IRS Finally Gets the Swiss to Rat Out US Tax Evaders

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	IRS Finally Gets the Swiss to Rat Out US Tax Evaders

lovemorgul

11-25-2008 7:19 AM

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irs, tax, bank, money, swiss, financial

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c2787c3e-6cd2-453b-8240-ad875a627de9/56A90A84-E25A-4637-97E0-FF7BBFEB06EB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.money.co.uk/article/1002043-no-questions-asked-appeal-of-secret-swiss-bank-accounts-is-under-threat.htm" href="http://www.money.co.uk/article/1002043-no-questions-asked-appeal-of-secret-swiss-bank-accounts-is-under-threat.htm" style="font-size: 11px;">www.money.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002043-no-questions-asked-appeal-of-secret-swiss-bank-accounts-is-under-threat.htm"><B>US citizens are set to appeal against the Swiss governments decision to share details of formerly private UBS investments with the IRS.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002043-no-questions-asked-appeal-of-secret-swiss-bank-accounts-is-under-threat.htm"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.money.co.uk/img/CCED0D8F-F50F-47A5-93DA-F2EE717DE7A8" alt="The 'No Questions Asked' Appeal of Secret Swiss Bank Accounts is Under Threat" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002043-no-questions-asked-appeal-of-secret-swiss-bank-accounts-is-under-threat.htm"><P>US clients of bank-to-the-super-rich UBS are planning to take to the courts with an appeal against plans by the Swiss government to reveal details of their once-secret bank accounts to US tax investigators.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002043-no-questions-asked-appeal-of-secret-swiss-bank-accounts-is-under-threat.htm"><P>In an unprecedented step, the Swiss government agreed to release private data relating to UBS accounts held by American citizens suspected of tax evasion earlier this year. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002043-no-questions-asked-appeal-of-secret-swiss-bank-accounts-is-under-threat.htm"><P>At the present time the Swiss banking sector is under obligation to share private client data only when there is clear evidence that a fraud has been committed.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/56A90A84-E25A-4637-97E0-FF7BBFEB06EB/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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