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UBS doesn't want to Cooperate with IRS

A

Anonymous

Guest
Foreclosure Phils bank now doesn't want to cooperate with the IRS- and release the account info on all the possible tax evaders.. They shouldn't have violated US law in the first place and shouldn't be allowed to operate within the US if they aren't going to follow US law....Could be interesting to see who those 52,000 wealthy Americans names are..

Feb 23, 1:37 PM EST


Battle over UBS secret accounts is before US court

By CURT ANDERSON
AP Legal Affairs Writer

MIAMI (AP) -- The Internal Revenue Service should quickly gain access to the secret accounts of 52,000 wealthy Americans at Swiss bank UBS AG to stop continuing tax evasion, U.S. lawyers told a federal judge.

"The United States does not believe justice is served by delay," said Justice Department tax attorney Stuart Gibson in court papers filed Friday. "Delay serves the cause of those U.S. taxpayers who continue to hide behind the actions" of the bank.

U.S. District Judge Alan S. Gold scheduled a hearing Monday to begin sorting through the IRS lawsuit. UBS claims that turning over the account names - possibly in a matter of weeks - would violate Swiss privacy law and jeopardize the bank's license to stay in business. UBS wants Gold to slow down the process.

"Such violations would expose these (UBS) employees to substantial prison terms, as well as fines, penalties and other sanctions," the UBS lawyers said in a Friday court filing. "There is simply no reason to have, nor equity in having, such an expedited process here."

The IRS last week asked Gold to enforce so-called "John Doe summonses" seeking information about the 52,000 accounts that hold an estimated $14.8 billion in assets. The lawsuit was accompanied by dozens of internal UBS e-mails, memos and other material that the IRS contends shows a systematic, long-term scheme by bank employees to help wealthy Americans evade U.S. income taxes.

The lawsuit followed by one day an agreement in which the Justice Department would defer criminal prosecution of UBS in exchange for the identities of up to 300 U.S. customers and payment by the bank of $780 million. That deal did not cover the much broader list of 52,000 names now sought by the IRS, but both sides knew the U.S. would ask for them.

UBS "knew this day was coming, and it knew this day would come sooner, rather than later," Gibson said.

Another Miami federal judge in July 2008 approved the summonses seeking the account information, but UBS never complied. The new lawsuit asks Gold to enforce that earlier ruling, first by issuing an order requiring UBS to "show cause" why it has not done so.

Federal prosecutors in Miami previously charged a senior UBS executive, Raoul Weill, with conspiring to defraud the U.S. by helping American customers conceal some $20 billion from the IRS. Weill is a fugitive living in Switzerland, but his New York-based attorney has said he is innocent.

A former UBS banker, Bradley Birkenfeld, pleaded guilty last year in Fort Lauderdale to similar fraud conspiracy charges and has been cooperating extensively with U.S. investigators. Birkenfeld has not yet been sentenced.
 

Tam

Well-known member
Hey Oldtimer know of any Dems that have been known not to cooperate with the IRS and evaded paying taxes? Hint TURBO TAX second hint oversees IRS. :wink:
 

TexasBred

Well-known member
Tam said:
Hey Oldtimer know of any Dems that have been known not to cooperate with the IRS and evaded paying taxes? Hint TURBO TAX second hint oversees IRS. :wink:

Lobbiest, fundraiser Democrats deeply involved with the banking industry?????? :lol:
 
A

Anonymous

Guest
Tam said:
Hey Oldtimer know of any Dems that have been known not to cooperate with the IRS and evaded paying taxes? Hint TURBO TAX second hint oversees IRS. :wink:

Yep-- both parties have crooks-- but this one might be interesting since number 1 McCain economic advisor Foreclosure Phil Gramm- and father of financial deregulation- was UBS's lead man in the US acting as vice-chairman of UBS's investment bank operations in the US...And he does a lot of hobnobbing with the rich crooked Republicans.... :wink:

Either way- they should string them up- and run both UBS and Foreclosure Phil out of the country....
 

Mike

Well-known member
Oldtimer said:
Tam said:
Hey Oldtimer know of any Dems that have been known not to cooperate with the IRS and evaded paying taxes? Hint TURBO TAX second hint oversees IRS. :wink:

Yep-- both parties have crooks-- but this one might be interesting since number 1 McCain economic advisor Foreclosure Phil Gramm- and father of financial deregulation- was UBS's lead man in the US acting as vice-chairman of UBS's investment bank operations in the US...And he does a lot of hobnobbing with the rich crooked Republicans.... :wink:

Either way- they should string them up- and run both UBS and Foreclosure Phil out of the country....

Gramm was not and has not been a "lead man" at UBS. He works in the Warburg section of UBS and is only a "Vice-Chairman". Since he only dealt with "Corporate" interests.

