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UBS says had 47K accounts for Americans

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HowHasItComeToThis Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 01:30 AM
Original message
UBS says had 47K accounts for Americans
http://biz.yahoo.com/ap/090304/ubs_secrets_congress.html
AP
UBS says had 47K accounts for Americans
Wednesday March 4, 7:45 pm ET
By Marcy Gordon, AP Business Writer
UBS says 47,000 accounts held by Americans avoiding taxes; US may pursue charges against bank

WASHINGTON (AP) -- UBS AG now says it had about 47,000 accounts held by Americans who didn't pay U.S. taxes on their assets, but Switzerland's biggest bank is providing the names of only 300 American clients to the U.S. government in a showdown over secrecy.

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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 01:31 AM
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1. And it chose them how?
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NorCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 02:20 AM
Response to Reply #1
2. The ones with the smallest accounts...
and least power. Those poor bastards.

As an aside, since UBS will not turn over all 47k names they should lose their charter and no longer be allowed to perform any business operations within United States jurisdiction. Any bank found wiring money to UBS accounts will also subsequently lose their charters. Make the rich fly cash in suitcases through customs like the real criminals that they are!
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