US, Swiss Ask for Delay in UBS Secrecy Case

CNBC
Sunday, July 12, 2009

The U.S. and Swiss governments and banking giant UBS indicated Sunday they were seeking a settlement and asked a federal judge to delay high-stakes hearings on the Internal Revenue Service’s effort to identify thousands of suspected American tax evaders.

The one-page motion, filed in Miami less than 24 hours before the hearings were to begin Monday, said postponement is needed “to allow the two governments to continue their discussions seeking a resolution of this matter.”

Unless a deal is reached beforehand, the filing asks that the hearing be rescheduled for Aug. 3.

(ARTICLE CONTINUES BELOW)

U.S. District Judge Alan S. Gold did not immediately rule on the request, but judges routinely allow parties in civil cases extra time to settle out of court. Such a deal would likely include a large penalty against UBS and possibly require the bank to reveal at least some names, tax experts say.

The case seeking the identities of some 52,000 wealthy American clients suspected of hiding $15 billion at UBS has already sent shock waves through the international banking system.

Full story here.

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14 Responses to “US, Swiss Ask for Delay in UBS Secrecy Case”

LeFick Says:
July 12th, 2009 at 11:29 am
No. No delay, if the IRS is so hot to expose the evildoers, lets see how many are in Government high paying jobs, or are they trying to cover their own butts? they either expose everyone, or no one – I’m sick of selected enforcement and cover ups.
truth911 Says:
July 12th, 2009 at 12:51 pm
these people or groups are all useless rich criminals they stole the american hard working peoples money for years and cnbcw rights the story like they all of said groups of criminals are liked and respected you are are arrogant rich pigs you stole our money and we want it back

LRRP 1968 Reply:
July 12th, 2009 at 2:11 pm
You have no idea who they are, they could be your neighbor, I could even be one of them.
what fur?? Says:
July 12th, 2009 at 1:22 pm
they could save alot of gas by going after all they tax cheats in the pretender in cheifs(zulu) cabinet,geitner etc
Madman Says:
July 12th, 2009 at 4:15 pm
They need a delay to hide their secrets… gotta have a chance to stash that stolen loot, before the book keepers come in.
Filbert Flubottom Says:
July 12th, 2009 at 4:28 pm
It’s all a show…and the band plays on…
moose Says:
July 12th, 2009 at 8:43 pm
If the list were mostly Republicans, it would have been leaked by now. Washington Post could get this if they wanted it. A lot more has been leaked in a lot less time. A couple bucks in the right hands would have done it by now if the Government/Media complex wanted it done. Don’t make me out a Republican, they also make me ill. The Founders said not to do political parties. The founders said that political parties were just how the greed gets organized. New Wikipedia entry. ‘Political Party’. Definition—’organized greed.’
Angry Canuck Says:
July 12th, 2009 at 10:07 pm
Yarrr! Dare be treasure hiding in dem dare banks! I say they stole it from us… now we take it back, they are the pirates that would make us the privateers.
Confused Says:
July 12th, 2009 at 11:39 pm
If they are looking for tax cheats, shouldn’t IRS should first visit retired US Senator Tom Dashle, and the current Secretary of the Treasury Timmy Gaitner? They should be a lot less trouble to find…..
Rob in NC Says:
July 13th, 2009 at 3:24 am
Here’s a fucking question Geniuses:

If they (The Federal Reserve of which the IRS is the Collection Agent) can create money out of thin air, why the fuck are they taxing people?

Google Beardsley Rumel’s (head of the Fed Bank) “Taxation for Revenue is Obsolete”

Filbert Flubottom Reply:
July 13th, 2009 at 6:22 am
Because doing this as the totality of money produced will inevitably lead to runaway inflation. Give an addict crack and access to unlimited supply of the product and what happens?

Plus making people work and pay taxes keeps them occupied and their prying eyes/minds otherwise busy while those enjoying the fruits of their labour enjoy it.
Rob in NC Says:
July 13th, 2009 at 3:30 am
Oh, and one more thing:

Show me the part of the Internal Revenue Code that make ME liable for the payment of Income Taxes.

I want the Section Number and the Part number.

The IRS is no different than an organized criminal organization because the 16th Amendment, as now has been PROVEN (http://www.thelawthatneverwas.com), was NOT ratified by the States and Philander Knox (then Sec. of State) committed FRAUD when he stamped the Amendment as ratified ANYWAY.

Philander Knox should have been PROSECTUED for FRAUD.
Rob in NC Says:
July 13th, 2009 at 3:33 am
I simply refuse to be a slave to the Plutocrats.

They might kill me.

But I’ll die a free man with a clean conscious.

Other people will be content to be their slaves and to pay the cost of their own enslavement.
get rich money Says:
July 16th, 2009 at 11:39 pm
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