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Title: Swiss halt deal with U.S. that IDs Americans with secret UBS bank accounts
Source: Washington Post
URL Source: http://www.prisonplanet.com/swiss-h ... -secret-ubs-bank-accounts.html
Published: Jan 28, 2010
Author: David S. Hilzenrath
Post Date: 2010-01-28 21:07:02 by TwentyTwelve
Keywords: Swiss bank accounts
Views: 77
Comments: 2

Swiss halt deal with U.S. that IDs Americans with secret UBS bank accounts

David S. Hilzenrath

Washington Post

Thursday, January 28, 2010

Americans who hid money from the Internal Revenue Service in secret Swiss bank accounts may escape exposure, at least for now.

An agreement between the U.S. and Swiss governments that was supposed to blow the cover on 4,450 accounts at Switzerland’s largest bank is in danger of collapse.

The Swiss government said Wednesday that it has suspended the disclosure of information to the United States under the agreement and may seek to renegotiate the deal.

The announcement came days after a Swiss court ruled that it would be illegal for Switzerland to comply with the August accord. The court essentially declared that long-standing secrecy protections trumped the agreement. The decision came in a test case involving a UBS account holder who was fighting to stay in the shadows.

Full story here.

Swiss halt deal with U.S. that IDs Americans with secret UBS bank accounts - washingtonpost.com

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#1. To: TwentyTwelve (#0)

The Swiss government said Wednesday that it has suspended the disclosure of information to the United States under the agreement and may seek to renegotiate the deal.

The announcement came days after a Swiss court ruled that it would be illegal for Switzerland to comply with the August accord.

Outstanding!!! Fuck Obama and his greedy government, they're the real criminals, not the people just trying to shield their money from taxation/seizure.

_________________________________________________________________________
"This man is Jesus,” shouted one man, spilling his Guinness as Barack Obama began his inaugural address. “When will he come to Kenya to save us?”

X-15  posted on  2010-01-28   21:20:33 ET  Reply   Trace   Private Reply  

Sequestering savings in Swiss accounts makes good sense if you want to keep your tax dollars from going into an ever expanding military and ever-expanding wars for Israel.

Tatarewicz  posted on  2010-01-29   0:03:37 ET  Reply   Trace   Private Reply  

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