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UBS makes a deal with US
Anonymous
Posted: Saturday, August 13, 2011

Posted: 8/1/2009 10:40:30 AM

By: al funt

It is my understanding that people who formed companies for the sole purpose of billing legit companies in the US are toast.So the guy who billed his own company using a dummy corp UBS sold them should be puking.The accounts in people's names with no billing are fine.


Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5779


Posted: 8/1/2009 10:23:05 AM

By: knightmare3000

this Saturday,August 1,2009 in the Houston Chronicle, it was announced that the Swiss diplomats met with State department and they reached an agreement on the 52,000 names of UBS suspected of evading taxes on several billions of dollars. some names will probably be disclosed ,but not all. full details will be made in written format in the next few weeks.


Anonymous
Posted: Saturday, August 13, 2011

Posted: 8/2/2009 11:18:09 PM

By: ironic

It is my understanding that Switzerland escaped a more brutal fate, for reason unknown, for which they are not even grateful or apologetic....

My understanding is that :

- Relationship managers for UBS should be wise not to travel to the USA for awhile.. The agreement saves the butt of UBS not of employees that were engaged in "criminal" cross border banking cum tax evasion activities;

- We can expect a lot of civil cases against UBS if they give names of clients they help evade taxes by providing the tools (offshore cos, trust..) that makes it fraudulent...


 

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