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Credit Suisse Guilty of Tax Evasion

By ProvidentMetals.com on May 20, 2014 Filed Under: Uncategorized

Credit Suisse Guilty of Tax Evasion

International banking secrecy was delivered a massive blow on Monday, when Swiss banking giant and refiner Credit Suisse pled guilty to tax evasion and accepted a $2.6 billion penalty. Swiss banks, notorious for helping wealthy investors hide their money from the U.S. government, are nearly synonymous with “discretion.” This charge blows the lid off that…

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