Comments on: UBS takes further fire from US department of Justice http://www.georgesmayblog.com/ubs-takes-further-fire-from-us-department-of-justice/ Business news and current events. Tue, 16 Mar 2010 14:54:31 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: tim vanovickoyo http://www.georgesmayblog.com/ubs-takes-further-fire-from-us-department-of-justice/comment-page-1/#comment-3835 tim vanovickoyo Thu, 02 Jul 2009 12:46:45 +0000 http://www.georgesmayblog.com/?p=1563#comment-3835 we should back off with this "bullying" stuff to the Swiss. very quickly all countries will see this as a precedent and start demanding of the US that we reveal the names of citizens of their countries that invest in the US, so they can tax them in their home country. You must know that non-resident aliens and foreigners pay no capital gains or dividend taxes in the US and we don't reveal their names because of our privacy laws. That is why it is hipocracy for us to demand that the Swiss break their privacy laws to conform to our tax laws. If all foreigners pull their money out of our country, our economy would crash. Obama and his croneys should be standing up to Iran and North Korea instead of the Swiss. It doesn't take much courage to bully a country that can't fight back.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-3835">0</span> <small>(to vote for this comment, please visit the site)</small></p> we should back off with this “bullying” stuff to the Swiss. very quickly all countries will see this as a precedent and start demanding of the US that we reveal the names of citizens of their countries that invest in the US, so they can tax them in their home country.
You must know that non-resident aliens and foreigners pay no capital gains or dividend taxes in the US and we don’t reveal their names because of our privacy laws.
That is why it is hipocracy for us to demand that the Swiss break their privacy laws to conform to our tax laws.
If all foreigners pull their money out of our country, our economy would crash.
Obama and his croneys should be standing up to Iran and North Korea instead of the Swiss. It doesn’t take much courage to bully a country that can’t fight back.

Current score: 0 (to vote for this comment, please visit the site)

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