Does anyone else find this to be, er, just a bit shameless and unseemly on Treasury Secretary Tim Geithner’s part? Announced the Treasury Department today:
As part of the Obama Administration’s aggressive efforts to enforce U.S. tax laws and reduce offshore tax evasion, the U.S. Department of the Treasury today announced the conclusion of negotiations with Switzerland to amend the U.S.-Switzerland income tax treaty to provide for increased tax information exchange. Official signing of the protocol is expected in the next few months.
“This Administration is committed to reducing off shore tax evasion to help ensure that all U.S. taxpayers are playing by the same rules,” said Treasury Secretary Tim Geithner. “This treaty will increase our ability to enforce our tax laws and will help bring an end to an era of offshore accounts and investments being used for tax evasion.”
Tax evasion. Such an ugly thing when other people do it!