- Joined
- Feb 14, 2009
- Messages
- 1,589
- Points
- 48
If UBS admitted US tax fraud and agreed to pay fine to USA and reveal its clients , there may be other rich clients from beside USA.
Does this mean UBS helps wealthy people to evade tax and keep their fortune secret????
USA is probing, and UBS is revealing the names according to the news.
Will Singapore's IRA probe UBS to check whether they are local singaporeans or new citizens under the tax fraud ???
I think someone should write to the ST forum to convince the IRA becos in times like this, singapore needs money to pay the capable PAP govt .
ZURICH, (AFP) - - Stocks in Switzerland's biggest bank UBS plunged 10 percent at the open amid a widening US probe into whether it helped wealthy Americans evade taxes.
At open, the stock fell 10.16 percent to 11.50 Swiss francs, the worst performer on the Swiss Market Index, which was down 1.38 percent.
On Thursday, the United States filed a lawsuit to compel UBS to reveal the identities of 52,000 US clients who could be hiding as much as 14.8 billion dollars in secret accounts.
The suit was just filed a day after the US Justice Department announced it had reached a deal with UBS under which the bank admitted US tax fraud and agreed to pay 780 million dollars to the US government and to name its scofflaw clients.
Does this mean UBS helps wealthy people to evade tax and keep their fortune secret????
USA is probing, and UBS is revealing the names according to the news.
Will Singapore's IRA probe UBS to check whether they are local singaporeans or new citizens under the tax fraud ???
I think someone should write to the ST forum to convince the IRA becos in times like this, singapore needs money to pay the capable PAP govt .
ZURICH, (AFP) - - Stocks in Switzerland's biggest bank UBS plunged 10 percent at the open amid a widening US probe into whether it helped wealthy Americans evade taxes.
At open, the stock fell 10.16 percent to 11.50 Swiss francs, the worst performer on the Swiss Market Index, which was down 1.38 percent.
On Thursday, the United States filed a lawsuit to compel UBS to reveal the identities of 52,000 US clients who could be hiding as much as 14.8 billion dollars in secret accounts.
The suit was just filed a day after the US Justice Department announced it had reached a deal with UBS under which the bank admitted US tax fraud and agreed to pay 780 million dollars to the US government and to name its scofflaw clients.
