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Tax Cheats / Hearings #911056

NBC Evening News for Thursday, Jul 17, 2008
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(Studio: Ann Curry) Report introduced.

(Washington: Lisa Myers) Senate hearings on banks helping wealthy customers avoid taxes by putting their money in secret offshore accounts reviewed; scenes shown from the hearing of Shannon Marsh† and Williams Wu†, who have accounts in Liechtenstein and Switzerland, and a former Liechtenstein bank clerk testifying in silhouette. [MARSH, WU, UBS BANKER – plead the 5th Amendment.] [Senator Carl LEVIN†- says tax havens are engaged in economic warfare against the US and American taxpayers.] [CLERK – says the purpose is to make it difficult for law enforcement to follow the trail.] [Senator Norm COLEMAN†- says it’s like a James Bond novel.] [UBS Global Wealth Management CFO Mark BRANSON†- says we have decided to exit the business in question.]

Curry, Ann;
Myers, Lisa

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