I'm still shocked by this statistic:
About 20,000 U.S. clients have about $18 billion on deposit with UBS in Switzerland, and about 19,000 of the clients have not disclosed their accounts to the IRS, the Swiss bank has told Senate investigators
I expected it to be bad, but not this bad.
95% non-disclosure? It's staggering.
That's what secrecy does for you.
And the Swiss wonder why they're under attack? It's amazing that they have the gall to defend themselves.