UBS TAX FRAUD ACCORD

Practical and Practice issues for Professionals who practice in the area of taxation. Moral, social and economic issues relating to taxes, including international issues, the U.S. Internal Revenue Code, state tax issues, etc. Not for "tax protestor" issues, which should be posted in the "tax protestor" forum above. The advice or opinion given herein should not be relied on for any purpose whatsoever. Also examines cookie-cutter deals that have no economic substance but exist only to generate losses, as marketed by everybody from solo practitioner tax lawyers to the major accounting firms.
Number Six
Hereditary Margrave of Mooloosia
Posts: 1232
Joined: Fri Aug 29, 2008 6:35 pm
Location: Connecticut, "The Constitution State"

UBS TAX FRAUD ACCORD

Post by Number Six »

The New York Times and other business news sources are reporting that the U.S. Justice Department has reached a preliminary agreement with U.B.S. on the 52,000 U.S. taxpayers believed to be holding Swiss Bank accounts and possibly hiding assets from the IRS. I will be interested to know the terms of the agreement. 8)
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)
Demosthenes
Grand Exalted Keeper of Esoterica
Posts: 5773
Joined: Wed Jan 29, 2003 3:11 pm

Re: UBS TAX FRAUD ACCORD

Post by Demosthenes »

Number Six wrote:The New York Times and other business news sources are reporting that the U.S. Justice Department has reached a preliminary agreement with U.B.S. on the 52,000 U.S. taxpayers believed to be holding Swiss Bank accounts and possibly hiding assets from the IRS. I will be interested to know the terms of the agreement. 8)
I predict the terms of the agreement will be kept secret until the September deadline to voluntarily disclose your offshore account to the IRS passes.
Demo.