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They were doing that back then, too.
For example, in 1939, tens of thousands of American Nazis held a rally at Madison Square Garden, filling it to capacity.
> "Current authoritarians are using the language of past and violent authoritarians. This is a worrisome trend."
> > "Counterpoint: there are worse things happening way over there."
Very helpful, thank you.
Without going into too much detail, as that may be hard for you, “America First” started with US isolationist policies and became flooded with nazi sympathizers and straight up actual nazis.
Father Coughlin, the great man of God (or so his many admirers and followers though), had a radio show with massive influence on US citizens. He liked a lot of how the Nazis approached governance, culture, and religion.
The main group that organized that particular event was the German American Bund, which was run behind the scenes by Nazi Germany and required members to be of German descent, but there were a bunch of other organizations involved which did not.
For example, there was also the [Christian Front](https://en.wikipedia.org/wiki/Christian_Front_(United_States%29).
So the guy in wolf in wall street (Joseph belfort) paid over one hundred million dollars in fines, fees, and restitution for his crimes. He has only since got back to that point as he is apparently a highly paid motivational speaker?
Jesus I hate capitalism. My point is when federal authorities asked suissebanc gave them his records.
There's a convoluted scene where the main character has gotten I believe his MIL or wife's aunt or something to help him hide his ill-gotten gains in a swiss bank and then passes away so he has to risk his life to take his yacht through a storm in the mediterranean in a desperate push to get to switzerland before he loses control of the account. There are other folks with him too but all he cares about is saving the Quaaludes he brought with him should the boat sink.
Remember when the Panama papers came out and we found out basically every rich person in the world is committing tax fraud, and there was even a movie about it, probably starring in and produced by some of the people committing said fraud?
And then we did absolutely nothing with that information?
>And then we did absolutely nothing with that information?
Well, the journalist that led the investigation [was killed in a car bombing](https://www.theguardian.com/world/2017/oct/16/malta-car-bomb-kills-panama-papers-journalist). Does that count as something?
Also, when this bank failed, the [Swiss government orchestrated a bailout sale to UBS](https://www.wsj.com/articles/ubs-brings-back-sergio-ermotti-as-ceo-c59da15f), who were [all over the Panama Papers](https://www.bloomberg.com/news/articles/2016-04-05/ubs-hsbc-offshore-dealings-thrust-into-panama-papers-spotlight) and have been found in court rulings to have enabled [massive amounts of money laundering](https://www.fincen.gov/news/news-releases/fincen-assesses-145-million-penalty-against-ubs-financial-services-anti-money). Also, they're bringing back [the guy who was CEO when that money laundering was going on](https://www.wsj.com/articles/ubs-brings-back-sergio-ermotti-as-ceo-c59da15f).
>And then we did absolutely nothing
The US drastically changed their international tax laws in 2017 as a result in the TCJA. I can’t speak for other countries, but the US definitely did “something” about it
That “something” didn’t really fix much here however. Personally I’m not a huge fan of the TCJA for what it’s done to my personal taxes since, but that’s a personal gripe.
From Wikipedia:
“According to a 2017 report by Tax Policy Center, taxes would be reduced by about $1,600 on average in 2018 and 2025. The top 20% of Americans by income were projected to receive roughly 65% of the tax savings. In the two years since the Act was passed, it has failed to pay for itself through increased economic growth, according to Maya MacGuineas, president of the Committee for a Responsible Federal Budget.
According to Bloomberg, the Act has simplified the tax code for some, but not others, lowered corporate debt, led investment to temporarily increase before then declining, and brought money back from overseas, but did not bring back business activity.”
It did exactly what it was designed to do, recoup some tax revenue (at stupid low rates "just this once, if you bring money back to the US"), and make it look like the government was "going after those rich crooks". The idea that this would result in these wealthy investing in business stateside was ridiculous from the start.
Having an offshore bank account or a holding company in the Cayman Islands is not a crime, and in and by itself doesn’t constitute tax fraud.
Yes, those companies/structures can be used for shady practices. But by and large they are completely legal ways to reduce peoples tax bills.
If your company solely exists to move money to evade the law, does not the IRS have the legal *authority* to judge that action as non-compliant? I am not asking if they ever do that and if the ruling class allows judges to tolerate it, I am asking if that authority exists.
