07-18-2012, 06:47 PM
OK, I'm a finance nerd. But this is the clearest indication so far that Mitt Romney may well be hiding recent criminal behavior in his undisclosed tax returns.
"The IRS mounted a series of three special programs, the first in 2009, as a high-profile crackdown unfolded for evaders who rely on Swiss and other offshore accounts. UBS AG (UBS), HSBC Holding PLC (HBC), Credit Suisse Group (CS) and other banks were involved.
As the crackdown continued, thousands came forward to report accounts at Swiss banking giant UBS AG (UBS) under an IRS program that offered special amnesty. Penalties were capped for taxpayers who confessed to accounts.
When the IRS announced the latest program in January, it said it has collected more than $4.4 billion so far from the two previous efforts."
http://financialadviserblog.dowjones.com...eas-savers
"The IRS mounted a series of three special programs, the first in 2009, as a high-profile crackdown unfolded for evaders who rely on Swiss and other offshore accounts. UBS AG (UBS), HSBC Holding PLC (HBC), Credit Suisse Group (CS) and other banks were involved.
As the crackdown continued, thousands came forward to report accounts at Swiss banking giant UBS AG (UBS) under an IRS program that offered special amnesty. Penalties were capped for taxpayers who confessed to accounts.
When the IRS announced the latest program in January, it said it has collected more than $4.4 billion so far from the two previous efforts."
http://financialadviserblog.dowjones.com...eas-savers