[LMAO] According to the newspaper, UBS said it was cooperating with investigators and that it was against the Swiss bank’s policy to help Americans evade taxes.
Federal investigators believe some clients may have used offshore accounts to hide as much as $20 billion in assets from the Internal Revenue Service, enabling them to evade at least $300 million in federal income taxes, the newspaper said, citing a government official connected with the investigation.
A spokesman for UBS declined to comment on the report and said the bank’s position had not changed. “We are taking the investigations very seriously. We are putting in a lot of resources in order to work with the investigators. We will analyze these points and if necessary take corrective measures,” he said. More
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June 6th, 2008 at 4:36 pm
[…] Azmomoftheyear.com wrote an interesting post today onHere’s a quick excerpt[LMAO] According to the newspaper, UBS said it was cooperating with investigators and that it was against the Swiss bank’s policy to help Americans evade taxes. Federal investigators believe… […]