Daily Archives: February 26, 2014

Credit Suisse executives testified before the US Senate Permanent Subcommittee on Investigations in what was at times a contentious hearing over allegations of tax evasion.

A scathing report from the subcommittee on Tuesday said that Credit Suisse made false claims in US visa applications, conducted business with clients in secret elevators and shredded documents to help more than 22,000 American customers avoid US taxes.

Credit Suisse chief executive Brady Dougan disputes the report’s claims, saying the bank conducted an expansive internal investigation, shut down client relationships and required US customers to prove tax compliance.

 

Gideon Rachman

Is America really prepared to withdraw all its troops from Afghanistan at the end of the year? Even the European nations that also have troops in Afghanistan are none too sure. On the one hand, it is assumed in European capitals that the White House statement on Tuesday – saying that the US military had been instructed to prepare for a full withdrawal from Afghanistan – is partly bluff. It is well known that the Americans are getting on very badly with President Hamid Karzai, and want to put pressure on him. On the other, some of America’s Nato allies fear that the US might be using the argument with Karzai, as an excuse to scale back a post-2014 military commitment that they were already uncomfortable with. Read more

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