Wednesday, August 19, 2009

Nothing is Assured but Death and Taxes!

But yet no one can get the Swiss to give up information on the millions of dollars of property stolen from the Holocaust victims by the Nazi government and stored in their vaults and protected accounts!

WASHINGTON – Swiss banking giant UBS AG agreed Wednesday to turn over to the IRS the details of 4,450 accounts suspected of holding undeclared assets by American customers, ending an intense trans-Atlantic legal fight.
IRS Commissioner Doug Shulman said the accounts held $18 billion in assets at one time. Many have since been closed, he said.
The deal will give the Internal Revenue Service thousands of long-sought account names, and is expected to provide even more UBS clients who voluntarily disclose their financial details to the agency, Shulman said.

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