DOJ orders UBS to disclose 52,000 names in tax fraud investigation

it's the end of Swiss banking as we knew it

why haven't the 52K or whatever tax-evading Americans been "slut walked", named-and-shamed, their mug shots published in daily newspapers like common criminals?

I'll always assume assume Bishop Gecko got caught, which explains why he refused to release his tax returns to Queen Ann's "You People"

Swiss disclosure has knock-ons in Israel and Singapore:

http://www.bloomberg.com/news/articl...ngapore-israel

UBS "whistleblower" Birkenfeld writes a book and testifies about UBS in French court:

Quote:

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The tax evasion controversy, which was first highlighted in 2005, subsequently involved the US Department of Justice, the State Department and Internal Revenue Service. It was prompted by disclosures made by Birkenfeld that UBS had helped wealthy US citizens evade taxes using offshore financial vehicles and Swiss-numbered accounts.


In 2009, UBS paid $780m (£588m, €693m) to US authorities to avoid prosecution.


Birkenfeld served 31 months in prison for one count of conspiracy to abet tax evasion by one of his clients. After he was released he was paid a record $104m by the IRS for helping recover unpaid taxes.

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http://www.ibtimes.co.uk/ubs-whistle...-obama-1577834