Ty Warner admitted he hid $3 million in Switzerland in 1996 and will pay a $53 million fine to the IRS. He probably put the money there then forgot about it.
This is the problem of having the State with a monopoly on currency. They can tax too much a pick off anyone they want.
Feel free to forward this by email to three of your friends.
It is alleged that Mr Warner, who also has a reputation for philanthropy, set up a Swiss bank account in 1996 with the UBS financial services company.Since he is a big shot the IRS probably required he admit guilt and pay a huge fine as a deterrent to others.
This is the problem of having the State with a monopoly on currency. They can tax too much a pick off anyone they want.
Feel free to forward this by email to three of your friends.
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