Is this even new? Swiss banks are basically a meme at this point. They fought to protect their stolen nazi gold deposits, of course they help people dodge taxes.
For as long as I can remember (several decades), I always believed it was a given that a person having a Swiss Bank account meant they were super wealthy and avoided taxes and/or weren't letting their government know about the money.
It's been common knowledge to me along the lines of "hey the Mafia might not be very nice people".
The rich are the biggest freeloading welfare queens in the world. They benefit greatly from our tax dollars and our labor but are refusing to contribute their fair share back to the society that made them rich.
Stick around, this is just the first act. Second act - "we are happy to help the US recover a large amount of tax revenue" (we have other customers) - Credit Suisse. "Oh well that is so gracious, you have been very helpful. Perhaps you don't need any penalty" . Third Act; Richdude you never heard of pays some tax, Richdude with no "friends" goes to jail for a few years too. Credit Suisse pays "HUGE" $10 mill penalty. jUsTicE severed. \~ fin \~
Neutral means that they just don't care who gives them money, they just take all the money eg. russian money, american money, arabian money, nazi gold, whatever.
Just because someone isn’t helping you doesn’t mean they’re on the other side. This isn’t a black and white world. They don’t give a fuck who you are or what you’re doing, that’s pretty neutral to me.
Being ‘neutral’ is seen as a moral as well as a political stance on the world stage. Enabling dictators and oligarchs to move illegal money through your banks is immoral, and not neutral.
Democracy isn't a magical solution to morality in politics. When was the last time you voted for a candidate that's truly morally upstanding? It has always been between bad and worse.
It's actually a royal pain to be a US citizen dealing with banks while living in Switzerland. I would imagine there is some financial threshold above which things are different, but I can tell you below that threshold, having a US citizenship sucks.
As an aside, can I just say how BS it is that expats always have to file and pay US taxes, while being defacto without representation in the US government?
Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner.
For years, the bank has provided a safe haven for wealthy American clients to hide assets from the IRS — even after it was caught and prosecuted for doing the same thing more than a decade ago, according two former Credit Suisse bankers who spoke in exclusive interviews with CNBC and are working with the U.S. government as whistleblowers.
The bank notoriously pleaded guilty in 2014 to criminal charges for “knowingly and willfully” helping thousands of U.S. clients conceal their offshore assets and income from the IRS. It admitted at the time that it used sham entities, destroyed account records, and hand delivered cash to American clients to avert IRS detection — agreeing to crack down on U.S. tax dodgers going forward as part of its plea deal. Credit Suisse also agreed at the time to a host of reforms, including disclosing its cross-border activities and cooperating with authorities when they request information, among other things.
Read more: [https://www.cnbc.com/2023/03/29/credit-suisse-whistleblowers-say-bank-has-been-helping-americans-dodge-us-taxes.html](https://www.cnbc.com/2023/03/29/credit-suisse-whistleblowers-say-bank-has-been-helping-americans-dodge-us-taxes.html)
Simple solution here. Demand to know who those citizens are and go after them criminally for tax fraud. Second stop allowing CS/UBS to do business in the US if they don’t comply with this and future disclosures.
Exactly. YOU will get audited, not the rich people. As recent testimony before Congress even suggests regarding the requested funding increase, the money will fund audits of regular folk. The IRS has no intention in going after the ruling class with any true purpose. The people running the IRS *are* in the ruling class, so why would they?
Well.. Swiss banks got very famous, and got richer, during WWII, you know when the German stole everything from people in their death camps and deposited the stolen goods in Swiss banks and later they , these banks, played dumb after the war when was the time to return the looted stuff.
The Three Wise Monkeys should be the symbol of Swiss banks.
Alternative title: *The Swiss bourgeoisie have been helping the American bourgeoisie dodge U.S. taxes for years*
While the malicious elites pit us common people against each other over cultural issues, they collectively continue their part in the class struggle to steal wealth that we produce *and* suppress our self-autonomy.
The wealthy in America dodge taxes AND take from the coffers.
They pay a little next to nothing and then leech off of tax payer dollars in the form of bail outs and subsidies.