Got anymore lies you'd like to tell today? :roll:

"Deregulation" is just what we need more of. The "Regulations" like the CRA, etc. is exactly what got us in to this mess.................
October 7, 2002
Senator Phil Gramm to join UBS Warburg
UBS Warburg today announced that Texas Senator Phil Gramm will join the firm as vice chairman. In this role, he will advise clients on corporate finance issues and strategy. Senator Gramm plans to join the firm at the end of his term. In his new role, he will work closely with Vice Chairmen Lord Brittan and Ken Costa, who are based in London.
 

Tam

Well-known member
Oldtimer said:
Tam said:
Hey Oldtimer know of any Dems that have been known not to cooperate with the IRS and evaded paying taxes? Hint TURBO TAX second hint oversees IRS. :wink:

Yep-- both parties have crooks-- but this one might be interesting since number 1 McCain economic advisor Foreclosure Phil Gramm- and father of financial deregulation- was UBS's lead man in the US acting as vice-chairman of UBS's investment bank operations in the US...And he does a lot of hobnobbing with the rich crooked Republicans.... :wink:

Either way- they should string them up- and run both UBS and Foreclosure Phil out of the country....

Why are the Crooks that are Dems given a free pass by you to be seated in Obama's Cabinet where they can hobnob with other rich crooked Dems in his government? :wink:
 
A

Anonymous

Guest
Tam said:
Oldtimer said:
Tam said:
Hey Oldtimer know of any Dems that have been known not to cooperate with the IRS and evaded paying taxes? Hint TURBO TAX second hint oversees IRS. :wink:

Yep-- both parties have crooks-- but this one might be interesting since number 1 McCain economic advisor Foreclosure Phil Gramm- and father of financial deregulation- was UBS's lead man in the US acting as vice-chairman of UBS's investment bank operations in the US...And he does a lot of hobnobbing with the rich crooked Republicans.... :wink:

Either way- they should string them up- and run both UBS and Foreclosure Phil out of the country....

Why are the Crooks that are Dems given a free pass by you to be seated in Obama's Cabinet where they can hobnob with other rich crooked Dems in his government? :wink:

Which one purposely and knowingly smuggled their money out of the country- and deposited it in a foreign bank- to avoid US taxes :???:

Lots of difference in not paying your taxes- making errors or underpaying- and purposely smuggling your money out of the country to hide it....As I said before- as I found out- even the top Accounting, Tax Attorney, and Tax firms- even when given all the information correctly- misinterpret and make mistakes on deciphering the reams of US tax law...
Apparently you've never been audited in the US....
 

Tam

Well-known member
Oldtimer said:
Tam said:
Oldtimer said:
Yep-- both parties have crooks-- but this one might be interesting since number 1 McCain economic advisor Foreclosure Phil Gramm- and father of financial deregulation- was UBS's lead man in the US acting as vice-chairman of UBS's investment bank operations in the US...And he does a lot of hobnobbing with the rich crooked Republicans.... :wink:

Either way- they should string them up- and run both UBS and Foreclosure Phil out of the country....

Why are the Crooks that are Dems given a free pass by you to be seated in Obama's Cabinet where they can hobnob with other rich crooked Dems in his government? :wink:

Which one purposely and knowingly smuggled their money out of the country- and deposited it in a foreign bank- to avoid US taxes :???:

Lots of difference in not paying your taxes- making errors or underpaying- and purposely smuggling your money out of the country to hide it....As I said before- as I found out- even the top Accounting, Tax Attorney, and Tax firms- even when given all the information correctly- misinterpret and make mistakes on deciphering the reams of US tax law...
Apparently you've never been audited in the US....

The big thing is Tim signed papers to collect the money from his employer to pay those taxes but didn't pay those taxes until he was tapped to fill the Sec of Treasury seat. How many others that are KNOWN TAX CHEATS get a Sec of Treasury seat??????

YOU backed a KNOWN TAX CHEAT to fill a cabinet seat in OBAMA's government and now you want Republicans that avoid taxes to be tossed out of the country. TWO SETS OF RULES OLDTIMER. :wink:
 
A

Anonymous

Guest
TWO SETS OF CIRCUMSTANCES....

Lots of difference between a mistake or something overlooked and purposely hiding it......

Should Sarah Palin be strung up because she didn't report her per diem payments on her taxes :???:

I've known County Commissioners and Mayors that showed up on the delinquent tax rolls--mainly because they had been advised by their accounting people to do so- since they could make money by putting that tax money in the bank and drawing interest- and the interest paid was more than the tax penalty charged...
A lot were scrambling tho to pay them when the Treasurer started publishing the names in the paper :wink: -- but they did nothing illegal...
 

hypocritexposer

Well-known member
Swiss party wants to punish U.S. for UBS probe
Sat Feb 21, 2009 9:53am EST

ZURICH, Feb 21 (Reuters) - The right-wing Swiss People's Party (SVP) called on Saturday for retaliation against the United States over a U.S. tax probe into the country's biggest bank UBS that threatens prized banking secrecy.

