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[http://www.digg.com/world_news/ABC_News_Hundreds_of_Super_Rich_Under_...]
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Digg - ABC News: Hundreds of Super Rich Under Investigation
I don't want to hear ONE word from ANY of these people about their RIGHT TO PRIVACY!
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> hid as much $20 billion belonging to US citizens.
No, they hid their own money from the US government.
Buried as misleading
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I wonder how much more money would have been available to us, via government taxes voted on by citizens, for alternative energy research had that money been here in the US.
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The IRS has been trying to blurr the lines between "tax avoidance" which is legal and " tax evasion" which is not legal, for a long time.
There is not enough information in this story to prove that these people are evading taxes or avoiding taxes, or using these accounts for other purposes that are perfectly legal.
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While I'm not in favor of violating anybodies privacy, we're currently in a state of emergency.
Something like this could be equated to marshal law, where the ends justify the means.
The vast majority of the super-wealthy are the core problem with the currently broken U.S.
Political system.
It's nice (and very surprising) to see the government doing something against their wishes.
Of course that is yet to be seen, as the IRS hasn't actually DONE anything with this information yet.
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If I had that much money I wouldn't want the government stealing it from me either.
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Business? Quite simple.
It's Other Peoples Money.
-- Unknown
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Sadly they hid their money even after Bush tax cuts.
Come on, why should middle and lower, and slightly high pay their taxes while the super rich don't.
That is pure wrong.
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I'm sure it was going to trickle down eventually...
Right?
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Start hanging and don't stop until the last of the criminal usury parasites are swinging!
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The NWO eats it's own.
The only safe crook is the guy with immunity or the guy who has George Bush Sr.
As his best friend.
Ken Lay just had a Turkey Club sandwich and he's heading out to the back nine at some secret CIA resort, somewhere.
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20 BILLION DOLLARS?!?!?!
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I'm pressin' charges!
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I do disagree with Income taxing (which causes the hiding of money) however.
If the rich people have money, then they will provide jobs to the poor folks, in which they can climb up all the way to be rich.
Feel free to argue with me
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'The concentration of wealth ebbs and flows.
It naturally flows to the wealthy, but every once in a while it is forcefully taken from them and redistributed'
Will Durant
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I like how the article states that Lowy is currently out of the country.
Well, that's convenient!
I bet we won't see anytime soon
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If I had oodles of money and the government was taking about half the money I earned in order on frivilious bullcrap while giving tax rebates to citizens who paid no taxes (see: "stimulous" package) I'd do everything I could to keep Uncle Sam's hand out of my pocket.
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This is what happens when the government wants 50%+ of everything you make.
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HOORAY for disgruntled IT workers!
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Imagine if we didn't have income taxes...
Rich people would keep their money in America.
This money would be either in banks (preventing the mortgage crisis since banks would have some liquidity, i think?) or they would spend it on cars (which middle class people make), restaurants (where middle/lower class people work), homes (which middle class people build), etc.
Trickle down works IF the rich actually spend their money.
They won't spend it if they have no incentive!
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Crap. I have money in UBS.
If they lose their license in the US, as the article suggests that they might, what exactly does that mean?
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So you mean all those top 1% earners who supposidly pay all the taxes and create all of our jobs have actually been squirreling away their assets in shady overseas tax shelters while the middle class is left holding the bag?!
That is absolutely unprecidentented in HISTORY - words cannot express how shocked I am that our financial elite are ripping us off.
No, really!
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Why would a super rich person who's already set for life many times over risk PMITA federal prison to get even more money?
What, $100 million isn't enough, they'll only be happy if they have $200 million?
Wtf.
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"You and us UBS"
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So, now that the folks with all the power are under the watchful eye of the IRS, perhaps they can change the IRS.
It could never happen otherwise.
Here's hoping that some elected officials are caught up in it, too.
Now that would be funny.
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I don't feel that hiding money would fall under the idea of "right to privacy".
This situation is like hiding a corpse of someone you killed and complaining when your gardener turned you in after he saw the body, dispite the fact that he promised not to tell.
