Die Schweizer Bank Banque Pictet gibt zu, 5,6 Milliarden US-Dollar an US-Geldern vor dem IRS versteckt zu haben
by ChocolateTsar
Die Schweizer Bank Banque Pictet gibt zu, 5,6 Milliarden US-Dollar an US-Geldern vor dem IRS versteckt zu haben
by ChocolateTsar
33 comments
*The bank used “a variety of means” to hide those accounts, according to the deferred prosecution agreement.*
*It held clients’ account-related mail at the bank, rather than sending it to the clients in the U.S., in order to “help ensure that documents reflecting the existence of the accounts remained outside the United States and beyond the reach of U.S. tax authorities.”*
*It also formed and handled offshore entities that had “no business purpose but existed solely to help the Pictet Group’s U.S. taxpayer-clients hide their offshore accounts and assets from U.S. tax authorities.”*
*The Pictet Group maintained about 529 offshore entities for the U.S. accounts in question during the relevant timeframe.*
*The group also helped the U.S. tax-evading clients keep undeclared money offshore by transferring funds from undeclared accounts to accounts that appeared to be held by non-U.S. clients.*
*Those accounts were still effectively controlled by the U.S. taxpayer-clients through “fictitious donations,” according to the DOJ.*
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These f’cking guys, man. The extra lengths they go to defraud taxpayers *and* getting away with it with only a slap on the hands is crazy. Nobody goes to jail? Is 120m even more than they made off of it? Unbelievable, man.
Cool, I can’t wait to see them face meaningful repercussions.
Well, I’m as shocked as a rubber-coated rubberman rolling on rubber wheels with a grounding strip who briefly touches one end of a AAA battery.
“If the bank complies with the terms of its deal, the Justice Department has agreed to defer prosecution for three years and then dismiss a charge of criminal conspiracy to defraud the IRS” – how many account holders are elected members of office? lets name names
“If the bank complies with the terms of its deal, the Justice Department has agreed to defer prosecution for three years and then dismiss a charge of criminal conspiracy to defraud the IRS.” – what a sweet heart deal, curious just how many are elected members of congress – lets name names.
Why does a Swiss bank have any obligation to report anything to the IRS? And what authority does the US hold to prosecute a Swiss bank?
And also, Bitcoin fixes this.
Now do the Cayman Islands.
That bank has safes built to hold US gold, all completely outside of the books. It’s a “secret” over there, that is easily accessible by looking at the building’s blueprints and the construction materials used in some parts of it.
Sounds like this is exactly why some are fighting so hard to stop expanding the IRS.
Not this “Average Working American’s” money, I would assume it belongs to those “1%’ers” that have most of America’s money. Must be nice, really nice.
The Swiss and hiding morally ambiguous or outright illegal funds… name a more iconic duo.
The rich will have a rude awakening one day, because of bullshit like this. I’m so mad
There’s $1.7 trillion dollars hidden just like this around the world, often by Western-headquartered banks.
I love this headline, they should start phrasing tax cheat headlines this way
wwxa
The government should be obliged to all the money not just the back taxes.
Well, this is the point of a Swiss bank, isn’t?
Nothing wrong with that. The American government is an over bloated gerontocracy that no longer serves its people.
Billions upon billions sitting in banks doing nothing to help anyone.
Why are the fines so low for this type of thing? The bank should be fined for the back taxes plus interest, otherwise it’s just a cost of business
The USA is short (annual deficit) around 1.4 Trillion a year, so this amount would cover about 0.4% of the annual shortfall.
While at the same time, The Republicans in the US are doing their best to gut the IRS as quickly as possible.
Probably hiding the money of the wealthy Americans who are currently shorting US Treasury Bonds.
The Swiss are complicit in hiding money from corrupt politicians from third world countries. Also they help launder illegally mined gold, the kind that poisons local ecosystems with heavy metals.
And you know damned well that a lot of it belongs to Republicans who wave the flag at every opportunity, but don’t back it up by supporting our country.
They have convinced us to fight for the scraps
Whatever makes YOU money right?
This is why some people in the US want to defund the IRS.
It’s time for the first American-Swiss war.
They cant keep getting away with it.
It is likely a lot more than $5.6 Billion.
Cayman Islands is where it’s at
Admits to $5.6b but actually has $560b.