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My goodness, this UBS scandal and all these rich people that avoided paying taxes to the US Government keeps getting more and more interesting.
Here’s an update from Australia. Would this be the real reason that Phil Graham has divorced himself from John McCain’s campaign.
“We have decided to exit entirely the business in question,” he said of questionable banking services for US residents. “That means UBS will no longer provide offshore banking or security services to US residents through our bank branches.”
But he also announced that UBS was now working with the US Government to “identify the names of US clients who may have engaged in tax fraud”.
How much US press will this issue get? My guess is very little.
Here’s a link to the original article as it appeared on Pennsylvania for Change.
Organizing for Change 