The recent death of Eric Garner after an incident with New York police has recently made headlines and sparked controversy about excessive force and police practices. Sources report that police and prosecutors are...
- The Tax Policy Blog
- Ex-Wives Prepare to Descend on Those Named By UBS
Ex-Wives Prepare to Descend on Those Named By UBS
Last week we noted that Swiss banking giant UBS has agreed to turn over the names of 4,450 American clients suspected of tax evasion in the US.
Apparently, the newly-named bank account holders hid their assets not only from the IRS, but from their ex-wives. From the Wall Street Journal:
An article in Time magazine quotes New York divorce lawyer Raoul Lionel Felder saying he is getting calls from multiple clients who want to know what they can do to get their share of the cash they suspect their ex-loved ones secreted away in Switzerland.
"You see allegations of Swiss bank accounts in divorce proceedings all the time," says Felder, whose clients have included Rudy Giuliani and Robin Givens. "A lot of divorces are going to get opened up."
The IRS and attorneys hired by ex-wives. I almost have sympathy for the tax evaders.
Subscribe to the Tax Foundation Newsletter
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.