U.S. Charges Swiss Asset Manager for Helping Tax Evasion
The U.S. government has proceeded further in its fight against tax evasion by U.S. citizens by charging a Swiss asset manager with helping U.S. citizens evade taxes using fraudulent trusts. The Swiss asset manager helped U.S. citizens in their bid to evade taxes even as the U.S. started looking for offshore accounts. The asset manager, Amrein, helped his clients transfer money from one bank to another in Switzerland to evade taxes. He has not yet been arrested but faces up to five years in prison for his role in the tax evasion.
It is incredible how hard Uncle Sam is pursuing this but not one arrest in the Benghazi case. America has an ambassador sodomized and murdered, along with 3 other patriots, and there is barely an investigation. There is not one person charged and this is where people have been killed. America’s enemies are laughing at America’s weakness because of this; they do not care about some people who want to keep some more of their hard earned money.
Trying to Preserve One’s Wealth
While most people would love to reduce the amount of taxes they pay, it is better to consult with a qualified tax attorney who can help you use legal ways of avoiding taxes instead of just evading them. With the U.S. government working to reduce escape routes, those who simply use offshore accounts to hide their assets are likely to be identified and prosecuted. Instead, a person should retain the services of an experienced tax attorney who can set up a system that legally reduces the amount of taxes you need to pay.
Shrewd Investing Moves
The actual method of reducing the taxes will depend up on the sources of income as well as your ultimate goals. For instance, the U.S. government exempts certain retirement funds and similar financial vehicles from taxes, meaning that you can invest in these to avoid paying taxes on the income or defer the taxes to your retirement years when your income will be lower.
By consulting with a tax attorney about your financial moves, you will be able to pay significantly lower taxes without having to break any laws. Many large companies in the U.S. do this, and individuals and small businesses to can avail of these routes.