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Monday, July 19, 2010

Banker Who Blew Whistle on Secrecy Over Tax Cheats Seeks Pardon

Banker Who Blew Whistle on Secrecy Over Tax Cheats Seeks Pardon

Snippet of Article: "...His disclosures preceded UBS’s decision to pay $780 million to avoid prosecution, admit it fostered tax evasion from 2000 to 2007, and turn over data on 250 secret accounts to the IRS. UBS later agreed to reveal data on another 4,450 accounts, a transfer upheld last week by the Swiss Parliament. For lifting the veil on Swiss bank secrecy, Birkenfeld said, he’s a hero, not a criminal. ..."

Reference: www.businessweek.com

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