Credit Suisse to turn over the names of some 22,000 U.S. customers.

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Lawmakers have accused the bank of helping wealthy Americans avoid paying taxes on as much as $12 billion in assets held at the institution. Prosecutors have been aware of the misconduct at Credit Suisse for at least four years, in which time they have indicted seven bankers and launched a probe of the institution, according to the report. But no one has stood trial, and the bank has not been held legally accountable, the report says.

Justice spokeswoman Emily Pierce bristled at the report’s characterization of the department, pointing out that it has charged 73 account holders and 35 bankers and advisers with offshore tax evasion offenses since 2009.

More:
http://www.washingtonpost.com/business/economy/credit-suisse-helped-wealthy-americans-cheat-the-irs-senate-report-says/2014/02/25/e45c7dee-9d9d-11e3-a050-dc3322a94fa7_story.html?hpid=z1

[warrior1]

1. Who are these "patriots"

and can we throw them in jail after we collect the back taxes and penalties?

[My Good Babushka]

2. These kinds of stories

really bring out my inner Madame Defarge.

[packman]

3. I Remember in High School

looking at maps of lands that the Axis invaded/controlled in WWII. There was Switzerland unoccupied and sitting alone amid all the Nazi controlled countries in Europe. WOW, either they just weren't important to the Nazi war machine, they had a country to tough to conquer with all those mountains, or they are truly warriors fighting off those planes and tanks.

Years later it came to light, the Swiss were the Nazi's bankers where they hid all the gold and other property stolen on their rampage thru Europe and Russia. Now the American (and I daresay the rest of the world's tax-dodgers) are hiding their wealth from prying eyes , just like the Nazi's.

These wealthy fucks are just one degree away from the monsters the Swiss protected in WWII.

Even when holacaust victim's families tried to reclaim some of gassed parents, the Swiss said they had to prove "documentation" that their mothers/fathers were gassed and the monies in their vaults were theirs to claim.



Fuck them and their chocolate.