Tax dodgers scramble to come clean amid crackdown

[Catshrink]

:cry:

WASHINGTON – A deal with Switzerland settling U.S. demands for the names of suspected tax dodgers from a Swiss bank has a lot of wealthy Americans with offshore accounts nervously running to their tax advisers — and the Internal Revenue Service.

"They are very frightened," said Richard Boggs, chief executive of Nationwide Tax Relief, a Los-Angeles-based tax firm that specializes in clients with tax debts exceeding $100,000. "You have the super rich who are not used to being pushed around and they are finding themselves in unfamiliar territory."

The U.S. and Swiss governments announced a court settlement last week in efforts by the IRS to force Zurich-based UBS AG to turn over the names of some 52,000 Americans believed to be hiding nearly $15 billion in assets in secret accounts.

Justice Department and UBS lawyers told a federal judge in Miami in a brief conference call Wednesday they had initialed a final deal. But they did not disclose any details, such as how many of the 52,000 names sought by the IRS will be revealed.

http://news.yahoo.com/s/ap/20090815/ap_on_bi_ge/us_tax_haven_crackdown

[hobbit709]

1. Poor babies

:nopity: :nopity: :nopity: :nopity:

I hope they pay the max in fines.

[Catshrink]

3. I know..

did you shed a tear for them? Not.

[shadowknows69]

2. Fuck em. It is time some people paid their share for the fruits of other's labor

Or lack of it because they sent their job overseas to pad their Swiss account.

[Imperfect World]

4. Too many rich people don't pay their fair share.

Tax cheaters should be in jail.

I don't understand why Obama has Timothy Geithner, a repeat tax cheater, heading the government agency that enforces the tax laws.

But it does reinforce my decision to vote for Mike Gravel instead of Obama last November.

[Heidi]

5. US authorities demanded the names of thousands; 150 names have been given up.

This is gonna get interesting before it's over.

[Catshrink]

6. I'd like to see more names handed over.