U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
View Poll Results: Will UBS turn over list of secret Swiss account (tax cheat) names?
No - Swiss law will not allow it 7 43.75%
Yes - UBS will turn over the list of tax cheat names 0 0%
Yes - UBS will turn over the list of tax cheats AND it includes high-profile politicians' names 3 18.75%
Yes - UBS will turn over the list of tax cheats but the public will never know who they are 6 37.50%
Voters: 16. You may not vote on this poll

Reply Start New Thread
 
Old 02-21-2009, 07:58 AM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,823,468 times
Reputation: 868

Advertisements

UBS Warns US Tax Fraud Battle Could Be Its Ruin | Business | Deutsche Welle | 21.02.2009
Rate this post positively Reply With Quote Quick reply to this message

 
Old 02-21-2009, 09:28 AM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,823,468 times
Reputation: 868
Swiss authorities handed over the files on the 250 to 300 American clients of who are suspected of tax fraud. The transfer took place in the middle of the night in the Swiss capital, Bern, just ahead of a U.S. deadline for Swiss cooperation. But U.S. officials want much more. According to Thursday's filing, the thousands of accounts in question held about $14.8 billion in assets in the past decade.

Former Senator Phil Gramm (R) is vice-president of a U.S. division of UBS, and his expertise has long been known to be as an advisor to tax cheats on how to hide their money in order to evade taxes. Anyone wanna bet that Phil Gramm's name isn't on the UBS list of tax cheat names?

Last edited by Kootr; 02-21-2009 at 09:43 AM..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-21-2009, 09:45 AM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,823,468 times
Reputation: 868
UBS Donations:
#14 for Obama Presidential campaign--$505,017
#3 for Emanuel Congressional campaigns--$86,100
How many of the tax cheats sit in corporate board rooms? How many served in America's hallowed halls of government at some time in their career? The public will never know, as Obama's "Just Us" Department sealed the settlement.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-21-2009, 12:02 PM
 
20,194 posts, read 21,600,716 times
Reputation: 9234
Yeah its pretty disgusting... when will the end of corruption in political office occur? Apparently, not during Obama's administration...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-22-2009, 04:18 PM
 
1,954 posts, read 4,941,362 times
Reputation: 1121
I can only hope that the Swiss stand up to the U.S. and refuse to hand over the names.

According to the country's finance minister, it doesn't look like it's going to happen any time soon.

FT.com / Companies / Banks - Swiss warning on US move over UBS clients
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-22-2009, 04:29 PM
 
5,765 posts, read 10,766,081 times
Reputation: 3845
How are they "tax cheats" under Swiss law?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-22-2009, 04:43 PM
 
Location: Apple Valley Calif
7,474 posts, read 21,253,246 times
Reputation: 5641
Quote:
Originally Posted by StoneOne View Post
I can only hope that the Swiss stand up to the U.S. and refuse to hand over the names.

According to the country's finance minister, it doesn't look like it's going to happen any time soon.

FT.com / Companies / Banks - Swiss warning on US move over UBS clients
OH, so you don't want all of the cheats caught and made to pay their share..? Since they are cheating, and not paying their taxes, you and I are making up the difference.. They cheat, we pay...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-22-2009, 04:48 PM
 
Location: Apple Valley Calif
7,474 posts, read 21,253,246 times
Reputation: 5641
Quote:
Originally Posted by tablemtn View Post
How are they "tax cheats" under Swiss law?
Under Swiss law, they aren't, but those people are operating under the laws of the United States... If they wish not to pay the taxes, then they just need to denounce their citizenship and move....!!
If you wish to be a US citizen, you will pay taxes on any money you make, anywhere in the world, with certain exceptions...
Looking for loopholes is what will bury these guys...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-22-2009, 04:55 PM
 
5,765 posts, read 10,766,081 times
Reputation: 3845
That's fine, but the burden of compliance is on the account-holder; not the bank located within Switzerland and operating under Swiss law. If they do in fact love their country, they will voluntarily pay up.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-22-2009, 04:58 PM
 
Location: Apple Valley Calif
7,474 posts, read 21,253,246 times
Reputation: 5641
Quote:
Originally Posted by tablemtn View Post
That's fine, but the burden of compliance is on the account-holder; not the bank located within Switzerland and operating under Swiss law. If they do in fact love their country, they will voluntarily pay up.
I think we just said the same thing.....
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top