Hello guys I need help with this question;
- Read the WSJ articles above that show the scope of offshore tax evasion.
- Write a 1-page response summarizing what you found interesting in these articles.
UBS Whistleblower Gets $104 Million (Links to an external site.)
The Wall Street Journal
Now a Felon, Former Banker Told U.S. About Tax-Evasion Tactics by UBS and Its Wealthy Clients
A former UBS AG banker who helped the U.S. government unleash an international crackdown on tax evasion was awarded $4 million in what is believed to be the largest ever span whistleblower payout to an individual.
Credit Suisse Pleads Guilty in Criminal Tax Case (Links to an external site.)
The Wall Street Journal
Credit Suisse Group AG became the first financial institution in more than a decade to plead guilty to a crime Monday when the Swiss bank admitted it conspired to aid tax evasion and agreed to pay a.6 billion to settle a long-running probe by the U.S. Justice Department.
Uber Warehouses for the Ultra Rich (Links to an external site.)
The Economist
Ever more wealth is being parked in fancy storage facilities. For some customers, they are an attractive new breed of tax haven. (Note: Don’t worry if you cannot view this article as it may require a subscription. Instead, you can Google “freeports” such as the Geneva freeport to get an idea of the topic).
The Panama Papers Scandal (Links to an external site.)
The Wall Street Journal
Panama Papers (Links to an external site.) at a glance:
What are the Panama papers?
A huge batch of reports late Sunday linked 140 public figures, executives and celebrities around the world to overseas assets in offshore tax havens ranging from the British Virgin Islands to Panama. Iceland’s prime minister has resigned, while Russian President Vladimir Putin’s spokesman deflected criticism. More political pressure is likely to follow
