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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: fred woodall who wrote (37299)	7/17/2008 10:26:57 AM
From: elmatador	Respond to of 220278

Offshore Tax Evasion Costs U.S. $100 Billion, Senate Probe of UBS, LGT Indicates By Evan Perez Word Count: 649 \| Companies Featured in This Article: UBS, Westfield Group WASHINGTON -- The U.S. loses about $100 billion annually due to offshore tax evasion, according to a Senate probe that is taking aim at Swiss bank UBS AG and Liechtenstein's LGT Group for allegedly marketing tax-evasion strategies to wealthy Americans. U.S. clients hold about 19,000 accounts at UBS, with an estimated $18 billion to $20 billion in assets, in Switzerland, according to the findings from the Senate probe and Justice Department prosecutors. The findings by the Senate Permanent Subcommittee on Investigations come ahead of a hearing Thursday featuring testimony from senior officials from the Internal Revenue Service and the Justice