The revelation in 2010 of 500o UBS tax avoiders in Switzerland at the UBS bank turns out to be the tip of the iceberg. CNBC has a slideshow showing the extent of tax evasion – the government reports nearly 500,000 thousand tax avoiders having secret and illegal offshore bank accounts. Despite a second round of amnesty from the IRS closing on August 31, 2011, few have volunteered to report. Go to the site and click on the slideshow to see who the tax dodgers are – not the middle class.
Greedy Guts Itself
economic viewpoint, financial fiascoes / By Bernard Watcher 2 / November 16, 2007
economic viewpoint, financial fiascoes / By Bernard Watcher 2 / June 25, 2008