Top US senators urge extradition of Swiss bankers

   0   0 Blog, Enablers and intermediaries

From U.S. Senator Carl Levin:

WASHINGTON – The bipartisan leadership of the Senate Permanent Subcommittee on Investigations today urged the Department of Justice to seek extradition of Swiss residents whom the DOJ has charged with tax evasion offenses.

Sen. Carl Levin, D-Mich., the subcommittee’s chairman, and Sen. John McCain, R-Ariz., its ranking member, wrote Deputy Attorney General James M. Cole in response to his Feb. 26 testimony before the subcommittee in a hearing on Swiss bank assistance of tax evasion in the United States.

The letter points to Cole’s testimony that dozens of Swiss bankers and financial advisors have avoided trial on U.S. charges related to tax evasion. Cole testified that the Department of Justice has not sought their extradition because the Swiss government would refuse.

Levin and McCain write: “The extradition treaty between the United States and Switzerland, however, does not bar the extradition of Swiss nationals who assisted U.S. nationals in the commission of criminal tax evasion, and it is time to test the Swiss government’s professed willingness to cooperate with international tax enforcement efforts.”

We wrote about this recently, and the Senators’ logic is faultless. Indeed, democracy demands it.

But will the facilitators of criminality get their way?

 


Related Posts

Launch of international research collaboration, #AltAusterity

alt austerityToday is the launch of #AltAusterity, a new, international research collaboration of which Tax Justice Network is a partner.  The project aims to stimulate public debate on the subject of austerity though high quality research. It is a response to the lack of evidence which has underpinned the current policy agenda on austerity. The project […]

READ MORE →

RB tax avoidance – company calls for public country by country reporting after Oxfam report reveals profit shifting

pictureOxfam has today released a report on tax dodging by RB, the company formerly known as Reckitt Benckiser and the maker of thousands of well known household products. The report looks at the 2012 restructuring of the company which saw it set up ‘hubs’ in the Netherlands, Dubai and Singapore, all well known corporate tax […]

READ MORE →

Half measures mean Mauritius will continue to be a tax haven for the developing world

MauritiusThere was news this week that Mauritius has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). This is an initiative from the OECD to allow countries to take measures designed to stop tax avoidance by multinational companies and put them into their existing network of […]

READ MORE →

G20: Pressure rising on tax haven USA

HamburgWhilst the eyes of the world focused on the isolation of the US from the ‘G19’ position on climate change, something remarkable played out elsewhere in the process. Following closely the common EU position that we highlighted a few days ago, the G20 communique devotes important space to tax justice. It’s so good we quote […]

READ MORE →

Will the G20 ever end the global problem of tax avoidance and tax evasion?

HamburgAhead of the G20 Summit in Hamburg this week our own George Turner has published this op-ed in the German newspaper Die Tageszeitung today. The article discusses why, despite sustained political engagement from world leaders, we are still some way from solving the problem of tax avoidance and tax evasion. Here’s an English translation of the article:

READ MORE →

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top