Swiss Banks Divulging Tax Evaders, Cooperating With US Government



It’s about time! Many wealthy people hate Pres. Obama for even considering tax increases for the very rich, yet many of the very rich don’t actually pay taxes!! They hide their wealth in foreign banks where U.S. law can’t find it. The tax burden is left to the rest of us.

Now Swiss banks, who are very often the entities that make it easy for the rich to dodge taxes, are cooperating with the U.S. government in trying to end the practice. The question is whether the Swiss and U.S. governments are really serious about forcing these people to start paying taxes. It’s not easy going after any rich person, especially with all the legal resources they have at their beck and call.

Here’s the story from

Domestically, this is absolutely fantastic news. As the New York Times reports, ‘Banks will be required to provide the details…

View original post 94 more words

This entry was posted in Uncategorized by Tanya. Bookmark the permalink.

About Tanya

I'm Tanya and I'm a 2015 journalism school graduate from SUNY Purchase College. I blog on a wide variety of issues: women's rights, racism, the American justice system, activism, the environment, etc. Knowledge truly is power, so my goal is to empower people to create change in society.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s