February 27, 2014

The 3 Biggest Surprises From An Investigation Into A Swiss Bank That Helps Americans Dodge Taxes

www.thinkprogress.org/economy/2014/02/26/3332701/senate-investigation-tax-evasion-credit-suisse/
"Estimates of how much money the bank hid from American tax authorities range widely depending on how the estimates are done, the report says, from a $5 billion estimate using the bank’s own methods to a $12 billion estimate using a more rigorous approach.
In total, individual and corporate tax evasion costs the country an estimated $300 billion each year. Swiss banks play a key role in that evasion, but they are far from alone in recruiting and facilitating American tax dodgers."