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Swiss party wants to punish U.S. for UBS probe
Reuters ^ | 02.21.09 | reuters

Posted on 02/22/2009 10:37:50 AM PST by dollarbull

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.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy
KEYWORDS: gold; ubs
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To: dollarbull

Can’t say as I blame them: END THE IRS~!


41 posted on 02/22/2009 1:34:33 PM PST by JSDude1 (R(epublicans) In Name Only SUCK; D(emocrats) In Name Only are worth their weight..)
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To: SeeSharp
Well given that all taxation is a form of theft I can't begrudge someone getting out of it just because I didn't.

It's not theft. You elect the clowns who tax you. It's not theft if you've volunteered for it.

42 posted on 02/22/2009 1:39:39 PM PST by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: OrangeHoof
The Swiss banks have done their privacy thing for generations and the world has survived. I see no reason for us to stick out noses in it now.

The world has survived, but not everyone in it. Osama bin Laden exploited Swiss banking privacy to deadly effect -- my apologies to Swiss bankers huddled around barrel fires for warmth -- but I think the lives of 3000 New Yorkers significantly outweigh my concern for their ability to market financial products.

43 posted on 02/22/2009 1:43:21 PM PST by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: SeeSharp
And exactly how will those be harmed (other than privacy)? I'm not tying to turn into an Obama-bot liberal on the issue. But these safe havens have been used to hide criminal money and activity for most of recorded banking history.

I just don't like money being able to buy privacy and secrecy that the average working stiff can't have. If my accounts can be pried into on the whim of the government - why do they get the privilege? Either make ALL of our acounts off-limits to prying, or open them all up (since ours are all already that way).

44 posted on 02/22/2009 2:05:43 PM PST by TheBattman (Pray for our country....)
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Comment #45 Removed by Moderator

To: OrangeHoof
Why is that difficult to understand?

I agree with what the swiss are doing. The only mistake they made was selling some of their gold
46 posted on 02/22/2009 2:32:23 PM PST by dollarbull
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To: gondramB

All of this time wasting nonsense could go away under H.R. 25.

Your retired expat couple who you are calling drug dealing money laundering criminals and who are shielding their assets from dufuses in Treasury have likely paid their taxes and do not want to pay for the ten years since expatriating after some dem A-hole got the dumbass idea to tax Americans permanently whether or not they are residing overseas or are no longer citizens.

Your actual drug gang criminals will certainly find sanctuary in other parts of the world outside Switzerland, and they won’t be bothered by your diatribe. And their movements and operations will likely be monitored by intelligence assets of CIA rather than some dweeb in IRS.

Which makes your post useless to the problem at hand.

Make yourself useful:
http://www.fairtax.org


47 posted on 02/22/2009 2:44:42 PM PST by Hostage
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To: johnnycap

LOL!!!

You are SO CORRECT!!!


48 posted on 02/22/2009 2:45:47 PM PST by GatĂșn(CraigIsaMangoTreeLawyer)
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To: Hostage

>>Your retired expat couple who you are calling drug dealing money laundering criminals and who are shielding their assets from dufuses in Treasury have likely paid their taxes and do not want to pay for the ten years since expatriating after some dem A-hole got the dumbass idea to tax Americans permanently whether or not they are residing overseas or are no longer citizens.<<

So are you saying that foreign banks who do business in the U.S. should be less regulated than American banks or do yoiu object to government oversight of all banks that do business in the U.S. ?


49 posted on 02/22/2009 3:06:25 PM PST by gondramB (Preach the Gospel at all times, and when necessary, use words.)
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To: gondramB

Maybe if you looked at the linked material first we would both save some time.


50 posted on 02/22/2009 4:52:46 PM PST by Hostage
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To: Hostage

That was a link to the flat tax people - a topic covered in great detail here.

That doesn’t tell me whether you are upset with my post because a foreign bank has to follow U.S. law if it operates here or whether you object to this type of regulation for any bank.


51 posted on 02/22/2009 5:59:42 PM PST by gondramB (Preach the Gospel at all times, and when necessary, use words.)
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To: gondramB

That was no link to any kind of ‘flat’ tax. Try again.


52 posted on 02/22/2009 6:48:34 PM PST by Hostage
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To: Alter Kaker
How generous of you. We all pay more so they can avoid taxes.

How generous of you. We all Everyone except our Democrat Ruling Class pays more so they can avoid taxes.

There, fixed it. Say, did One of the Democrat OverLords give you the OK to stop pulling on your galley oar so's you could be posting on Free Republic?

Maybe you need a taste of the lash, peasant...

53 posted on 02/22/2009 7:06:34 PM PST by an amused spectator (Obama: Beware of geeks bearing grifts)
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To: Hostage
"drug dealing money laundering criminals"

Sounds like it came from the same box of administration excuses that the "you want to pay more taxes because your deadbeat neighbor didn't pay his mortgage while you were paying yours, so's your own house value won't drop" excuse came from.

I swear to God that they have teams of people sitting around in Washington just thinking this crap up.

54 posted on 02/22/2009 8:32:21 PM PST by an amused spectator (Obama: Beware of geeks bearing grifts)
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To: an amused spectator
What do you think this dust up between the Obama admin and UBS/Swiss banking is about. I just can't see what the BHObots are trying to accomplish here???
55 posted on 02/23/2009 3:00:29 AM PST by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: iopscusa
What do you think this dust up between the Obama admin and UBS/Swiss banking is about.

Well, it's pretty clear that the Bush administration started the ball rolling on UBS, but it remains unclear to me what's REALLY going on.

I'm thinking it's the usual Obsessive-Compulsive government money collection types, but they really got undercut by the Obama administration with the Geitner/Daschle/Rangel/etc. nexus. Kinda of hard for the government to stand around beating its collective breast piously about "tax cheats", when half of the upper levels of the government are Tax Cheats.

More is going to come out - the thing to do is to watch who gets named as being a tax-cheat UBS customer, and who doesn't.

56 posted on 02/23/2009 6:17:16 AM PST by an amused spectator (Obama: Beware of geeks bearing grifts)
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To: an amused spectator

Thanks for the reply. Also thanks for the tip from your FR page on ths Heritage article: ‘The Over-Criminalization of Social and Economic Conduct’.
I have been discussing this very thing as a foundation for tyranny. Is there a related ping list?


57 posted on 02/23/2009 6:37:29 AM PST by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: iopscusa

No related ping list, but if you want to start one, include me in on it.


58 posted on 02/23/2009 7:01:49 AM PST by an amused spectator (Obama: Beware of geeks bearing grifts)
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To: A_Tradition_Continues

Get the law changed if you don’t like it.

Until then admit that laws are being broken.

I don’t see why overseas investment income should be a special case. It’s income to a person living in the US. Overseas taxes are handled reasonably as the costs they are.

In any case I for one look forward to all the ‘trust fund babies’ getting what’s coming to them from the IRS and federal prosecutors. Gotta wounder what the statute of limitations/look back period is for the Swiss banking investigation.


59 posted on 02/26/2009 5:52:11 PM PST by Dinsdale
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To: SeeSharp

If you’re for capitalism, liberty and anti-government they you would support the Swiss bank secrecy

what annoys me are the socialists who avoid paying taxes while demanding others to do it


60 posted on 03/02/2009 4:08:25 AM PST by 4rcane
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