More Swiss Bank Files Being Transferred to the IRS!

Credit Suisse AG is handing over more internal documents to U.S. authorities in response to Washington's crackdown on tax evasion, according to one of its internal memos.

All client-specific data have been removed from the business records that will be transferred, as they were from the first batch of records. The employees whose names are in the data aren't suspected of having helped Americans avoid taxes.

A spokesman for Credit Suisse confirmed their interal memo invites staff members who aren't sure whether their names will be included in the coming transfer to contact a help desk for more information.

Employees will now be informed in advance when information containing their names is transferred to U.S. authorities. The changes were outlined in a recent internal memo to employees and were agreed to in cooperation with the Swiss Federal Data Protection and Information Commissioner.

"The documents concerned comprise e-mail correspondence, including attachments, with clients domiciled in the U.S., as well as internal e-mail correspondence, including attachments, about clients domiciled in the U.S. and the U.S. cross-border business in general during the period from June 2001 to March 2011," Hans-Ulrich Meister, who heads Credit Suisse's private-banking unit, told staff in the memo.

The latest records scheduled for transfer to the U.S. include names of employees of Credit Suisse's private-banking division who served clients in relation to business with the U.S.

All client-specific data have been removed from the business records that will be transferred, as they were from the first batch of records. The employees whose names are in the data aren't suspected of having helped Americans avoid taxes.

Employees whose names were included in a first batch of data sent to the U.S. said they felt betrayed and some said they were worried that they risk being arrested or questioned if they travel to the U.S.

Other banks that confirmed that they sent documents, including employee names, to the U.S. are the private-banking unit of HSBC Holdings, Julius Baer Group AG, Zuercher Kantonalbankand Basler Kantonalbank.

If you have Unreported Income From Swiss Banks or are a Swiss Bank Employee named in these documents, contact the Tax Lawyers at Marini & Associates, P.A. for a FREE Tax Consultation at www.TaxAid.us or www.TaxLaw.ms or Toll Free at 888-8TaxAid (888 882-9243).

Source:

Wallstreet Journal