According to Reuters, UBS has settled with the IRS. Names will be named. (How many? Yours? We shall see.) Beans will be spilled. Fingers will be pointed. Bureaucratic chests will be puffed outward. Meanwhile, back on earth. . . . (I have been accused of being obtuse in the past. By my wife. Let me [...]
From the Washington Post. While this may look like good news to the average Member of Congress, it is likely to have unfortunate future effects. Foreign investment into the U.S. will be deterred. You heard it here first. Not that I need to be a big brain to figure this out. All I have to [...]
A Federal judge has issued an order allowing the IRS to proceed against UBS AG, in their never-ending quest to find tax evaders. U.S. people with undisclosed Swiss bank accounts?? The bell tolls for thee. * *Kinda ironic that the quote comes from John Donne’s poem that starts “No man is an island” when people [...]
Bank Julius Baer did the only sensible thing it could have done. It dismissed the California litigation against Wikileaks. Brief synopsis, as far as I know it. Employee of Bank Julius Baer steals internal documents — private, secret stuff exposing (by name) customers of the Bank. Employee becomes ex-employee of Bank Julius Baer. Employee and [...]
Every so often I get people wandering into my office to talk about offshore trusts, estate planning, and saving tax. Some of them utter the following phrase, “Well, how would the government ever know that I have money offshore?” I tell them that if they plan to lie about their taxes why should they spend [...]
