This morning the speaker when asked about the plans asked about the details and i believe he said blah blah blah. [laughter] do you feel like you are begin their cut before you unveil your plan and giving the remarks where does this stand . I dont think we cannot afford to wait. I cant settle for an economy that grows at 2 , settle for high employmen unemployment andt able to live on their own. A declining wages for the middle class. We need to be the party of growth and opportunity, restoring the American Dream and this is something americans have hunger before. We have an obligation. I put up this draft so that we could engage the American People on this and i think this is some of that as i travel the country and through the hearings ive had this is something that is very much to move forward. The new cspan. Org website makes it easier than ever to keep tabs on washington, d. C. And share your findings via facebook, twitter and other networks. Easy search functions let you access da
Closed and 3000 the number you have just mentioned are still with us. So what is the total number of accounts that we no longer have of the 22,000 . The 18,000 number you mentioned. And if i may add mr. Chairman, we had a Large Population of u. S. Resident clients. I would say 11,000 i believe that had account balances below 1 Million Dollars under Asset Management and they were not even given the option to stay because to move to one of our fully u. S. License broker dealers you needed 1 million is the minimum balance. 18,000 of these did not have the opportunity to prove tax compliance. Mr. Cerutti your u. S. Policy required that swiss accounts open for u. S. Residents be concentrated in a single swiss office we talked about the sla in. Is that correct . It required that it be concentrated. In saln and the other office near the airport those were the 12 that were later merged in 2009. All right and the point was that office was supposed to have a Relationship Managers they got specia
Be different. Host thank you both for being here. This is the the communicators president obama sends the 2015 budget report in. The president said he wants to reduce defense spending and also wants to spend additional money on roads and bridges and end a number of Corporate Tax breaks. We will have live coverage at 11 30 a. M. Eastern on cspan. Cspan 2 provided key coverage and booktv. The only Television Network devoted to nonfiction books and authors. Sweeds have been accused of trying to hide the accounts of 22 United States citizens. Carl levin is calling on the Justice Department to hand over the names of those who used the bank at a to alem ledgedly avoid paying taxes. Good morning. The meeting will come to order. The American Public is angry about offshore tax abuse and efforts by americans to evade their Tax Obligations by hiding money offshore. Todays hearing follows up on a meeting this subcommittee held in 2008 when we presented evidence that wellknown banks were deliberate
New York City and Palm Beach saw the greatest number of high-end luxury sales this year, while Los Angeles, marred by the new mansion tax, did not make the list.
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