MIAMI — The Swiss and U.S. governments announced a deal Wednesday to settle American demands for the identities of suspected tax dodgers, despite Switzerland's vaunted bank secrecy. But they kept all details under wraps, including how many of the 52,000 names sought by the IRS from banking giant UBS AG will be revealed.
Global Financial Integrity has come out with recommendations today for the US government on how to proceed as the UBS case begins to come to a close. From GFI:
U.S.-Swiss Tax Treaty: In June an amendment to the U.S.-Swiss tax treaty was agreed to but not yet ratified. Statements from U.S. and Swiss parties to the negotiations indicate that information exchange would still rely on exchange upon request and would require the U.S. to provide names of suspected tax evaders to obtain information on their undisclosed accounts. The U.S should push for...
Video clips are now available on GFI's YouTube channel for every speaker at the July 24 Capitol Hill briefing on tax evasion and incorporation transparency that was organized by Task Force members Global Financial Integrity and Tax Justice Network along with Task Force friend, Citizens for Tax Justice. Check them out below:
Congressman Lloyd Doggett (D-TX) made a surprise appearance at the briefing and spoke for a few minutes:
Raymond Baker, director of Global Financial Integrity, appeared this morning in a segment about the UBS case which ran on NPR's Morning Edition. Listen to the clip below, or read the online print article which also quotes Mr. Baker here.
http://public.npr.org/anon.npr-mp3/npr/me/2009/08/20090805_me_09.mp3
