The Senate Finance Committee has published the results of a two-year investigation showing that Credit Suisse has been complicit in a “massive, ongoing conspiracy” to help wealthy U.S. citizens dodge taxes.
in a statement Wednesday that “at the center of this investigation are greedy Swiss bankers and catnapping government regulators, and the result appears to be a massive, ongoing conspiracy to help ultrawealthy U.S. citizens to evade taxes and rip off their fellow Americans.”
“Republican budget cuts have decimated the IRS’s ability to root out this kind of offshore tax evasion scheme, but Democrats are committed to stepping up enforcement against wealthy tax cheats.” “In addition to a significant penalty for the bank, the individual bankers involved in these schemes must also face criminal investigation,” Wyden added. “It simply makes no sense to allow the bankers who have their hands on these hidden accounts and enable tax evasion to get away scot-free. Finally, the cases detailed in this investigation are textbook examples of why Democrats gave the IRS new funding for enforcement.
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