Political Discussions

Political Discussions » General Discussion

Swiss bank accounts no longer secret

Posted by satijournal • 2/19/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: Economy, politics, republican

UBS, the largest bank in Switzerland, agreed on Wednesday to divulge the names of well-heeled Americans whom the authorities suspect of using offshore accounts at the bank to evade taxes. The bank admitted conspiring to defraud the Internal Revenue Service and agreed to pay $780 million to settle a sweeping federal investigation into its activities.
www.nytimes.com/2009/02/19/business/worldbusiness/19ubs.html

This could be interesting.

User Comments

2/19/09

Chazman80

comment removed by the community.

[reply]
2/19/09

csiunatc

UBS Accounts maybe. Swiss numbered accounts are as safe as always.

I wonder if UBS will be punished. The safety of the swiss banking system is their strength. The gov't has always refused to do this.

[reply]
1. 2/19/09
  
  satijournal
  
  They've already been punished to the tune of $780 million. There's probably more to come.
2. 2/19/09
  
  csiunatc
  
  Just goes to proof, Like with Maddof, the stupid ones get burned.
2/19/09

Anok

Buwahahahahahaha

*excellent*

[reply]