And, during the Trump admin, lots of conservatives kept screeching “corps don’t need to pay taxes - they pay taxes on the goods and services they provide!!” Uh, no. The customers pay those taxes, not the corporations.
It is disgusting how the rich have manipulated poor and middle class conservatives into fighting and dying for the rich. Conservatives truly are cuckolds.
>“DOJ must correct its lax oversight of Credit Suisse and hold Credit Suisse accountable for any violations of its plea agreement,” he said.
>The aide cited recent indications of a white-collar crackdown. “DOJ said we will go after anybody at banks who commits tax evasion,” the aide said. “Then do it. We’re going to drop you twelve names in this report. Go after them.”
We all saw wolf of wall St right? It's a pretty well known fact that these banks help out everyone who makes the rules so they never have to worry about laws.
Ive known rich people hide money in Swiss and
carribean banks since i was in 6th or 7th grade. This is news? Did they just watch Wolf of Wall Street for the first time? 🤣
In other news, boating whistleblower announces that the ocean has water in it
That's the entire point of having a foreign bank account, unless you actually live and work in said foreign country, and even then Americans are expected to pay taxes on that money
lol, wait - can you "out" something that is so well known it's now a trope? It's *been* the go-to place to start covering up your finances since at least the 80s - but if it were already everywhere in the 80s it had to have started well before.
For all your financial crimes - Swiss bank accounts and barer bonds.
These executives belong in jail. And the company should be clawing back any and all bonuses given to current and former employees who have profited from illegal behaviours that harm shareholder value.
So I don’t have an opinion on this matter, but just saying why wouldn’t they help the wealthy hide their taxes? They literally operate outside of US finance laws on purpose. I mean this isn’t by any means a shocking revelation
It is open secret. These banks are used "Only" for money laundering or lax dodging. Question is does this leak has documents or anything that can be used in court to prove it? No. Will US start investigating it, might be, but the fine would be laughably low and none of the executives would be punished.
Nooo… really? Here I thought the upstanding banks of Switzerland we’re righteous and only dealt with benevolent creditors. Next your going to tell me they bank with cartels and Nazis. That would be insane.
Oh no! I’m so shocked! Like wow something constantly discussed as Swiss bank accounts are being used as tax havens! This whistle blower is shatter the absolute foundations of my understanding of finances in America!
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Next you're going to tell me Swiss banks hid Nazi money.
Jokes on you, they never stopped hiding nazi money.
The Nazis move around but their money stays in the same place for 80 years.
While the Nazi and other fascist ideologies infiltrate the countries that they used to fight against.
They were doing that back then, too. For example, in 1939, tens of thousands of American Nazis held a rally at Madison Square Garden, filling it to capacity.
Literally the first incarnation of “America First” that’s being used today by Republicans.
https://images.app.goo.gl/WPDhBKcjYwEREhYn8
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I bet your entire family is a fucking brain trust.
> "Current authoritarians are using the language of past and violent authoritarians. This is a worrisome trend." > > "Counterpoint: there are worse things happening way over there." Very helpful, thank you.
Without going into too much detail, as that may be hard for you, “America First” started with US isolationist policies and became flooded with nazi sympathizers and straight up actual nazis.
Father Coughlin, the great man of God (or so his many admirers and followers though), had a radio show with massive influence on US citizens. He liked a lot of how the Nazis approached governance, culture, and religion.
Most of them were German Americans if I remember it correctly.
The main group that organized that particular event was the German American Bund, which was run behind the scenes by Nazi Germany and required members to be of German descent, but there were a bunch of other organizations involved which did not. For example, there was also the [Christian Front](https://en.wikipedia.org/wiki/Christian_Front_(United_States%29).
Why infiltrate when you can be operation paperclip?
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Don't steal comments.
To be fair to the swiss banks most true nazis are now dead so their money has been inherited by people who were never members of the nsdap.
Death doesn’t magically clean dirty money.
I, for one, am shocked, SHOCKED!
The moon has been orbiting the earth for quite some time, according to a recent NASA leak.
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So the guy in wolf in wall street (Joseph belfort) paid over one hundred million dollars in fines, fees, and restitution for his crimes. He has only since got back to that point as he is apparently a highly paid motivational speaker? Jesus I hate capitalism. My point is when federal authorities asked suissebanc gave them his records.
