Swiss party wants to punish U.S. for UBS probe

flytiger · Feb 22, 2009

Quote from risktaker:

1. I'm sure those 'cheats' would be more willing to pay their taxes IF they didn't observe the constant WASTE, CORRUPTION, & fiscal stupidity of the US & state governments.

2. Those 'billion' hardworkers who want to come to the US, want to come BECAUSE the government is stupid in many cases to treat foreigners better than they do its own citizens.

3. As soon as those 'billion' are assimilated within US society (it takes about 5-7 years), they too become just as rotten/lazy because that's what this country is doing right now.

Nancy Pelosi bought 16,000 dollars worth of flowers her first year as Speaker. I paid my taxes anyway. What does one thing have to do with the other? It's the law. And to let the ones with access to the lawyers and brokers skate is tragic, as well as crooked. Golf has rules. Why not let Tiger play with illegal equipment because he can afford it.

I swear, some of you guys think with your feet.

buzzy2 · Feb 22, 2009

So you think Pelosi is not crooked? Letting her get away with it is not crooked?
Are you saying that if something is "legal" is not crooked? Right. Like the bank bailout, the TARPS, the stimulus bills....

tman · Feb 27, 2009

Quote from TraderZones:

Let us rephrase that. How is it the USA's problem if someone killed 300 people in Zurich, and then flee to the USA and asks asylum...

I would agree with you, but banking privacy is legal in Switzerland. Think of it like the USA issuing a summons for speeding on the autobahn.

TraderZones · Feb 27, 2009

Quote from tman:

I would agree with you, but banking privacy is legal in Switzerland. Think of it like the USA issuing a summons for speeding on the autobahn.

Except that UBS is also operating on American soil (Chicago, NYC, Stamford, and other US cities). UBS was violating American law on American soil, intentionally trying to help Americans cheat the American tax code.

In another vein, why do we try to eradicate drugs in Afghanistan, Mexico and Colombia? Because they are a major source of the drugs on US soil.

Why did Israel strike back against rockets launched from another country? Why does Hamas go after Israel on Israeli soil?

Or if a foreign country harbors major criminals or terrorists. An attacked country has the right to defend itself. If we had limited ourselves to Afghanistan, we were much more within our rights to attack the Taliban who had major activity training terrorists in camps.

Why did Georgia defend the Russian move into South Ossetia, which was sort of Georgian territory?

moneymonger · Feb 27, 2009

Quote from ang_99:

Sorry, US has NO right probing swiss banks. They are a sovereign nation with their own competitive tax laws.

I agree with this. I think the USA has every right to levy taxes on US citizens and residents who RESIDE within the boaders of the US. Taxation of non US source income for US citizens not residing within the US is morally wrong. As a nation we have reached a point where the 13th amendment and the 16th amendment are
in conflict with each other. The massive debt being piled upon
the up and coming generation ammounts to indentured servitude.

number22 · Feb 28, 2009

Quote from moneymonger:

I agree with this. I think the USA has every right to levy taxes on US citizens and residents who RESIDE within the boaders of the US. Taxation of non US source income for US citizens not residing within the US is morally wrong. As a nation we have reached a point where the 13th amendment and the 16th amendment are
in conflict with each other. The massive debt being piled upon
the up and coming generation ammounts to indentured servitude.

US taxation is paying for US citizens safety net around the world, US government has ever right to tax its citizen regardless where its citizen's residence status. No free-load, period.

On the other hand, US government doesn't has the right to spy on its citizen legal income from private banking. Private banking provides secrecy.

WaveStrider · Mar 4, 2009

http://biz.yahoo.com/ap/090304/na_us_ubs_secrets_congress.html?.v=8

UBS stock rose today. Maybe it is a buy for resisting attempts to reveal their client list. Would be interesting to see who is on that list to see how many names would be recognizable.

flytiger · Mar 4, 2009

All of them. What do you think the fight is about?

Behind this, you have Lichtenstein, Cayman, Curacao.........this is a world wide problem, and with the Western nation approaching bankruptcy, 150 billion a year is some big dough. That, and the fact that the government is afraid we'll march on the Capitol.

short&naked · Mar 4, 2009

Quote from TraderZones:

Swiss party wants to punish U.S. for UBS probe

http://www.reuters.com/article/wtMostRead/idUSTHO15017420090221

Let me get this straight, they are angry because the US is pursuing tax cheats???

Not the first country to get pissed off at the U.S. for bullying.

bwolinsky · Mar 4, 2009

Quote from ang_99:

Sorry, US has NO right probing swiss banks. They are a sovereign nation with their own competitive tax laws.

They're also the slime of the earth who financed the NAZI's.