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Swiss government agrees to settle tax evasion dispute with US

“The Swiss federal government has accepted a United States demand to settle a dispute over the alleged complicity of Swiss banks in tax evasion by Americans that will reportedly cost the banks billions of francs. Swiss media have reported that the overall figure could hit 10 billion francs ($10.3 billion). ‘If a bank has done a lot of business involving undeclared American funds, it will be a big problem for it,’ Finance Minister Eveline Widmer-Schlumpf said. She indicated that the Swiss government had been presented with a take it or leave it offer by Washington. ‘It was a unilateral offer, one that we couldn’t negotiate,’ she said.” Continue reading →

MSU Police Accidentally Send Out Campus Shooting Message

“Michigan State University police have confirmed to wilx.com they accidentally sent out an alert that there had been a shooting at Wilson Hall on campus. Police were trying to send a severe weather alert when the wrong message was sent. It was followed by an email from alert@msu.edu reading, ‘The MSU Police accidentally sent a message of an active shooter on campus. THERE IS NO ACTIVE SHOOTER ON CAMPUS…THERE IS NO DANGER ON CAMPUS.'” Continue reading →

Seattle police pay $20,000 for cover-up involving violence against protesters

“The Seattle Police Department (SPD) paid the Seattle Times $20,000 after admitting to withholding an internal memo criticizing the department’s response against protesters in a May 1, 2012 demonstration. The Times reported on Tuesday that the department confessed to violating the state’s Public Records Act by not making the memo public, which criticized Assistant Chief Mike Sanford for ‘contradictory orders, haphazard planning and operational interference’ during the 2012 ‘May Day” demonstration in downtown Seattle. The payout prevents the department from being sued by the Times for violating the law.” Continue reading →

Bill Bonner: How Government ‘Works’

“A theory should explain something without reference to something else. That is, a metaphor doesn’t work. It’s just a description. If you say that government is a kind of ‘social contract,’ you are merely describing how it seems to you…or what you think it might be comparable to. Let’s try a simpler insight: government is a natural phenomenon, an expression of power relationships, in which some people seek to dominate others by force. These dominators gather ‘insiders’ together so that they can take money, power and status away from other people, the ‘outsiders.'” Continue reading →

IRS targets First Caribbean International Bank thanks to ‘voluntary disclosure’ program

“A witness statement filed in support of the summons by IRS agent Cheryl Kiger details how, during her investigation into a leak of offshore data, she came across information suggesting FCIB and Barclays accounts may have been used by tax evaders. Kiger also disclosed information obtained from a programme allowing individuals who have previously evaded US tax to voluntarily disclose this information and receive less stringent penalties. She identified at least 129 such cases which had involved the use of bank accounts with FCIB ‘its predecessors in the Caribbean’.” Continue reading →

Digital Currency Firms’ Sites Have Been Shut Down.

“One of the companies involved in digital currency transfers is Perfect Money. It just got a lot less perfect. The screws are tightening on digital money sites. Bottom line: the U.S. government reserves the right to shut down any website on earth, at any time — no appeal. Meaning: you can put your legal digital money into these sites. Then, without warning, these sites are defined by the U.S. government as money-laundering sites. They mysteriously go offline. Think of them as roach motels: your money goes in. It does not come out.” Continue reading →

Julius Bär bank clients now targeted in US tax probe

“American clients of private bank Julius Bär were told recently that they are the focus of a US tax evasion probe, a Zurich-based daily reported on Tuesday. US tax authorities had requested administrative assistance from their Swiss counterparts to investigate a number of US citizens suspected of having undeclared funds at the Zurich-based bank. The United States has launched investigations into the dealings of around a dozen Swiss banks, including Julius Bär, prompting Switzerland to try to reach an overarching settlement with Washington to provide legal closure for its financial sector.” Continue reading →

FOLLOW THE MONEY: Common Core, the States and GOP Backers

“This notion that the children belong to the state, that their education must be provided for by the state … is inimical at every step to liberty.” – J. Gresham Machen As the battle against Common Core continues in Michigan this week during the Ominbus budget bill talks, Common Core pusher former Florida Gov. Jeb …