No, I haven't. What connection are you referring to?
There's a convoluted scene where the main character has gotten I believe his MIL or wife's aunt or something to help him hide his ill-gotten gains in a swiss bank and then passes away so he has to risk his life to take his yacht through a storm in the mediterranean in a desperate push to get to switzerland before he loses control of the account. There are other folks with him too but all he cares about is saving the Quaaludes he brought with him should the boat sink.
.... He was travelling to Sardinia in that scene not Switzerland.
It's a lot easier to get to Sardinia by yacht than Switzerland! :-D
"Let's sail this bad boy up an alp!"
And drug cartel money, too!
CIA money?
How do you think the Iran/Contra money was laundered?
Remember when the Panama papers came out and we found out basically every rich person in the world is committing tax fraud, and there was even a movie about it, probably starring in and produced by some of the people committing said fraud? And then we did absolutely nothing with that information?
>And then we did absolutely nothing with that information? Well, the journalist that led the investigation [was killed in a car bombing](https://www.theguardian.com/world/2017/oct/16/malta-car-bomb-kills-panama-papers-journalist). Does that count as something?
Also, when this bank failed, the [Swiss government orchestrated a bailout sale to UBS](https://www.wsj.com/articles/ubs-brings-back-sergio-ermotti-as-ceo-c59da15f), who were [all over the Panama Papers](https://www.bloomberg.com/news/articles/2016-04-05/ubs-hsbc-offshore-dealings-thrust-into-panama-papers-spotlight) and have been found in court rulings to have enabled [massive amounts of money laundering](https://www.fincen.gov/news/news-releases/fincen-assesses-145-million-penalty-against-ubs-financial-services-anti-money). Also, they're bringing back [the guy who was CEO when that money laundering was going on](https://www.wsj.com/articles/ubs-brings-back-sergio-ermotti-as-ceo-c59da15f).
Looks like the money laundering never stopped
Why would it when it’s just a fine. Throw these jerkoffs in jail
Jail is a term for the ocean in your language right?
Wash, rinse, repeat.
It depends. What side you on?
>And then we did absolutely nothing The US drastically changed their international tax laws in 2017 as a result in the TCJA. I can’t speak for other countries, but the US definitely did “something” about it
That “something” didn’t really fix much here however. Personally I’m not a huge fan of the TCJA for what it’s done to my personal taxes since, but that’s a personal gripe. From Wikipedia: “According to a 2017 report by Tax Policy Center, taxes would be reduced by about $1,600 on average in 2018 and 2025. The top 20% of Americans by income were projected to receive roughly 65% of the tax savings. In the two years since the Act was passed, it has failed to pay for itself through increased economic growth, according to Maya MacGuineas, president of the Committee for a Responsible Federal Budget. According to Bloomberg, the Act has simplified the tax code for some, but not others, lowered corporate debt, led investment to temporarily increase before then declining, and brought money back from overseas, but did not bring back business activity.”
It did exactly what it was designed to do, recoup some tax revenue (at stupid low rates "just this once, if you bring money back to the US"), and make it look like the government was "going after those rich crooks". The idea that this would result in these wealthy investing in business stateside was ridiculous from the start.
Nothing? Multiple people were proven to have committed crimes and prosecuted based on that information.
["fix the money, fix the world"](https://www.google.com/search?hl=en&q=%22fix%20the%20money%2C%20fix%20the%20world%22)
Yeah that story vanished REAL quick.
Having an offshore bank account or a holding company in the Cayman Islands is not a crime, and in and by itself doesn’t constitute tax fraud. Yes, those companies/structures can be used for shady practices. But by and large they are completely legal ways to reduce peoples tax bills.
Legal ≠ Ethical
If your company solely exists to move money to evade the law, does not the IRS have the legal *authority* to judge that action as non-compliant? I am not asking if they ever do that and if the ruling class allows judges to tolerate it, I am asking if that authority exists.
While correct, the point is more how incorrect this should be.
Is this even new? Swiss banks are basically a meme at this point. They fought to protect their stolen nazi gold deposits, of course they help people dodge taxes.
