Credit Suisse to Surrender Names of U.S. Clients to IRS

[caption align=right]Photo by Gorka Montiel[/caption]

Switzerland's second largest bank, Crediut Suisse, has reached an agreement with the IRS to turn over names of U.S. citizens suspected of tax evasion.  The U.S. government has been pressuring the Swiss government and Swiss banks to aid the IRS in persuing tax evaders, who are suspected of costing the United States billions of dollars in lost revenue.

Citation: Lynnley Browning, Exclusive: Credit Suisse will disclose names of U.S. clients, Reuters, November 7, 2011.

 

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