“Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years”
March 29, 2023
“Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner.
For years, the bank has provided a safe haven for wealthy American clients to hide assets from the IRS — even after it was caught and prosecuted for doing the same thing more than a decade ago, according two former Credit Suisse bankers who spoke in exclusive interviews with CNBC and are working with the U.S. government as whistleblowers…”
My question is why should the average person care? Good for the people who avoided taxes. Our tax money is misused and abused anyway. Every other money tax revenue is reaching record highs. It’s been like that for the last 4 or 5 years and the government manages to spend it all plus some.
It’s such a tragedy these rich people didn’t pay taxes. That money could fund NATO and the war in Ukraine which the majority of the public does not support. How horrible. [/end sarcasm]