Swiss Bankers Indicted for Assisting in Tax Crimes
Offshore Account Update, UBS / HSBCPosted in on July 5, 2011
Four Credit Suisse International Bankers have recently been indicted on charges of illegal cross-border banking. The bankers have been assisting U.S. taxpayers to evade taxes through undisclosed offshore accounts. These questionable practices have been perpetuated by many Swiss banks since the 1950s. Several Swiss banks, as well as other international banks around the globe, have been suspected of soliciting U.S. taxpayers and providing them with illegal tax advice resulting in a failure to adhere to reporting requirements.
Read More