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German tax inspectors have been raiding the homes of Credit Suisse (CS) clients suspected of tax...

German tax inspectors have been raiding the homes of Credit Suisse (CS) clients suspected of tax evasion, according to bank and government officials, focusing on ~5,000 clients who allegedly bought certain insurance policies during 2005-2009. It's part of a broader crackdown on Swiss banks in connection to possible tax evasion.
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Comments (3)
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    Coming soon to a town near you.
    12 Jul 2012, 02:44 AM Reply Like
  • marilyn61
    , contributor
    Comments (173) | Send Message
     
    The policies were sold to clients as a way of earning tax-free interest on savings. Surely it must be the responsibility of the saver to determine their tax obligations when they bought the products as each country is different.
    12 Jul 2012, 04:40 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Flash forward to 2016:

     

    "IRS agents are raiding the homes of those wreckers who failed to pay the $8500 tax required of all citizens who don't carry government-approved health insurance."
    12 Jul 2012, 09:05 AM Reply Like
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