Quote:
Originally Posted by Retired One
It will never work out that the rich/wealthy will have to pay the surtax. These people are very good at hiding their money. There was a report this morning saying that the gov't was going after some 50,000 people who are hiding their money in Swiss UBS accounts and that the Swiss Gov't was preventing the U.S. from obtaining the records and if necessary they would seiz the records so that the U.S. Justice Department could not get the information on these people. This has been going on for many years and the Swiss Gov't is willing to pay the U.S. big fines for sending people to the U.S. and getting the wealthy people to put their money into the Swiss UBS accounts. Below is the entire article which explains it better than I can. 
http://my.att.net/s/editorial.dll?fr...c=11&ck=&ch=ne |
Switzerland has been in the banking industry since banks were just a guy with a couple rocks in a fold of his bearhide. Absolute privacy in all banking matters is national law in Switzerland, so even if a bank wanted to cooperate with the US they're prohibitted by law from doing so. It's why Swiss bank accounts are loved so much, the bank cant even legally disclose that there are any accounts at the bank, let alone who holds them or how much is in them. There are exceptions, but not many.