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

The Offshore Wrapper: the Panama Papers, one year on

Photos from the Protest outside PwC 1 Embankment Place, part of the Global week of action for tax justiceWelcome to the Offshore Wrapper – your weekly update from TJN.  Happy Paniversary! This week it’s been one year since the Panama Papers were leaked, and a number of organisations around the world have been marking the occasion though the global week of action for tax justice. In London, activists from the TJN and the […]

READ MORE →

Protesting PwC: Professionals Without Conscience

Photos from the Protest outside PwC 1 Embankment Place, part of the Global week of action for tax justiceThis week is the global week of action for tax justice and on Wednesday 5th April activists from the Tax Justice Network and Methodists for Tax Justice held a protest outside the London offices of Price Waterhouse Coopers. The global week of action for tax justice is happening one year after the release of the […]

READ MORE →

Germany moves forward on corporate transparency

ReichstagThe Bundesrat has today voted to recommend implementing a public register of the beneficial ownership of companies and trusts.  Great news from Germany, as the country takes an important step forward towards corporate transparency.

READ MORE →

New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]

READ MORE →

Banking Secrecy in China, its related territories and Taiwan

Hong Kong from Sky 100Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, to take responsibility for their power. We point […]

READ MORE →

Leave a Reply

Your email address will not be published.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

Back to Top