{"id":191399,"date":"2009-08-21T14:27:00","date_gmt":"2009-08-21T19:27:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/08\/21\/heres-hoping-for-some-real-gail-time\/"},"modified":"2009-08-21T14:27:00","modified_gmt":"2009-08-21T19:27:00","slug":"heres-hoping-for-some-real-gail-time","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/08\/21\/heres-hoping-for-some-real-gail-time\/","title":{"rendered":"Here&#8217;s Hoping for Some Real Gail Time"},"content":{"rendered":"<p>I&#8217;ve been following the tussle between the Swiss Bank UBS and the IRS over account for information for some time, and the fact that <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601110&amp;sid=akhfTU1vK3z8\">there is now a settlement<\/a> which involves handing over account information for <a href=\"http:\/\/www.reuters.com\/article\/businessNews\/idUSN1733457520090817?feedType=RSS&amp;feedName=businessNews\">about 4500 people<\/a>, and that <a href=\"http:\/\/www.cnbc.com\/id\/32413524\">prosecutors are working on over 150 criminal tax evasion cases<\/a> is a <span style=\"font-weight: bold;\">very<\/span> good thing.<\/p>\n<p>Even better is the fact that there is an amnesty deadline in September, and neither UBS nor the Feds are revealing which accounts have turned over, which is having <a href=\"http:\/\/www.cnbc.com\/\/id\/32427940\">the rich pig tax evaders running around like chickens with their heads cut off<\/a>, wondering whether or not they are among those accounts turned over.<\/p>\n<p>One of the effects of the tax amnesty program is that <a href=\"http:\/\/online.wsj.com\/article\/SB125062766094641063.html?mod=rss_whats_news_us\">about a dozen more banks have now been fingered as having aided clients in evading taxes<\/a>.<\/p>\n<p>Let&#8217;s be clear, for this to have a meaningful effect, there need to be dozens of prosecutions, and a significant number of people both imprisoned and made paupers by this process.<\/p>\n<p>That is the only way that repeat fraud will be deterred.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve been following the tussle between the Swiss Bank UBS and the IRS over account for information for some time, and the fact that there is now a settlement which involves handing over account information for about 4500 people, and that prosecutors are working on over 150 criminal tax evasion cases is a very good &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,1004,1017,972,983],"tags":[],"class_list":["post-191399","post","type-post","status-publish","format-standard","hentry","category-europe","category-finance","category-international-finance","category-justice","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191399"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=191399"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191399\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}