Basically if u had an account with UBS(the swiss bank).
US goverment now is going into ur offshore swiss accounts and put you in jail for not paying half of what you earned OUTSIDE of America to the US goverment! So they can give it to AIG and other wall street firms+Airlines+the random shitty enviourment companies+General Motors+Chrysler. Or basically any company who is retarded enough to go bankrupt.
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In US everyone is happy as long as all the prices are rising. Unless its crude oil - Marc Faber
i've no idea what the law is but... if you sign up a bank account your transactions, account cannot be published unless you're up against some criminal, tax or whatever charges.
IRS could have just filed criminal charges against those big fish that swiss had to accept and give out to them...
obv money was the issue here, but it had to have another dimension
I mean if swiss owned U.S X billions, then the value of the account in terms of tax avoided had to meet the same amount - otherwise there would be a loser and a winner
Swiss is the big loser here cause people will start moving cash around now, so they might have owned U.S big time - much more than they gave out
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blackjacki2 United States. Aug 19 2009 19:14. Posts 2581
I don't get what is so outrageous about prosecuting tax evasion. If you're an American citizen it doesn't matter if you earn money "outside" of america, you still have to pay taxes on it. I think this is a good example of why we should get rid of the income tax and just put a national sales tax because there are no loopholes in avoiding taxes that way.
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ToTehEastSide United States. Aug 19 2009 20:16. Posts 1337
that's because tax is actually voluntary
or rather in this great country "land of the free" that's how it's supposed to be
ever heard the term, "Our founders are probably turning over in their grave right now?"
If you're an American citizen it doesn't matter if you earn money "outside" of america, you still have to pay taxes on it. I think this is a good example of why we should get rid of the income tax and just put a national sales tax because there are no loopholes in avoiding taxes that way.
