The Justice Department, which has the power to bring criminal cases, has charged a former UBS banker and a consultant based in Liechtenstein-like Switzerland, a leading tax haven-with helping clients to avoid taxes by opening secret accounts. It is working to broaden the investigation into UBS by examining its American account holders, whom it believes the Swiss bank may have helped to dodge at least $300 million in taxes. |
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At business.timesonline.co.uk
Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.