Arab Today, arab today us attorney general talks tax evasion with swiss counterpart
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

US attorney general talks tax evasion with Swiss counterpart

Arab Today, arab today

Arab Today, arab today US attorney general talks tax evasion with Swiss counterpart

Washington - AFP

US Attorney General Eric Holder met with his counterpart from Switzerland as investigators crack down on Swiss banks that help US customers avoid paying taxes. US officials were tight-lipped about the content of the meeting between Holder and Eveline Widmer-Schlumpf, but told AFP that the US probe into the Credit Suisse bank was discussed. Credit Suisse has been in talks with the Justice Department to settle a probe over its role in enabling Americans evade taxes. US prosecutors have reportedly pressed for a guilty plea from a bank subsidiary. One possible outcome is that Credit Suisse will be fined. Press reports say the fine could exceed the $780 million that another Swiss bank, UBS, paid in 2009. In early April Credit Suisse said it had set aside 425 million Swiss francs ($476 million) in provisions for a possible deal with US tax authorities. The Justice Department has described a decades-long conspiracy that resulted in secret accounts for US customers. "The conspiracy dates back to 1953 and involved two generations of US tax evaders including US customers who inherited secret accounts" at Credit Suisse, it said in a July 2011 news release. Credit Suisse is one of 14 Swiss banks under US investigation for allegedly accepting billions of undeclared dollars from US citizens. On Wednesday, the owner of a Swiss trust company pleaded guilty in New York to conspiring with Credit Suisse bankers to enable US customers avoid taxes by hiding assets in secret Swiss bank accounts. Josef Dorig admitted he engaged in a "wide-ranging" conspiracy between 1997 and 2011 to help US citizens evade income taxes by concealing assets in Credit Suisse accounts held in the names of sham entities, the Justice Department said. A US Senate report out in February showed that at its peak, Credit Suisse sheltered between $10 billion and $12 billion in largely non-reported assets in the accounts of more than 22,000 US customers. The exact amount funds unreported to US tax authorities is probably around $7 billion, Credit Suisse director Brady Dougan in late February.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us attorney general talks tax evasion with swiss counterpart Arab Today, arab today us attorney general talks tax evasion with swiss counterpart

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us attorney general talks tax evasion with swiss counterpart Arab Today, arab today us attorney general talks tax evasion with swiss counterpart

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday