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Prosecuting tax evaders

Discussion in 'U.S. Politics' started by PLC1, Aug 15, 2009.

  1. PLC1

    PLC1 Moderator Staff Member

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    US preparing to prosecute 150 UBS account holders

    I wonder how that will work out? What to you think?
     
  2. Andy

    Andy Well-Known Member

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    I would wager like most other prosecutions, they'll likely have a few convictions perhaps, but most will be settled with payments somewhere between what the IRS claims they owe (greatly inflated) and what they say they should pay (likely nothing), and they'll walk away from it.

    The IRS would much rather get the money, than get the conviction, which is true of any debt collection agency.

    Meanwhile, whatever loop hole allowed the IRS to make their lawsuit, the people involved, as well as the rest of the upper class, will immediately make their money more legal, by either moving it someplace else, or hiding it any trusts or other investments.
     
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