Report: US puts pressure on C Suisse to plead guilty in tax evasion case

Credit Suisse Canary Wharf

U.S. authorities are ratcheting up pressure on Credit Suisse to plead guilty to helping wealthy Americans hide untaxed money in Swiss bank accounts, Swiss newspaper NZZ am Sonntag said.

Reuters reports that the source quoted by the newspaper said U.S. authorities had made "extreme" demands regarding potential fines and wanted the names of all U.S. citizens who had stashed away untaxed money in Credit Suisse accounts, NZZ am Sonntag said.

"Washington is asking for a guilty plea," the newspaper said on Sunday, quoting an unnamed source close to the bank.

Contacted by phone, a spokesman for the bank declined to comment.

Credit Suisse is one of over a dozen Swiss banks under criminal investigation in the United States over whether and how they helped wealthy Americans dodge tax. Pressure on Credit Suisse increased this week as one of its former employees pleaded guilty to helping U.S. clients avoid taxes.

To access the complete Reuters article hit the link below

U.S. wants Credit Suisse to plead guilty in tax dispute - report

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