{"id":2899,"date":"2008-12-01T12:10:07","date_gmt":"2008-12-01T11:10:07","guid":{"rendered":"http:\/\/www.ethicalquote.com\/index.php\/2008\/12\/01\/us-is-said-to-expand-tax-inquiry\/"},"modified":"2008-12-04T12:33:31","modified_gmt":"2008-12-04T11:33:31","slug":"us-is-said-to-expand-tax-inquiry","status":"publish","type":"post","link":"https:\/\/www.covalence.ch\/index.php\/2008\/12\/01\/us-is-said-to-expand-tax-inquiry\/","title":{"rendered":"U.S. Is Said to Expand Tax Inquiry"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2008\/12\/02\/business\/02tax.html?_r=3&amp;sq=credit%20suisse&amp;st=cse&amp;adxnnl=1&amp;scp=2&amp;adxnnlx=1228388462-gccB62XbausxJCs\/thKswg\" target=\"_blank\" title=\"081204_irs.jpg\"><img decoding=\"async\" src=\"http:\/\/www.ethicalquote.com\/newTemplate\/wp-content\/uploads\/2008\/12\/081204_irs.jpg\" title=\"081204_irs.jpg\" alt=\"081204_irs.jpg\" align=\"right\" \/><\/a>The Justice Department has expanded its criminal investigation into foreign banks that sell offshore private banking services to include <a href=\"http:\/\/topics.nytimes.com\/top\/news\/business\/companies\/credit_suisse_group\/index.html?inline=nyt-org\" title=\"More information about Credit Suisse Group A.G\">Credit Suisse<\/a> and <a href=\"http:\/\/topics.nytimes.com\/top\/news\/business\/companies\/hsbc_holdings_plc\/index.html?inline=nyt-org\" title=\"More information about HSBC Holdings PLC\">HSBC<\/a>, according to people briefed on the matter. The investigation into the two European banks is an outgrowth of an  inquiry by federal prosecutors and regulators into <a href=\"http:\/\/topics.nytimes.com\/top\/news\/business\/companies\/ubs_ag\/index.html?inline=nyt-org\" title=\"More information about UBS AG.\">UBS<\/a>, the Swiss bank giant, over its sale of offshore banking services to wealthy Americans. Federal prosecutors, who are focusing on senior and midlevel executives and bankers at UBS, contend that UBS illegally helped American clients hide up to $20 billion in secret offshore accounts, thereby evading $300 million a year in taxes from 2000 to 2007. Image source: banks.com. &gt; <a href=\"http:\/\/www.nytimes.com\/2008\/12\/02\/business\/02tax.html?_r=3&amp;sq=credit%20suisse&amp;st=cse&amp;adxnnl=1&amp;scp=2&amp;adxnnlx=1228388462-gccB62XbausxJCs\/thKswg\" target=\"_blank\">Continue<\/a>.<\/p>\n<p>News selected by Covalence <span class=\"LinkBlueTransMedium\">| Country: <\/span>USA<span class=\"LinkBlueTransMedium\"> | Company: <\/span><font class=\"tdtext\"><a href=\"http:\/\/www.ethicalquote.com\/newTemplate\/index.php\/ethicalquote\/?value=7\">HSBC, UBS<\/a>, <a href=\"http:\/\/www.ethicalquote.com\/newTemplate\/index.php\/ethicalquote\/?value=7\">Credit Suisse<\/a><\/font><span lang=\"EN-GB\"><\/span><span class=\"LinkBlueTransMedium\"><\/span><span class=\"LinkBlueTransMedium\"> | <\/span>Source: <a href=\"http:\/\/www.nytimes.com\/2008\/12\/02\/business\/02tax.html?_r=3&amp;sq=credit%20suisse&amp;st=cse&amp;adxnnl=1&amp;scp=2&amp;adxnnlx=1228388462-gccB62XbausxJCs\/thKswg\" target=\"_blank\">The New-York Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Justice Department has expanded its criminal investigation into foreign banks that sell offshore private banking services to include Credit Suisse and HSBC, according to people briefed on the matter. The investigation into the two European banks is an outgrowth of an inquiry by federal prosecutors and regulators into UBS, the Swiss bank giant, over&hellip;<\/p>\n","protected":false},"author":665,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"wds_primary_category":0,"wds_primary_post_series":0,"footnotes":""},"categories":[1],"tags":[51,73,14],"post_series":[],"class_list":["post-2899","post","type-post","status-publish","format-standard","hentry","category-news","tag-credit-suisse","tag-hsbc","tag-ubs","entry","no-media"],"_links":{"self":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/2899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/users\/665"}],"replies":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/comments?post=2899"}],"version-history":[{"count":0,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/2899\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/media?parent=2899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/categories?post=2899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/tags?post=2899"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/post_series?post=2899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}