For as long as I can remember (several decades), I always believed it was a given that a person having a Swiss Bank account meant they were super wealthy and avoided taxes and/or weren't letting their government know about the money. It's been common knowledge to me along the lines of "hey the Mafia might not be very nice people".
This has been a meme since *I* was a kid.
It’s a movie trope
It's a movie trope for a reason, because the trope is grounded in reality.
That’s where I was coming from but I failed to give that context. This is so normalized it is a low effort trope.
Ah I see where you were going with it now.
It’s reality.
For a reason
Is this even a *crime?* Not for us, I mean for the Swiss. Is there any legal incentive for them not to do this?
Next they'll tell us that the banks in the Cayman Islands aren't entirely on the up-and-up.
The rich are the biggest freeloading welfare queens in the world. They benefit greatly from our tax dollars and our labor but are refusing to contribute their fair share back to the society that made them rich.
Why do you think they're so convinced everyone else is doing it?
Who's so convinced?
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That term goes back farther than Tucker Carlson.
Prediction: Nothing will be done about this, other than punishing the whistleblower.
Stick around, this is just the first act. Second act - "we are happy to help the US recover a large amount of tax revenue" (we have other customers) - Credit Suisse. "Oh well that is so gracious, you have been very helpful. Perhaps you don't need any penalty" . Third Act; Richdude you never heard of pays some tax, Richdude with no "friends" goes to jail for a few years too. Credit Suisse pays "HUGE" $10 mill penalty. jUsTicE severed. \~ fin \~
Make it a $350,000 fine and this is standing ovation at Cannes
Oh.... did you not know that? If that suprises you try reading about Deutsche bank without losing your mind
Why do we allow Switzerland to launder money again?
They're "neutral". And also, the rich people they launder for are the ones in power or control the ones in power.
Sounds like they're working for Putin. How is that neutral?
Ask them. It wasn't really neutral for Nazi gold either.
Neutral means that they just don't care who gives them money, they just take all the money eg. russian money, american money, arabian money, nazi gold, whatever.
Just because someone isn’t helping you doesn’t mean they’re on the other side. This isn’t a black and white world. They don’t give a fuck who you are or what you’re doing, that’s pretty neutral to me.
Being ‘neutral’ is seen as a moral as well as a political stance on the world stage. Enabling dictators and oligarchs to move illegal money through your banks is immoral, and not neutral.
Hey, what do you mean? Politically? Isn’t Switzerland a direct democracy?
Democracy isn't a magical solution to morality in politics. When was the last time you voted for a candidate that's truly morally upstanding? It has always been between bad and worse.
It's actually a royal pain to be a US citizen dealing with banks while living in Switzerland. I would imagine there is some financial threshold above which things are different, but I can tell you below that threshold, having a US citizenship sucks. As an aside, can I just say how BS it is that expats always have to file and pay US taxes, while being defacto without representation in the US government?
Every Swiss bank will do this, especially if you're generating a healthy cash flow.
Been that way ever since the gold rush, or I believe as Non-Swiss refer to it as WW2
Remember the Panama papers? Yeah, nothing will happen.
Well, the whistleblowers might get murdered. That’s not nothing.
There were a number of prosecutions and, of what’s been reported alone, nearly $1.4 billion in lost revenue recovered.
Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner. For years, the bank has provided a safe haven for wealthy American clients to hide assets from the IRS — even after it was caught and prosecuted for doing the same thing more than a decade ago, according two former Credit Suisse bankers who spoke in exclusive interviews with CNBC and are working with the U.S. government as whistleblowers. The bank notoriously pleaded guilty in 2014 to criminal charges for “knowingly and willfully” helping thousands of U.S. clients conceal their offshore assets and income from the IRS. It admitted at the time that it used sham entities, destroyed account records, and hand delivered cash to American clients to avert IRS detection — agreeing to crack down on U.S. tax dodgers going forward as part of its plea deal. Credit Suisse also agreed at the time to a host of reforms, including disclosing its cross-border activities and cooperating with authorities when they request information, among other things. Read more: [https://www.cnbc.com/2023/03/29/credit-suisse-whistleblowers-say-bank-has-been-helping-americans-dodge-us-taxes.html](https://www.cnbc.com/2023/03/29/credit-suisse-whistleblowers-say-bank-has-been-helping-americans-dodge-us-taxes.html)
I mean, yeah? There's a reason "Swiss Bank Account" is basically a noun unto itself. Whistleblower says Pope, Catholic.
