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IPFS News Link • TAXES: Federal

What's Next After US Has Americans' Swiss Bank Account Information?

• ABC
The country's wealthiest people have relied on Swiss banks for privacy. All American holders of Swiss bank accounts at banking giant UBS could have their information turned over to the U.S. government as part of an effort to identify tax evaders.

1 Comments in Response to

Comment by Chip Saunders
Entered on:

This is old news. Swiss accounts ceased being the iron-clad privacy refuge people have associated them as since at least a decade ago. The money-hiding industry in today's world is ever-shifting and nimble as the internet. Current money shifters will tell you, "If your money sits anywhere for 6 months or more, you lose!"



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