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To: RayChuang88

Oh you missed it! The US govt got the Swiss banks to give lists of US citizens with offshore accts in their banks. Now whether Singapore, Bahamas or other offshores will do it remains to be seen, but I guarantee the Obama Admin will get a piece of that pie too, as they get them for income tax evasion...they are going for all of it...and are just beginning the money grab.


30 posted on 02/26/2009 7:00:55 PM PST by Kackikat
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To: Kackikat

The US government can go after Swiss banks because of their known complicity in very illegal tax evasion schemes for US customers. But going after banks in the Bahamas, Bermuda, Cayman Islands, Panama, Singapore, etc. is quite something else, because unless you get the co-operation of the local government you can forget about repatriating that money anytime soon.


33 posted on 02/26/2009 9:12:49 PM PST by RayChuang88 (FairTax: America's economic cure)
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