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Obama administration going after rich tax cheats [View All]

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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-19-09 09:33 AM
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Obama administration going after rich tax cheats
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But..... he's just another corporate stooge... :eyes:


For decades, rich (mostly Republican-leaning) Americans squirreled their money away in "secret" swiss bank accounts to avoid paying U.S. taxes.

No more. The administration is first going after UBS... then other swiss banks.

There's nowhere to hide anymore, you treasonous bastards (yes.. I said treasonous).

You can try the Cayman Islands.... but we'll get to them next.


Swiss to Hand Over 4,450 Account Details to US

The Swiss government will hand over details of about 4,450 bank accounts to U.S. authorities as part of a deal struck with Washington over UBS, it said on Wednesday.

The agreement brings to an end a row which has strained relations between the United States and Switzerland and challenged the latter's jealously guarded bank secrecy laws.

It could help UBS, the world's second-largest wealth manager, restore an image that has been battered by the financial crisis and the U.S. dispute, and may open the way for the Swiss government to sell its stake in UBS.

UBS shares were down 3 percent after the announcement.
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http://www.cnbc.com/id/32472613
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