The Senate Banking Committee releases a devastating report in advance of their questions for bank officials Tuesday.
Swiss Bank Accused Of Helping Clients Evade US Taxes
February 26, 2014

Via AFP:

Switzerland's second largest bank, Credit Suisse, used elaborate measures to find wealthy clients and help an estimated 19,000 US customers evade American tax authorities, a scathing report from a Senate inquiry said.

The report contains the results of a two-year Senate investigation and comes a day before the heavily-anticipated questioning of Credit Suisse chief Brady Dougan and other top bank officials before the panel.

Bank figures suggest there were "nearly 19,000 US customers with hidden Swiss assets totaling nearly $5 billion" as of 2006, the Senate report said.

That figure re...

Continue reading...

Can you help us out?

For nearly 20 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

Discussion

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service for information on our posting policy.
Mastodon