Wednesday, August 19, 2009

Swiss to hand over bank details to U.S. in UBS deal

The Obama administration is wanting access to US citizen bank accounts in Switzerland to....I'm not sure what, maybe to make sure they pay taxes. My issue with this is the government has no proof these account holders have done anything wrong. How is this different from the government walking into your house, looking in your closet because you look like someone who might do drugs.
The Swiss government will hand over details of about 4,450 bank accounts to U.S. authorities as part of a deal struck with Washington over UBS, it said on Wednesday.

The client accounts to be disclosed will likely belong to people suspected of committing tax fraud under the terms of a double taxation agreement that obliges Switzerland to provide help if Washington seeks it in a criminal investigation.

Seriously...people screamed for 8 years about Bush and civil liberties being violated but this is ok?

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