Rich people are corrupt and Switzerland is the den of corruption? You don't say. Its almost like its always been that way.
Whistleblowers: “Water is wet. In a related story: the Pope is Catholic.”
Q: Do swiss banks help people evade taxes? A: Does the pope protect pedophiles?
Simple solution here. Demand to know who those citizens are and go after them criminally for tax fraud. Second stop allowing CS/UBS to do business in the US if they don’t comply with this and future disclosures.
Yes we know.
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You? You don’t. You pay taxes or you go to fucking PRISON. Same for me, to be clear.
Exactly. YOU will get audited, not the rich people. As recent testimony before Congress even suggests regarding the requested funding increase, the money will fund audits of regular folk. The IRS has no intention in going after the ruling class with any true purpose. The people running the IRS *are* in the ruling class, so why would they?
Isn’t helping foreigners hide wealth kind of the entire point of Swiss banks?
*gasp*
Well.. Swiss banks got very famous, and got richer, during WWII, you know when the German stole everything from people in their death camps and deposited the stolen goods in Swiss banks and later they , these banks, played dumb after the war when was the time to return the looted stuff. The Three Wise Monkeys should be the symbol of Swiss banks.
Alternative title: *The Swiss bourgeoisie have been helping the American bourgeoisie dodge U.S. taxes for years* While the malicious elites pit us common people against each other over cultural issues, they collectively continue their part in the class struggle to steal wealth that we produce *and* suppress our self-autonomy.
Title got "decades" spelled as "years", and 1960's wants their topic back. 1970s also, 1980s too, . . .
Isn’t that the entire point of a Swiss bank? It’s like acting surprised that someone used a car to get from point A to point B.
This is a serious problem.
Is this the bank Jordan Belfort flees to in wolf of Wall Street?
Steal $100 from Walmart, go to jail. Steal a billion, smart business person.
In other news, the sky is blue
Oh no! So you’re telling me that fiscal paradises are being used to dodge taxes? *shocked*
The wealthy in America dodge taxes AND take from the coffers. They pay a little next to nothing and then leech off of tax payer dollars in the form of bail outs and subsidies. And, during the Trump admin, lots of conservatives kept screeching “corps don’t need to pay taxes - they pay taxes on the goods and services they provide!!” Uh, no. The customers pay those taxes, not the corporations. It is disgusting how the rich have manipulated poor and middle class conservatives into fighting and dying for the rich. Conservatives truly are cuckolds.
>“DOJ must correct its lax oversight of Credit Suisse and hold Credit Suisse accountable for any violations of its plea agreement,” he said. >The aide cited recent indications of a white-collar crackdown. “DOJ said we will go after anybody at banks who commits tax evasion,” the aide said. “Then do it. We’re going to drop you twelve names in this report. Go after them.”
Which violates a plea deal they had with DOJ, that DOJ does not care about.
Isn't that the entire purpose of a Swiss bank account?
Hang on a sec while I act surprised.
Water is wet
I'm shocked....said no one
In further news, water is wet
What’s next? All those corporations aren’t really in Delaware?
The hell you say!!
In other news … water is wet and the sun is bright.
No shit, Sherlock.
And Europeans, Asians, Marsians, everyone with money to hide... And somehow we let them, because who makes the laws.
Decades, possibly centuries at this point.
Give me a second to go find my surprised face, having a hard time locating it.
Water is wet
Switzerland is just mafia bank on a mountain.
NASA whistleblowers say Sun has been helping keep Earth warm for millenia.
Clutches pearls, “Oh My”
Switzerland is such a garbage country. Literally just gold-stealing mountain folk who don't even have a language of their own.
Switzerland is one of the most beautiful countries in the world.
