Credit Suisse’s offices in Germany were searched Wednesday as part of an investigation into accusations that its employees might have helped clients evade taxes, prosecutors in Düsseldorf said. Now the police is sifting through the files that were seized. The searches were prompted by data contained on a compact disc the authorities recently purchased from an informant. They paid more than 2 million euros for the disk.
UBS, the largest Swiss bank, avoided prosecution in the United States last year after admitting that it had helped clients evade taxes from 2000 to 2007. It paid a $780 million fine and agreed to disclose the account details of more than 4,700 clients.
5 comments:
Let us shed a little tear, for all these people who now have to pay their tax arrears, and a fine as well, I don't doubt.
Anon.
Anon,
Opening a numbered account in Switzerland is primarily done for other reasons than saving taxes. Many feel unsecure in their marriages and know that if their wives want to divorce, the Courts will give her everything and they will be left naked. So they want a little money out of the reach of the enemy.
Others have problems with their partners, or foresee problems.
Jews had money in Switzerland in the thirties not because of taxes byt the general insecurity of like and property in those times. I am sure many non-Jews feel that the sacredness of property rights is no more, and feel better thinking they have something in Switzerland. I have seem rich men suddenly losing all their money because of an imagined environmental crime, or an industrial accident or change in political leadership.
And you have people like Presidente Correa of Ecuador, the Kirchners in Argentina, whose desire to hid some little money are not tax related.
Let us shed a little tear for the honest, hardworking German dentist, whose bitchy harlot of a wife is blackmailing him and now the tax people is persecuting him too.
Let us cry for Argentina. Middle class people in Argentina lost all their saving a few years ago, and they remember that their constitutionally protected safe deposits were stolen by the State without any difficulty. These people has now some little money in Miami, Bahamas or ... Switzerland. Those who put their faith in Miami or New York, were never defrauded. The Swiss did not defend their Clients, for which they were paid exhorbitant fees, so they are ended. People pardons Bernie Madoff, but not the Swiss, They have no part in the next word.
Then let us shed a little tear for the Gnomes of Zurich.
Anon.
Not me.
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