June 29th, 2009
Martin Sullivan at Tax Analysts has pointed out critical factors impacting the political will to pursue, or to drop, the US Department of Justice case against UBS. In his article "News Analysis: Switzerland, Guantanamo, and Tax Evasion", Marty states his hope that "Justice will stick to its guns", yet adds:
"It makes so much political sense to appease the Swiss. The Swiss government announced in January that it would be willing to take some Guantanamo prisoners off U.S. hands -- providing much-needed relief for one of the superpower's biggest foreign policy headaches. The United States calls...
June 25th, 2009
The New York Times published an
article today about a wealthy former UBS client, Steven Michael Rubinstein, who plead guilty to filing false tax returns - failing to disclose his offshore UBS accounts that he was funneling money through. The article goes on to provide analysis of the fallout surrounding UBS as would be expected. However, while providing background information, the New York Times threw in this gem:
UBS, the world’s largest private bank, admitted in February to conspiracy to defraud the Internal Revenue Service by helping scores of wealthy Americans hide nearly...
June 25th, 2009
A wealthy American client of UBS pleaded guilty on Thursday to tax fraud, the latest victory for the federal government in its crackdown on UBS and its offshore private banking accounts.
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June 23rd, 2009
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