The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo39° Cloudy

Thanksgiving Day

Hi47° Slight Chc Rain

Thursday Night

Lo41° Chance Rain

Friday

Hi48° Chance Rain

Friday Night

Lo29° Slight Chc Showers

Saturday

Hi30° Mostly Sunny

Saturday Night

Lo13° Mostly Clear

Sunday

Hi26° Sunny

Sunday Night

Lo13° Mostly Cloudy

Monday

Hi29° Mostly Cloudy

Swiss bankers admit ‘mistake’ shielding money

Send to Kindle
Print This

WASHINGTON — Credit Suisse executives admitted that the giant Swiss bank helped Americans shield as much as $12 billion from taxes and even acknowledged the practice was a “mistake” and “unacceptable.”

But they said they couldn’t do much beyond ending the active efforts of some employees to help U.S. customers evade taxes. That’s because Switzerland’s long-standing bank secrecy law, they said, prevents them from turning over the names of most of their tax-evading former customers to the U.S.

View my optionsorSign in