Not covered by the amnestyThey’ve got another week, but as yet, UBS’
tax cheats private-banking clients aren’t putting up much of a fight to keep their information out of the hands of U.S. authorities.
Just two Americans–out of the 500 notified last month that they were to be outed–have filed an appeal, so far. Switzerland warned them that the jig was up on Nov. 24 and gave them a month to appeal. Another 4,000 people are to have their account data handed over to the Justice Dept. under an August deal between Switzerland and the U.S. government; nothing has yet been divulged.
Of course, maybe there’s not much incentive to fight a losing battle–Swiss President Hans-Rudolf Merz declared Wednesday that the days of the Alpine tax haven are “over”–when the IRS has promised amnesty. Almost 15,000 have already given themselves up, the taxman says.
Swiss Report First Appeals Filed in UBS Tax Case [NYT]