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