US Demands 52,000 IDs from Swiss Banks
Headline Legal News
The United States filed for an injunction Thursday against Swiss bank USB AG, asking it to disclose the identities of the bank's nearly 52,000 American customers with Swiss accounts. The complaint claims that an estimated $14.8 billion in assets was hidden in these secret accounts as of the mid-2000s.
The United States says the Swiss bank marketed its services to wealthy U.S. citizens and helped set up dummy offshore companies to make it easier for them to duck taxes on income from the accounts.
The lawsuit, in Miami Federal Court, alleges that the bank trained its agents to avoid U.S. detection, and sent them to the United States to meet with U.S. clients nearly 4,000 times per year, in violation of federal law.
"This action sends a strong signal to taxpayers hiding their money offshore," said IRS Commissioner Doug Shulman, who urges taxpayers to come forward under the IRS' voluntary disclosure process.
Related listings
-
Media Giants Forcing Smaller Guys Out
Headline Legal News 02/10/2009A magazine wholesaler claims industry giants - including The News Group and Time Inc. - are colluding to drive it out of business, and already have destroyed "the only other non-colluding wholesaler in the market," which went out of business last wee...
-
Wrongfully convicted, man can't sue prosecutor
Headline Legal News 01/27/2009The Supreme Court says a man who was wrongly convicted and spent 24 years in prison may not sue the former Los Angeles district attorney and his chief deputy for violating his civil rights.The justices, ruling unanimously Monday, say decisions of sup...
-
ACLU Challenges Gov't Secrecy in the False Claims Act
Headline Legal News 01/20/2009The federal government has been defrauded of billions of dollars in hundreds of cases it has sealed under the False Claims Act, the ACLU claims in Federal Court. "The result of the secrecy provisions is that the federal court system is home to an ent...
Car Accident Lawyers in New Rochelle, New York
If you have gotten in a car accident, it could seriously change your life. Whether the accident was caused by the other party’s fault or a fault of your own, you’ll want to to make sure that you are ready to prepare yourself for any cases that might follow.
Immediately following any type of car accident, it is important to take certain steps to ensure that the courts will treat you with respect and fairly. First, assess your mental and physical condition. Make sure right after the accident, you document any information regarding the accident and situation, it can be of great help later on.
You’ll want to make sure that you seek professional help for any medical conditions you may be experiencing. Do not wait to seek medical attention, you’ll want to make sure that you have documented evidence of the injury that was caused by the accident. The amount of treatment is also taken into consideration in every case.