The move marked a significant escalation in a near four-year battle between the US and Switzerland over the alleged role of some Swiss private banks in helping US clients with undeclared offshore accounts avoid taxation.
http://link.ft.com/r/G8OTZZ/
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Friday, July 15, 2011
Credit Suisse drawn into US tax probe
Credit Suisse drawn into US tax probe
The outlook for Credit Suisse darkened on Friday after the Swiss bank revealed it had been formally placed under investigation by the US authorities over allegations it helped rich Americans evade tax.
The move marked a significant escalation in a near four-year battle between the US and Switzerland over the alleged role of some Swiss private banks in helping US clients with undeclared offshore accounts avoid taxation.
http://link.ft.com/r/G8OTZZ/
The move marked a significant escalation in a near four-year battle between the US and Switzerland over the alleged role of some Swiss private banks in helping US clients with undeclared offshore accounts avoid taxation.
http://link.ft.com/r/G8OTZZ/
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