UBS Chief: Clients Not Harmless Victims

August 24th, 2009

According to UBS’s chairman, Kaspar Villiger, the bank’s tax-evading American “clients are not just harmless victims. They knew what they wanted to evade.”

It’s nice to see that the UBS chief is on the same page as the rest of the world on this point. However, according to Reuters, he also does not believe that “systematic tax evasion had been a problem in countries other than the United States.” I find it very difficult to believe that he believes this.

Written by Clark Gascoigne

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