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WASHINGTON — A deal with Switzerland settling U.S. demands for the names of suspected tax dodgers from a Swiss bank has a lot of wealthy Americans with offshore accounts nervously running to their tax advisers — and the Internal Revenue Service.
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The U.S. and Swiss governments announced a court settlement last week in efforts by the IRS to force Zurich-based UBS AG to turn over the names of some 52,000 Americans believed to be hiding nearly $15 billion in assets in secret accounts.
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Even before the settlement, the high-profile case — coupled with other U.S. efforts to go after Americans hiding undeclared assets — has scared hundreds of tax dodgers to turn themselves in. Boggs said his firm has been taking on 100 new cases a month, a big increase over previous years.
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..."I don't think you have much of a choice but to come forward. ... I think the landscape is permanently changed."
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"We should have put a clampdown on these tax havens a long time ago".
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President Barack Obama, in his proposed 2010 budget, asked Congress to pay for 800 additional agents, examiners and lawyers to go after people who hide money overseas. Obama also wants Congress to require overseas financial institutions doing business in the U.S. to share more information with the IRS.
OK, class warfare. What else do we have to get excited about? They'll have to dump those dollars pretty soon anyway because the real cheats and thieves are going to devaluate the US dollar so bad that the Swiss accounts won't be worth the maintenance fees to keep them open.
Your question begs the question about your integrity.
The government is the biggest thief.
Carribean banks are safer than Swiss banks these days. Keep up the war on the rich and they'll increasingly just renounce their citizenship and move overseas where they won't be treated like scum. Quite easy to get in several well developed countries if you have a certain amount of money in the bank. No different than outsourcing of our industry. Then how will you pay for the welfare trash's vote?
WASHINGTON — A deal with Switzerland settling U.S. demands for the names of suspected tax dodgers from a Swiss bank has a lot of wealthy Americans with offshore accounts nervously running to their tax advisers — and the Internal Revenue Service.
***
The U.S. and Swiss governments announced a court settlement last week in efforts by the IRS to force Zurich-based UBS AG to turn over the names of some 52,000 Americans believed to be hiding nearly $15 billion in assets in secret accounts.
***
Even before the settlement, the high-profile case — coupled with other U.S. efforts to go after Americans hiding undeclared assets — has scared hundreds of tax dodgers to turn themselves in. Boggs said his firm has been taking on 100 new cases a month, a big increase over previous years.
***
..."I don't think you have much of a choice but to come forward. ... I think the landscape is permanently changed."
***
"We should have put a clampdown on these tax havens a long time ago".
***
President Barack Obama, in his proposed 2010 budget, asked Congress to pay for 800 additional agents, examiners and lawyers to go after people who hide money overseas. Obama also wants Congress to require overseas financial institutions doing business in the U.S. to share more information with the IRS.
LOL, it's beyond amusing that some of you have no problem w/these people dodging their taxes. I'll say it again, the party of personal affect. I just have to shake my head at you guys, the hypocrisy is overwhelming.
LOL, it's beyond amusing that some of you have no problem w/these people dodging their taxes. I'll say it again, the party of personal affect. I just have to shake my head at you guys, the hypocrisy is overwhelming.
Of course I have no problem with these people, I despise big government.
LOL, it's beyond amusing that some of you have no problem w/these people dodging their taxes. I'll say it again, the party of personal affect. I just have to shake my head at you guys, the hypocrisy is overwhelming.
Where is the hypocrisy? I am very consistent, I believe every one should keep as much of THEIR money as possible. Those who have money in offshore accounts still probably are paying more money in taxes than 95% of Americans. Hell No! I have no Problem whatsoever with them trying to protect THEIR money! Where did you say was the Hypocrisy again?
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