Two wrongs don't make a right, they just make it more complicated as to what blame resides with which party.
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May be they're trying to recoup some of the 20 or so some odd billions they simply 'lost' in Iraq.
Or any number of the millions misplaced over Katrina.
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When I think of hiding money it is so thieves don’t steal from me.
Looks like they were doing the same thing.
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The Italians are said to have published the names, but the website is gone.
And it's not clear from what I've read whether it was just Italian citizens, or the whole list.
Does anyone have it, or know where it can be gotten?
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That IT guy may receive billions for being a grass, but...piss people with that much money off, and I'm damn sure they'll find you eventually.
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"hid as much $20 billion belonging to US citizens"
If they didn't do anything criminal, their money rightfully belongs to them....
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The Big Dig tunnel in Boston was suppose to cost 3 billion
as of today its now up too 22 billion dollars
for 8 miles of road that kills people and floods
75% of which has to be paid by the people of Massachusetts
you may now rant about how its greedy evil republicans who hid this money in Liechtenstein from this article
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Before anyone starts ranting about the evil rich, ask yourselves this.
If you had the wealth, the resources and the know-how to stash some money away and avoid taxes wouldn't you do it too?
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If these people used illegal means to get their money into these banks, then of course they should be charged.
But, as far as I know, it's perfectly legal to have assets in foreign banks, right?
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This guy from Lichtenschtein should get his ass kissed from our govt for giving us these names.
Please justice system work and get this money back!
I can't wait to see this list of the whos who of douchebags.
Serioulsy, a 50% penalty on half of the savings of 20 billion?
Thats not chump change, that's like a week in Iraq!
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FTA "Bob Bennett, a lawyer for Lowy, who is a prominent contributor to both Democratic and Republican candidates, told ...."
What does that have to do with any of this?
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Update: UBS to stop offshore banking for U.S.
Residents
http://biz.yahoo.com/rb/080717/ubs_taxevasion.html
"Swiss bank UBS will no longer provide offshore banking and securities services to U.S.
Residents through its branches, a UBS executive said on Thursday."
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He's as good as dead.
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Any time great quantities of cash are amassed thieves will be attracted.
Whether it's $100 in a ghetto sock, a million in an millionaire's fund, or the billions in all of our collective 401Ks, thieves will come and try to take it.
Usually that thief is someone representing the Gov't.
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A farse.
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But you're damn right the IRS is going to go after Wesley Snipes for not paying his taxes!
A black guy not paying his taxes?
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I hope that catch that rat snitch and make sure he never sees the light of day again.
It's weak minded people like that, that deserve harsh punishments.
Now he's getting rich off of dropping dimes and doing radio and tv interviews.
The IRS is GIVING him upwards of 30% of what they take from the people, who rightfully protected their own investments.
STOP SNITCHING!
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Wow I could of sworn Lowey was Australian, his old man is definitely Australian..
Anyways I wonder how many Bush Library donors are on that list.
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Good. I'd rather the rich keep their money than hand it over to government.
They can't possibly put it to worse uses than our government.
Besides...
It's THEIR
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No wonder UBS has been doing so well.
I noticed them several years ago during one of the tennis Grand Slams.
To go from no where to absolutely piercing the market, I wondered if they were up to something *shifty eyes*
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Super rich - that comment in itself is biased.
It suggests that your a blood sucking greedy evil tax evader.
It's revealing of those that assume everyone on that list is guilty of tax evasion.
It's really class envy, and this it the hallmark of socialism.
Without the super rich we wouldn't have jobs, etc.
I applaud them to avoid paying taxes - we all (US citizens) do it every time we file.
The 16th amendment was never ratified anyway.
The IRS is nothing more than thug trying to invent ways to extract all our cash so that our huge bureaucracy can push it's agenda.
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I am sure some will claim "Executive Privilege"....
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How much you want to bet Karl Rove closed accounts for some friends before this went public.
That's why he needed to leave so suddenly....
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When the revolution comes, they'll be the first against the wall.
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