Lawmakers said Wednesday that Credit Suisse has kept allowing wealthy Americans to dodge tax payments, finding after a two-year investigation that the embattled Swiss bank violated a 2014 plea agreement over allowing tax evasion by its clients.
PUBLISHED 9:50 AM EDT Mar. 29, 2023Lawmakers said Wednesday that Credit Suisse has kept allowing wealthy Americans to dodge tax payments, finding after a two-year investigation that the embattled Swiss bank violated a 2014 plea agreement over allowing tax evasion by its clients.Lawmakers said Wednesday that Credit Suisse allowed wealthy Americans to dodge tax payments
The Senate Finance Committee pointed to an ongoing, possibly criminal conspiracy tied to nearly $100 million in secret offshore accounts belonging to a family of American taxpayers that the bank failed to disclose. It also said Credit Suisse helped a U.S. businessman hide more than $220 million in offshore accounts from the IRS.
The Swiss government pressed for a $3.25 billion takeover of long-troubled Credit Suisse by its rival bank UBS this month amid turmoil in the global financial system. The collapse of two U.S. banks ignited fears of a broader contagion that sent shares of Switzerland’s second-largest bank tumbling as customers withdrew their money.
“Our clear policy is to close undeclared accounts when identified and to discipline any employee who fails to comply with bank policy or falls short of Credit Suisse’s standards of conduct,” it said.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Senate: Credit Suisse still helps rich Americans evade taxesGENEVA (AP) — U.S. lawmakers say Credit Suisse kept allowing wealthy Americans to dodge tax payments, finding after a two-year investigation that the embattled Swiss bank violated a 2014 plea agreement it entered for enabling tax evasion.
Leer más »
Senate: Credit Suisse still helps rich Americans evade taxesU.S. lawmakers say Credit Suisse kept allowing wealthy Americans to dodge tax payments, finding after a two-year investigation that the embattled Swiss bank violated a 2014 plea agreement it entered for enabling tax evasion.
Leer más »
Credit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says | CNN BusinessCredit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving the failure to disclose nearly $100 million in secret offshore accounts held by a single family, a Senate investigation released Wednesday finds.
Leer más »
Credit Suisse helped ultra-rich Americans dodge taxes: Senate panelThe Senate Finance Committee report, the result of a two-year investigation, contends the troubled Swiss bank violated a 2014 plea agreement.
Leer más »
Credit Suisse Complicit in 'Massive' Conspiracy to Help Rich Americans Dodge Taxes: Senate Report'Republican budget cuts have decimated the IRS's ability to root out this kind of offshore tax evasion scheme,' said Sen. Ron Wyden.
Leer más »
Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for yearsThe bank notoriously pleaded guilty in 2014 to criminal charges for 'knowingly and willfully' helping U.S. clients hide offshore assets and income from the IRS.
Leer más »