<div class='quotetop'>QUOTE (ck1942 @ Feb 12 2009, 08:14 AM) <{POST_SNAPBACK}></div>Capital flight is getting harder and harder to do....Perhaps they are right now in sticker shock over the proposed bailout plans... which in my humble estimation about the only bailing we will see is capital (not capitol) flight to better tax climes.[/b]
http://www.brisbanetimes.com.au/news/world...4632957958.html
UBS AG, Switzerland’s largest bank, will pay $US780 million ($A1.2 billion) to avoid US prosecution and settle regulatory claims that it helped thousands of wealthy Americans use Swiss bank accounts to evade taxes.
The Justice Department filed a criminal charge accusing UBS of conspiring to defraud the US by helping 17,000 Americans hide accounts from the Internal Revenue Service. The government will drop the charge in 18 months if UBS makes reforms, helps prosecutors, and makes payments under accords with the Justice Department and Securities and Exchange Commission.
