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Avatar forRichard W

First buzzed by: Richard W

US, Swiss ask for delay in UBS secrecy case (AP)

The U.S. and Swiss governments and banking giant UBS AG indicated Sunday they were seeking a settlement and asked a federal judge to delay high-stakes hearings on the Internal Revenue Service's effort to identify thousands of suspected American tax evaders. » Full Story on Yahoo! Finance

We really need to get to the bottom of this. It's a big question as to whom is on these off shore bank accounts. Whats really bad is the federal government will not allow us to know who these people are. This I believe was one of the agreements made to,UBS. The federal government could probably collect enough money to payoff the debt. The claim is; everyone believes in capitalism and taxes comes along with this deal. Everyone seems to agree you should play by the rules unless you have plans on being another--MR. MADOFF....catch me if you can!

posted Jul 12, 2009 |
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Hail the few remaining Producers. Our last great HOPE! Hidden bank accounts offshore deprive Comrade Savior Curious BO BO of his income stream for bullskit giveaway freebee welfare programs. Hide, slide, evade, lie, destroy evidence, skate, anything goes when hiding money from the Liberal freak show in DC. Long live tax evasion and capitalism. I hope they screw this sick liberal government to the wall with lawyers, appeals and legal mumbo-jumbo nonsense and are able to give us all an option to hide our money too. Kill the stupid BO BO programs with lack of cash. HAHAHAHAHA.

posted Jul 12, 2009 |
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GEE I wonder how many of our politicians in DC have money in those OFF SHORE ACCOUNTS. By the delay, I am betting there more than a few. They now have time to move it somewhere else before the swiss bank exposes them.

posted Jul 12, 2009 |
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I really fail to see how the US thinks that it can control banks in another country. It has not been able to control these at home. I am so sick of the US trying to be the police of the world. Take care of home. We have major problems here. Geezus!! When I open my back door, I see immigrants. When I open my front door, I see immigrants. This is exactly what we need. More IMMIGRANTS!! Unemployment at a 26 year high and we want more immigrants here from cuba to compete for what few jobs are left. TERM LIMITS for the 535 congress persons. Are you listening or do you care? Follow the wishes of most US citizens and close those borders and take care of US citizens and taxpayers.

posted Jul 12, 2009 |
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If the UBS, or any other banking institution regardless of location, is allowed to assist with tax evasion [which is illegal] then are we saying that tax evasion is allowed if not taking place within the US? A negotiated settlement between UBS and the US government might not be in the best interest of the taxpayer, as it will set the tone for future such activity. If the fine is less than the possible gain, who will be detoured from such activity?

posted Jul 12, 2009 |
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