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In the hush-hush world of Swiss banking, the unthinkable is happening: secrets are spilling into the open.
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.
So if an American has money in any Swiss bank account it is illegal?
I personally think it's BS. The tax system here is unlawful and I applaud those who stow money away in Swiss banks to evade taxes.
Originally posted by obsolete
I personally think it's BS. The tax system here is unlawful and I applaud those who stow money away in Swiss banks to evade taxes.
Originally posted by verylowfrequency
I find it amazing that the IRS actually believes it owns a percentage of everything you make - even when you make it outside America.
Now they've begun the first step in the process to gather information it will only be a matter of time when people say no more and the bloody revolution will begin. American Patriots vs. the World Criminal Bankers and those they've hired to collect their blood money.