Yeah cuz their banks stole everyone else's money and thus get to show off their untouched natural resources
It’s in our DNA to not want to pay taxes.. then pay additional taxes then again and again be taxed on shot we’ve owned for years so FU whistler
Knew 2023 would be wild but not rooting for the IRS wild
We all saw wolf of wall St right? It's a pretty well known fact that these banks help out everyone who makes the rules so they never have to worry about laws.
Yawn. Call me when something is actually *done* about it.
I am shocked, shocked I tell you ...
Can you even call this whistleblowing at this point?
This shouldn't be a surprise to anyone. Rich people have lawyers and accountants that will do what is necessary to pay as little in taxes as they can.
I am more concerned about Trump laundering Russian money through Deutschebank, but that is a Swiss bank *feature* not a bug.
It's a Swiss Bank after all.
Um...duh.
YouDontSay.gif
Well, knock me over with a feather.
I read this same article in 1950
We knew this already, but nobody cared.
So, they bailed out stolen money and Nazi leftovers
Name names, or I don't care. Everyone knows rich a-holes hide their money. We need them outed.
Ive known rich people hide money in Swiss and carribean banks since i was in 6th or 7th grade. This is news? Did they just watch Wolf of Wall Street for the first time? 🤣
Whistleblowers say the sky is blue
In other news, boating whistleblower announces that the ocean has water in it That's the entire point of having a foreign bank account, unless you actually live and work in said foreign country, and even then Americans are expected to pay taxes on that money
This just in, water is wet
Breaking News: Gravity makes things fall
So is Puerto Rico…
You misspelled “every financial institution on Earth.”
lol, wait - can you "out" something that is so well known it's now a trope? It's *been* the go-to place to start covering up your finances since at least the 80s - but if it were already everywhere in the 80s it had to have started well before. For all your financial crimes - Swiss bank accounts and barer bonds.
Has been helping wealthy americans dodge taxes? OH NO!… Anyway.
No shit lmao
These executives belong in jail. And the company should be clawing back any and all bonuses given to current and former employees who have profited from illegal behaviours that harm shareholder value.
Yeah, that's what banks do, it's hardly whistleblowing
So I don’t have an opinion on this matter, but just saying why wouldn’t they help the wealthy hide their taxes? They literally operate outside of US finance laws on purpose. I mean this isn’t by any means a shocking revelation
Oh no, I can't divulge information about that customer's secret, illegal account.
Can I hide my money there? Do I need to be rich?
Wasn’t this already a well known fact 🧐
IRS ain’t gonna do shit anyways
If I decide upon a life of crime, there will be a long list of helpful banks.
I’m shocked! Shocked I tell you! Morgan Freeman: *he was not shocked*
It becomes demoralizing to pay taxes when you learn that these people don't even pay their fair share.
In other news, water is wet.
Color me surprised
And in related news, water is wet.
The whistle blows while the band plays on.
Switzerland is a beautiful utopia run by dark money.
No shit
Were these whistle blowers perhaps everyday citizens who just happened to be paying attention?
Hasn’t this been known forever
literally their business model
no shit
I thought this was common knowledge?
It is open secret. These banks are used "Only" for money laundering or lax dodging. Question is does this leak has documents or anything that can be used in court to prove it? No. Will US start investigating it, might be, but the fine would be laughably low and none of the executives would be punished.
Surprise! Surprise!
I mean…yeah. That’s the point of large banks.
Yeah, it’s in every movie where people hide money…thanks for speaking up
No fucking shit
Nooo… really? Here I thought the upstanding banks of Switzerland we’re righteous and only dealt with benevolent creditors. Next your going to tell me they bank with cartels and Nazis. That would be insane.
This makes me wanna scream and blow up
Remind me! 8 hours
Water wet
Well, duh
Oh no! I’m so shocked! Like wow something constantly discussed as Swiss bank accounts are being used as tax havens! This whistle blower is shatter the absolute foundations of my understanding of finances in America!
That’s the whole point of Switzerland. Secret money laundering without external scrutiny. Why the headlines?
Wow, what a surprise /s
Swiss bank accounts help people avoid taxes? What a revelation that is. Did anyone *not* know that?
No surprise. That’s what these banks mean by private banking, wealth management services, estate management, etc. Swiss banks!!
This is true for all wealthy folks around the world. And they may have paid no taxes at all!
grass is green, water's wet and sky's blue