Alan C. Posted January 31, 2013 Posted January 31, 2013 Mary Estelle Curran, 79-Year-Old Ex-UBS Client, Facing 6 Years In Prison Over Tax Evasion More than four dozen American clients of Swiss and Swiss-style banks have been charged or indicted in recent years, part of a widening crackdown on offshore tax evasion by the U.S. Justice Department. Over the past four years, the crackdown has ensnared dozens of American clients of overseas banks as well as foreign bankers. Curran's accounts evaded U.S. taxes of $667,700, court papers show. Under onerous U.S. penalties for failing to report the accounts, Curran agreed to pay a civil penalty of more than $26.6 million, representing 50 percent of the high balance in the accounts. In addition, she owes back taxes of more than $667,700, plus penalties and interest, court papers show. Also: Swiss bank to pay $57.8M in US tax evasion plea In February 2009, UBS entered a deferred prosecution agreement with U.S. authorities and agreed to pay $780 million in fines, penalties, interest and restitution.
masonman Posted January 31, 2013 Posted January 31, 2013 Money, by definition, belongs to some form of government. Ouch my brain
Recommended Posts