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Will anyone do jail time? I wonder.

• InclinedPlane 12y ago
  Of course not. If an individual evades taxes or launders drug money they can expect harsh penalties in criminal court, or jail time. If a multi-billion dollar international bank does it then nobody will go to jail and at best only a fine will result.
  • jevgeni 12y ago
    As far as I know, Credit Suisse didn't evade taxes, that they as a corporation had to pay. What they did, was help American individuals evade taxes in the US. And the bank isn't even based in US, but in Zurich. As far as I know, they only have their investment banking arm in New York. So what the US government is doing here is a) converting the attractiveness of the American market into cash for the government (which might be kinda OK, I dunno) and b) using their control of dollar settlements to bully foreign banks into following the US law (which is a somewhat dick move).
    • InclinedPlane 12y ago
      Credit Suisse operates in the US, and for those operations it is subject to US law. Which it broke, by violating tax law.