tag:blogger.com,1999:blog-1519969502186924526.post210995227611314788..comments2023-10-24T08:00:53.865-05:00Comments on Federal Tax Crimes: Senate Subcommiittee Report Discusses Offshore Account Father-Son Convictions (7/20/12)Jack Townsendhttp://www.blogger.com/profile/14469823736335455874noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1519969502186924526.post-69740894745912264582012-07-20T17:00:59.734-05:002012-07-20T17:00:59.734-05:00Jack, if I might expand upon your comment in the f...Jack, if I might expand upon your comment in the final sentence: "This example demonstrates the risk of bearer share accounts being used <br />to conceal ownership of assets and commit criminal tax evasion." <br /><br />To me it demonstrates the pirate's connundrum: every pirate has to watch out for others of his ilk that would overthrow him! <br /><br />As for the Sub-Committee's report, every dog on (Wall) Street knew that HSBC (Geneva), the old Republic Bank staff acquired by HSBC was the go-to bank, along with Credit Suisse and UBS, for quality tax evasion and laundering. <br /><br />Why we needed an investigation to confirm what many knew is a little bewildering. Shouldn't the national resources be dedicated to putting as many of these bankers in US jails as can be fitted into them?<br /><br />Nice post Jack,<br /><br />PATRICK CARMODYPATRICK CARMODYnoreply@blogger.com