“In everyone there is some willingness to merge with the anonymous crowd and to flow comfortably along with it down the river of pseudo-life."
-Vaclav Havel, 'The Power Of The Powerless'.
“Art is anything you can get away with.”
– Andy Warhol
Indictments of Swiss Enablers for U.S. Tax Evasion through a "Singapore Solution;" One U.S. Taxpayer Guilty Plea
DOJ Tax issued this press release today: Indictment Unsealed Against Six Individuals and Foreign Financial Service Firm for Tax Evasion Conspiracy: Defendants Allegedly Used ‘Singapore Solution’ to Enable U.S. Clients to Evade Taxes on Over $60 Million Hidden Offshore, here. In a related action, the press release states that another person pled guilty to one count of tax evasion. I copy and paste the relevant information:
An indictment was unsealed today in New York, New York, that charges offshore financial service executives and a Swiss financial services company with conspiracy to defraud the IRS by helping three large-value U.S. taxpayer-clients conceal more than $60 million in income and assets held in undeclared, offshore bank accounts and to evade U.S. income taxes.
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