Credit Suisse Accused of Continuing to Aid Wealthy Americans in Tax Evasion
TL;DR
Credit Suisse has violated a 2014 plea agreement over allowing tax evasion by its clients, according to a two-year investigation by the US Senate Finance Committee. The bank helped a US businessman hide more than $220m in offshore accounts from the IRS and failed to disclose nearly $100m in secret offshore accounts belonging to a family of American taxpayers. Credit Suisse revealed that it had found 23 accounts each worth more than $20m that were not declared to tax authorities, many of them unveiled just days before the report was released.
- Senate: Credit Suisse still helps rich Americans evade taxes The Associated Press
- Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years CNBC
- Senate Finance Committee: Credit Suisse helped Americans commit tax fraud CNBC Television
- Credit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says CNN
- Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says The Wall Street Journal
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