The real welfare queens are finally turning up in the sights of law enforcement.
UBS clients seek amnesty on U.S. taxes
Mon Nov 24, 2008
Reuters
Some wealthy clients of UBS AG are coming forward to make amends with U.S. tax authorities after a former UBS private banker was indicted, a sign that U.S. efforts to battle offshore tax evasion are having the desired effect, the Wall Street Journal reported on its website...
The UBS clients are hiring tax lawyers and pursuing amnesty through an Internal Revenue Service (IRS) voluntary disclosure program, the paper said.
Under the program, U.S. citizens would be allowed to avoid criminal prosecution if they acknowledge evasion and agree to pay taxes and penalties, the paper said...
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