Thursday, February 19, 2009

UBS Sued To Disclose 52,000 Secret Swiss Account Holders

Or Geithner and 51,999 (we jest Timmmmay). The U.S. government has filed suit in Miami alleging that U.S. customers have failed to pay taxes on 32,000 cash accounts and 20,000 securities accounts, which held $14.8 billion of assets in the mid-2000s, according to a Justice department statement. John DiCicco assistant attorney general said "At a time when millions of Americans are losing their jobs, their homes and their health care, it is appalling that more than 50,000 of the wealthiest among us have actively sought to evade their civic and legal duty to pay taxes."

Looks like the government is serious about this one. In the meantime, leakage of the list of tax-evaders is sure to be attracting significant bids from popular media outlets. Sphere: Related Content
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doc holiday said...

Since when did tax evasion become a hot topic? They knew all about this with Enron and The Patriot Act, and now this is news? Better late than never I guess!