Credit Suisse Accused of Aiding Tax Evasion Scheme for Wealthy Americans
TL;DR
Credit Suisse helped ultra-wealthy Americans evade taxes by hiding millions in assets, violating a 2014 plea agreement with U.S. authorities, according to a Senate panel report. The report found that Credit Suisse failed to report the transfer of $100 million in accounts of a U.S. family with dual citizenship to offshore accounts without notifying the Justice Department. Credit Suisse has implemented policies to root out individuals seeking to hide assets from U.S. tax officials and said it does not tolerate tax evasion. The bank is being acquired by UBS under a deal engineered by the Swiss government.
Topics:businessfinance#credit-suisse#finance#offshore-accounts#senate-panel#tax-evasion#us-authorities
- Credit Suisse helped ultra-rich Americans dodge taxes: Senate panel The Washington Post
- Credit Suisse helped Americans commit tax fraud, according to Senate Finance Committee report CNBC Television
- Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years CNBC
- Credit Suisse Concealed More Than $700 Mn From US Govt: Senate Barron's
- Senate probe alleges Credit Suisse aided Americans in tax evasion scheme CNBC Television
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