The populist SVP, the country's biggest party, said Switzerland should not take in any detainees from the U.S. prison for terrorism suspects at Guantanamo Bay in Cuba, which the Swiss government said last month it could consider to help shut the camp down.

Switzerland should also reconsider its policy of representing the United States in countries where it has no diplomatic presence, the parliamentary SVP said in a statement.

The SVP said gold stored by the Swiss National Bank in the United States should be repatriated and Switzerland should ban the sale of U.S. funds in the country to protect Swiss investors after the failure of U.S. regulators.

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSTHO15017420090221
 

Steve

Well-known member
OT
Should Sarah Palin be strung up because she didn't report her per diem payments on her taxes

the simple answer is yes... the complicated answer is she should never have recieved the payments.. period... so it will stain her image as it should...

OT
I've known County Commissioners and Mayors that showed up on the delinquent tax rolls--mainly because they had been advised by their accounting people to do so- since they could make money by putting that tax money in the bank and drawing interest- and the interest paid was more than the tax penalty charged...
A lot were scrambling tho to pay them when the Treasurer started publishing the names in the paper -- but they did nothing illegal...

and if a person does that even if I like the guy,,, it would amke me think twice about voting for them... it might not be the deciding issue, but it would be an issue with me.. honesty is a factor.. as well as good business sense... but good business sense will not over-ride honesty and ethics in a political position,,
 

hopalong

Well-known member
Steve said:
OT
Should Sarah Palin be strung up because she didn't report her per diem payments on her taxes

the simple answer is yes... the complicated answer is she should never have recieved the payments.. period... so it will stain her image as it should...

OT
I've known County Commissioners and Mayors that showed up on the delinquent tax rolls--mainly because they had been advised by their accounting people to do so- since they could make money by putting that tax money in the bank and drawing interest- and the interest paid was more than the tax penalty charged...
A lot were scrambling tho to pay them when the Treasurer started publishing the names in the paper -- but they did nothing illegal...

and if a person does that even if I like the guy,,, it would amke me think twice about voting for them... it might not be the deciding issue, but it would be an issue with me.. honesty is a factor.. as well as good business sense... but good business sense will not over-ride honesty and ethics in a political position,,


The simple answer is oldtimer probably turned his head too many times to keep himself in office and it failed the last time he ran!
Makes you wonder how many cases he has presided over as a JP that are now being looked at for inappropriate bad judgement by the very people who swore him in!
Claims to be a brand inspector yet thet are no records that to have found in Montana that list Richard Britzman as a brand inspector, But that is no surprise as he spends all his time on the NET TV WATERHOLE looking for something to be able to make himself look good , and failing MISERABLY
 

Tam

Well-known member
Oldtimer said:
TWO SETS OF CIRCUMSTANCES....

Lots of difference between a mistake or something overlooked and purposely hiding it......

Geithner claimed the money from his employer to pay the taxes and he signed a paper saying the money was to pay the taxes the company didn't pay on his behalf. He had to have known the tax wasn't paid when he signed the paper claiming the money. HE DIDN"T TAKE THE MONEY AND PAY THE TAX HE BANKED IT.
Then he was audited and was told to pay the taxes but he didn't pay ALL THE BACK TAXES until he was tapped to take the seat of Sec of Treasury. SO how in the sam H**l can you claim it was a mistake?

His accountant told him he could not use his kids summer camp fees as a deduction but guess what OLDTIMER HE CLAIMED THEM. Was that just a "mistake" too?

Tim Geithner is a known TAX CHEAT ie CROOK and the only difference in CIRCUMSTANCES....is that he is a DEM and you SUPPORTED HIS APPOINTMENT. :wink:
 

hypocritexposer

Well-known member
The employees of Goldman Sachs and UBS gave Obama more than $260,000 combined. His top fundraisers include David Heller, a managing director at Goldman, and Robert Wolf, chief executive of UBS Americas.

http://www.washingtonpost.com/wp-dyn/content/article/2007/04/17/AR2007041701688.html

"[Obama] Said He Retained A Broker At UBS Recommended By A Wealthy Contributor, George W. Haywood, When He Decided To Set Up A Blind Trust For The Riskiest Part Of His Investment Portfolio." (Jeff Zeleny and Christopher Drew, "Obama Says His Investments Presented No Conflicts Of Interest," The New York Times, 3/8/07)

"The Senator Declined To Identify The Financial Adviser At UBS, The Giant Financial Firm." (Jeff Zeleny and Christopher Drew, "Obama Says His Investments Presented No Conflicts Of Interest," The New York Times, 3/8/07)

ABC News’ "The Note": "The main question that remains: how did the (still-unmasked) broker make those two stock picks?" (ABC News’ "The Note," 3/9/07)
 
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