Offshore Accounts

Government Growth: IRS Hires Hundreds To Chase Wealthy

The only sector during the recession that is growing is the public sector.  How many caught this story yesterday in USA Today? For feds, more get 6-figure salaries Average pay $30,000 over private sector By Dennis Cauchon USA TODAY The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data. Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession's first 18 months — and that's before overtime pay and bonuses are counted. Federal workers are enjoying an extraordinary boom…
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Swiss Bank Closing Offshore American Accounts

According to Reuters, (and this post is being updated), UBS, a Swiss wealth manager, is closing U.S. clients' offshore accounts because of pressure from the United States Government, and the IRS is benefiting.  Read the article and open your minds. UPDATE 1-UBS closing U.S. clients' offshore accounts ZURICH, Jan 9 (Reuters) - Swiss wealth manager UBS AG (UBSN.VX: Quote, Profile, Research) (UBS.N: Quote, Profile, Research) is closing all the offshore accounts of its U.S. clients, the bank said on Friday, as it comes under pressure from U.S. tax authorities. The Swiss bank decided in July last year to stop offering…
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