UBS will give IRS 4,450 names of suspected tax cheats
Swiss banking giant UBS agreed Wednesday to turn over to the IRS details of 4,450 accounts suspected of holding undeclared assets by U.S. customers, ending an intense trans-Atlantic legal fight.
IRS Commissioner Doug Shulman says the accounts held $18 billion in assets at one time. Many have since been closed, he said.
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These people are some of the worst criminals, they take from the rest of us and refuse to pay even the minmal 15% that these assets are taxed at for money they earn while sitting on their butts by the pool, while those of us that work are taxed at 31% on real earnings. I understand the amnesty for self declaration, but these people have been commiting fraud for years with clear intent to defraud the people of the US<