Facilitating Tax Evasion: Swiss Banker Enters Guilty Plea With the IRS
Offshore Account UpdatePosted in on August 26, 2016
The IRS and the Department of Justice are aggressively going after banks and bankers who may have played a role in helping people in the United States evade their tax obligations. Swiss banks had a long track record of protecting client privacy, which prompted many U.S. taxpayers to put their money in offshore Swiss accounts so they could hide it from the IRS. Swiss bankers encouraged and aided in efforts to facilitate tax evasion. Now, these banks and bankers are facing prosecution and many are pleading guilty.
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