Credit Suisse CEO Brady Dougan, trying to explain why his bank just helped 22,000 ultra-rich people avoid U.S. taxes.
Credit Suisse admits their bankers helped a whopping 22,000 accountholders avoid U.S. taxes via offshore shelters – and now their CEO, Brady Dougan, is simply refusing to give the names to the U.S. government.
HUH? Wealthy Americans have opened over 22,000 accounts with megabank Credit Suisse in Switzerland, in order to dodge their U.S. taxes.
HOW? Credit Suisse helped them – from sending bankers to the U.S. to deliver account documents in person to avoid a paper trail, to conducting business with them in a private suite that can only be accessed by a top secret elevator (which sounds like a joke, but is actually real.)
WHY? These accounts were worth $10 to 12 BILLION at their peak – that’s a lot of U.S. taxes dodged – and Credit Suisse has only released a mere 238 of their names.
Tell Credit Suisse CEO Brady Dougan to release the rest of those names immediately so they can be required to pay their fair share of U.S. taxes.
(via Credit Suisse CEO Brady Dougan: Release The Names of Your Tax Dodgers)