Wednesday, July 16, 2008

Day of Reckoning? Super Rich Tax Cheats Outed by Bank Clerk

ABC News: Day of Reckoning? Super Rich Tax Cheats Outed
The bank clerk, Heinrich Kieber, has been branded a thief by the government of Liechtenstein for violating the country's bank secrecy laws.

He is now in hiding but scheduled to testify to the Senate's Permanent Subcommittee on Investigations Thursday via a video statement from a secret location, according to Congressional investigators.

Aides for committee chairman Carl Levin (D-MI) are scheduled to provide reporters with a background briefing later this morning in Washington on the committee's investigation of tax haven banks in Liechtenstein and Switzerland.
ABC News: Day of Reckoning? Super Rich Tax Cheats Outed


The names of the US citizens are now in the hands of the IRS and Senate investigators.

Washington lawyers say a number of prominent citizens have been subpoenaed to testify but have already indicated they will refuse to testify, asserting their Fifth Amendment right against self-incrimination.

It is not yet clear whether Senator Levin will insist they appear in front of the committee anyway.

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