Offshore tax evaders face carrots, sticks
With severe budgetary distress in Washington, the IRS is using both carrots and sticks to make those with illicit offshore bank accounts pay up an estimated $100 billion in unpaid annual taxes. Full Story »
Posted by Derek Hawkins
I doubt if there is that much American money hidden in Swiss banks. But, then who actually knows? You never hear about the huge tax evasion by illegals who often work in jobs where they are under the government radar. Multiply 10 million by $1000 a year and you have $10 billion.