Real Equal Treatment Under The Law

Along with the Siemens bribery scandal, one of the biggest corporate criminal investigations has been that of UBS by the IRS. The basic charge has been that UBS has been actively assisting wealthy Americans in evading US taxes with unreported off-shore bank accounts (for the $$ involved, and the ubiquitousness of UBS, this has been a relatively underreported story, in my opinion). Now, UBS has agreed to essentially turn their clients in by giving them the Hobson's Choice of cashing checks (thus alerting the IRS) or not (thus losing their funds). Much more about this here.


18,000+ wealthy Americans are dealing with this dilemma as we speak. I know, boo hoo. Perhaps this is why some public figures are strangely reluctant to comply with basic financial disclosure rules.

This entry was posted on at 8:58 AM and is filed under , . You can follow any responses to this entry through the RSS 2.0. You can

Best Retirement Invesments Auto Search