The document is a report by the United States Senate Permanent Subcommittee on Investigations, detailing efforts to combat offshore tax evasion, particularly focusing on Swiss banks like Credit Suisse and UBS. It highlights the practices that facilitated U.S. tax evasion, the inadequate response by banks, and the lax U.S. enforcement. The report also discusses the Swiss secrecy laws that hindered U.S. investigations and provides recommendations for improving prosecution and transparency.
documents/EFTA01115643.pdf
{}