Senate: Credit Suisse still helps rich Americans evade taxes

Senate: Credit Suisse still helps rich Americans evade taxes

SeattlePI.com

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U.S. lawmakers say Credit Suisse has kept allowing wealthy Americans to dodge tax payments. The Senate Finance Committee says a two-year investigation found that the embattled Swiss bank violated a 2014 plea agreement it entered for enabling tax evasion. The committee pointed to a possible criminal conspiracy tied to nearly $100 million in secret offshore accounts belonging to one family of American taxpayers that the bank didn’t disclose. The committee said its findings show that more than $700 million was concealed in violation of Credit Suisse’s 9-year-old plea deal.

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