Wednesday, April 29, 2009

Swiss Concealing U.S. Tax Cheats

So is the mafia media. I can only hazard a guess why.

"IRS expands offshore banking probe" by Bloomberg News | April 28, 2009

WASHINGTON - The Internal Revenue Service said it is preparing to seek authority to issue "John Doe" summonses to identify American clients of offshore banks beyond UBS AG.

Dan Reeves, an IRS revenue agent in charge of offshore compliance, said, "We have identified other offshore banks" that are helping Americans evade US taxes.

The United States is seeking the identities of about 52,000 UBS customers in its effort to crack down on tax evaders. UBS agreed to turn over about 300 names and has refused to provide the rest, citing Swiss bank secrecy laws.

--more--"

Related: A 1-in-47,000 Chance