Inversions have been in the news consistently this summer as multiple companies have looked for legal paths away from the U.S. corporate tax system. Burger King became the latest corporation to add to the list after they...
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- 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.
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