Search results
Results from the WOW.Com Content Network
Swiss historian Sébastian Guex notes in The Origins of Secret Swiss Bank Accounts: This is what the Swiss bourgeoisie are thinking: "That's our future. We will play on the contradictions between the European powers and, protected by the shield of our neutrality, our arm will be industry and finance." [11]
The Swiss secrecy law two years later assured him of G-man-proof-banking. [11] Later, he bought a Swiss bank and for years deposited his Havana casino take in Miami accounts, then wired the funds to Switzerland via a network of shell and holding companies and offshore accounts. [11] Economist and Nobel Prize laureate Joseph Stiglitz, told Komisar:
The account has become an easy target for Democrats, with Durbin pointing out billionaire Warren Buffet's expressed reason for never opening a Swiss bank account: "There are plenty of good banks ...
Due to Switzerland’s declared military neutrality in World War II, Swiss banks had been a safe haven for Jewish assets before and during the war. The Holocaust saw the genocide of approximately six million Jews, which included individuals who had deposited their funds into Swiss banks. Since the end of World War II, some individual heirs to ...
Swiss banking giant UBS finally reached a deal today with the Internal Revenue Service to turn over the names of more than 4,000 U.S. citizens: allegedly, the worst offenders in tax-evasion ...
The money was held in 1,637 Swiss bank accounts by Banque Pictet, a wealth and asset management firm that is part of the Pictet Group, a financial services company that said it had $691 billion in ...
UBS Group AG building in St. Gallen.UBS maintains strict banking secrecy practices which have been used to facilitate tax evasion. The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking ...
The data were leaked anonymously by a person or group, who wrote in an accompanying statement, that they felt Swiss banking secrecy laws were "immoral", that "Swiss banks ..[were] collaborators of tax evaders", because "a significant number of these accounts were opened with the sole purpose of hiding their holder's wealth from fiscal institutions and/or avoiding the payment of taxes on ...