Credit Suisse Pays $510 Million Fine for Helping Clients Evade Taxes

Contributing sentiments towards policy:

52% : The bank pleaded guilty to, in the words of prosecutors, enabling "U.S. customers to evade their U.S. tax obligations in several ways, including by opening and maintaining undeclared offshore accounts for U.S. taxpayers at Credit Suisse A.G., and providing a variety of offshore private banking services that assisted U.S. taxpayers in the concealment of their assets and income from the I.R.S." Prosecutors said bankers at Credit Suisse had faked records, processed false donations and done business with more than $1 billion in accounts without feigning effort at tax compliance.

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