Swiss Bankers Indicted for Assisting in Tax Crimes

Offshore Account Update, UBS / HSBC

Posted 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.

Undisclosed account holders are urged to come forward before the government brings either civil audits or criminal charges against them which can result in significant financial penalties and the possibility of incarceration.

Immediate action and experienced tax law representation is necessary.  Experienced tax counsel will be able to best represent your interests to avoid criminal charges and in reducing civil monetary penalties.

The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through voluntary disclosure. If you have an undisclosed offshore account contact Thorn Law Group today.

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