| 00:00:00 | STATES REQUIRING THE PAYMENT OF TAXES. |
| 00:00:02 | THE SWISS EXPLAIN THAT TAX EVASION IS NOT A CRIME IN THEIR COUNTRY, ONLY A CIVIL MATTER THAT CAN BE REMEDIED BY THE TIMID OF BACK TAXES AND A FINE. |
| 00:00:11 | THEY SAY THAT ONE NARROW TYPE OF TAX MISCONDUCT, TAX FRAUD, REQUIRES DECEPTIVE CONDUCT SUCH AS THE FILING OF FALSE DOCUMENT AND THAT IT CAN JUSTIFY THIS CLOSING CLIENT INFORMATION FROM A SWISS BANK. |
| 00:00:25 | SWITZERLAND AND THE UNITED STATES DISAGREE ON WHETHER TAX EVASION SHOULD BE A CRIME. |
| 00:00:29 | THAT HAS BEEN TRUE FOR DECADES. |
| 00:00:32 | BUT HERE, SWISS BANKERS AIDED AND ABETTED VIOLATIONS OF U. |
| 00:00:36 | S. TAX LAW BY TRAVELING TO THIS COUNTRY WITH CLIENT CODE NAMES, AND CORRECTED COMPUTERS, COUNTER SURVEILLANCE TRAINING, AND ALL THE REST OF IT. |
| 00:00:44 | TO ENABLE U. |
| 00:00:45 | S. RESIDENTS TO HIDE ASSETS AND MONEY IN SWISS ACCOUNTS. |
| 00:00:48 | THE BANKERS THEN RETURNED TO SWITZERLAND AND TREATED THEIR CONDUCT AS BLAMELESS SINCE SWISS LAW SAYS THAT TAX EVASION IS NO CRIME. |
| 00:00:56 | THE SWISS BANK BEFORE US DELIBERATELY AND TOURED THE UNITED STATES, ACTIVELY SOUGHT U. |
| 00:01:05 | S. CLIENTS AND HELPED THEM DEFRAUD THE UNITED STATES OF AMERICA. |
| 00:01:08 | BANK SECRECY UNDER THOSE CONDITIONS IS NOT A VALUE TO BE PROTECTED, IS PART AND PARCEL OF A CONSPIRACY TO COMMIT A CRIME UNDER OUR LAW. |
| 00:01:17 | UBS HAS SPECIFICALLY ACKNOWLEDGED WRONGDOING. |
| 00:01:20 | AND ADMITTED IN COURT THAT IT "PARTICIPATED IN A SCHEME TO DEFRAUD THE UNITED STATES AND ITS AGENCY, THE IRS. |
| 00:01:33 | " WANT TO READ THAT AGAIN. |
| 00:01:36 | BECAUSE I THINK THOSE WORDS ARE SO COMPELLING. |
| 00:01:44 | "UBS SPECIFICALLY ACKNOWLEDGED WRONGDOING AND ADMITTED IN COURT THAT IT PARTICIPATED IN A SCHEME TO DEFRAUD THE UNITED STATES AND ITS AGENCY, THE IRS. |
| 00:02:01 | " HOST: THIS IS RYAN, A TAX REPORTER FOR BLOOMBERG NEWS. |
| 00:02:11 | IN THIS MORNING'S "THE WASHINGTON TIMES," "SENATOR CARL LEVIN AND SUBCOMMITTEE CHAIRMAN SAID HE INTENDS TO MAKE AN EXAMPLE OUT OF UBS TO TIGHTEN U. |
| 00:02:21 | S. LAWS REGARDING AMERICANS TO KEEP MONEY IN OFFSHORE TAX HAVENS TO AVOID TAXES. |
| 00:02:26 | " THE HEADLINE ON YOUR STORY IS SIMILAR. |
| "U.S. |
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