Hass and Associates Accounting Tax News and Tips: U.S. Charg
Credit Suisse pleaded guilty to Federal criminal charges Monday, for helping clients avoid tax payment by sending money overseas. The global banking giant will pay a total of $2.6 billion in penaltiesThe Swiss bank Credit Suisse pleaded guilty Monday to helping U.S. citizens commit tax evasion over the course of several decades, the Department of Justice announced. Credit Suisse will pay the Department of Justice, the Federal Reserve and the New York State Department of Financial Services a total of $2.6 billion in penalties, the largest payment ever in a U.S. criminal tax case. The banking giant is the first global financial institution to face a criminal conviction from U.S. authorities in more than a decade, Bloomberg reports.
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