Credit Suisse Pleads Guilty To Conspiring To Aid Tax Evasion

By: Tuesday May 20, 2014 12:10 pm

It has finally happened, a Wall Street firm has pleaded guilty to a felony. Credit Suisse, to address criminal activity that occurred for decades, pleaded guilty to one count of conspiring to aid tax evasion. The firm will also pay a fine of $2.6 billion and have an independent monitor for two years.

 

Report: Swiss Banks Used ‘Cloak And Dagger’ Tactics To Avoid US Tax Law

By: Wednesday February 26, 2014 8:01 am

Names’ Bond, Municipal Bond. According to a new report by the Senate avoiding taxes has become absurdly clandestine with Swiss bankers using “cloak and dagger” methods when advising their clients. Swiss banking giant Credit Suisse used every trick in the book to help 22,000 of its US customers evade the law. While some of the [...]

Surveillance of Banksters Please

By: Tuesday June 11, 2013 3:44 pm

Why not apply spy technology to money laundering, tax evasion and other financial issues?

Under Ryan Plan, Romney’s Tax Rate Shrinks Under 1%

By: Monday August 13, 2012 6:55 am

If the Romney campaign thought that their Vice-Presidential selection would take the heat off their candidate’s refusal to release more than two years of tax returns, that was laid to rest when Bob Schieffer asked Paul Ryan last night on 60 Minutes how many years of tax returns he had to give to the campaign. “Several years” was the reply, followed by the statement that he would only release two years. And Mitt would pay less than 1% in taxes under Ryan’s tax plan.

Bond Markets Control Governments

By: Tuesday July 31, 2012 3:41 pm

We have plenty of evidence that governments are afraid of bond markets. In the US, fears of the retaliation of the bond market have driven the fiscal policy of both parties. And the amount of money traded in bond markets is enough to overwhelm weak governments and seriously affect even stronger ones.

Après Bain, le déluge

By: Wednesday July 11, 2012 10:00 am

There is a part of me that wishes that the drip drip drip of tales of Mitt Romney’s American Workers Trail of Tears for had started trickling out after the late August Republican nominating convention because . . .

IMF’s Lagarde, Who Chided Greece for Tax Evasion, Doesn’t Pay Taxes

By: Tuesday May 29, 2012 11:50 am

You remember Christine Lagarde said she didn’t sympathize with Greeks as much as she did, say, African children, because Greeks got themselves into their own mess by not paying their taxes. That’s true more for the rich in Greece than the poor, who are bearing the brunt of the suffering during the depression, however. But it appeared to be an unnecessarily cruel thing to say, as evidenced by Lagarde walking back the comments on Facebook after making them. Turns out she doesn’t pay taxes.

Dayen’s Roundup from May 8, 2012

By: Wednesday May 9, 2012 6:30 am

In his continuing quest for intelligent life and hope, our intrepid reporter scans the universe for links to stories of interest, including Bank of America, David Brooks, Heartland Institute, fiscal cliff, gas prices, tax evasion, fracking regulations, Greece, marriage equality, underwear bombs, crazy Kansas or Sasha Boron Cohen and worse.

Apple Hoards Cash Offshore; Makes Products Abroad in Abusive Conditions

By: Wednesday November 2, 2011 11:30 am

Students and Scholars Against Corporate Misbehavior (SACOM), a Hong Kong-based group, reports that Apple’s major manufacturing contractors in Asia routinely subject employees to forced overtime, wage theft and no breaks — and even unprotected exposure to toxins.

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