Internal Revenue Service Investigation of Swiss Bank UBS
2009-03-05T00:49:19-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNTRkXC8yODQ0MTMtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Witnesses testified about foreign bank disclosure policies on accounts held by U.S. citizens. The hearing focused on investigations of tax evasion and the status of a “John Doe” summons served on the UBS bank seeking the names of U.S. clients with UBS Swiss accounts that have not been disclosed to the Internal Revenue Service. Topics included the role of U.S.-Switzerland tax and legal assistance treaties, and the effect of Swiss secrecy laws on pending U.S. information requests. Mr. Branson, a senior executive for UBS AG, said that the bank regrets breaking U.S. tax laws, but it does not intend to hand over the client names being sought in the lawsuit.
Witnesses testified about foreign bank disclosure policies on accounts held by U.S. citizens. The hearing focused on investigations of tax e… read more
Witnesses testified about foreign bank disclosure policies on accounts held by U.S. citizens. The hearing focused on investigations of tax evasion and the status of a “John Doe” summons served on the UBS bank seeking the names of U.S. clients with UBS Swiss accounts that have not been disclosed to the Internal Revenue Service. Topics included the role of U.S.-Switzerland tax and legal assistance treaties, and the effect of Swiss secrecy laws on pending U.S. information requests. Mr. Branson, a senior executive for UBS AG, said that the bank regrets breaking U.S. tax laws, but it does not intend to hand over the client names being sought in the lawsuit. close
People in this video
Hosting Organization
Purchase a Download
Internal Revenue Service Investigation of Swiss Bank UBS
-
MP4 video - Standard
- Price:
- $9.99 or Free with MyC‑SPAN
-
MP3 audio - Standard
- Price:
- $0.99
Related Video
-
Investment Fraud and Offshore Tax Evasion
Witnesses testified about investment schemes such as the Bernie Madoff investment fraud scandal, and about offshore tax …
-
Presidential Remarks on the Economy and Bank Lending
President Obama delivered remarks following a meeting with top bankers. He told them to explore every responsible way to…
-
Presidential Remarks on Bank Assets Fee
President Obama proposed an increase in the taxes paid by the nation’s largest financial institutions designed to raise …
-
Financial Crisis Report
Senator Carl Levin (D-MI) and Senator Tom Coburn (R-OK) spoke to reporters and answered questions about a report on the …
User Created Clips from This Video
-
- 1 hour
- 48 views
-
- 3 minutes
- 31 views
-
- 25 seconds
- 7 views
-
- 19 seconds
- 6 views