Oh Yeah. Whadda Way To Start the Week.
Turn out the lights, Willie.
Swiss banks will probably settle a sweeping U.S. probe of offshore tax evasion by paying billions of dollars and handing over names of thousands of Americans who have secret accounts, according to two people familiar with the matter.
U.S. and Swiss officials are concluding negotiations on a civil settlement amid U.S. criminal probes of 11 financial institutions, including Credit Suisse Group AG, suspected of helping American clients hide money from the Internal Revenue Service, according to five people with knowledge of the talks who declined to speak publicly because they are confidential.
I am ready to bet my best pair of pink boots that the names on that list match up exactly to the names of people who call themselves “job creators.”
Oh, and can you even imagine the fun that divorce lawyers are gonna have?
Thousands of names, thousands. And every one of them is a tad arrears in taxes. With interest accrued, we can probably pay off the national debt or Newt’s Tiffanys account.