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U.S. Senate Allegations – Credit Suisse Threatens Another Tax Conflict in the US – News

  • After the scandal surrounding the Greens fund and the Arkagos hedge fund, Credit Suisse is now facing new difficulties from the United States.
  • According to media reports, the tax dispute with the United States could erupt again.

The Financial Times reports that influential members of the US Senate Finance Committee have accused the bank of continuing to help U.S. citizens evade taxes even after they agreed to the deal in 2014. The group’s chairman, Senator Ron Wheaton, has now asked Attorney General Merrick Garland to provide additional information on the 2014 deal. CS is accused of violating the terms of the contract.

According to several former CS employees, the bank withheld information about the deal, the article continues. CS is said to have hidden the account of a wealthy customer. The client, Dan Horsky, a US-Israeli economics professor, hid about $ 200 million in CS from U.S. officials and was later convicted of tax crimes.

Summarizing a CS-Chef Godstein

Senator Wheaton also wrote a letter directly to CEO Thomas Godstein. “The Federal Supreme Court’s public information and documents raise the question of whether the Credit Suisse agreement is fully compliant.

The major Swiss bank reached an agreement in May 2014 on a US tax dispute. He pleaded guilty and was fined a total of $ 6 2.6 billion.