Truth in earning and lending

Hat tip to ataxingmatter on paying a fair share for services provided in the land of the free and brave:

The Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations will hold a hearing tomorrow on the way foreign banks have facilitated US taxpayers’ tax avoidance through structuring accounts offshore to avoid IRS notice. Senators Levin and Coleman released late today (Wednesday) a 109-page staff report that details their investigation into Swiss banking giant UBS and Liechtenstein bank LGT. See Bradley Klapper, UBS, LGT aided US Tax Cheats, (July 16, 2008). The report estimates that approximately $100 billion a year has been lost in offshore tax abuses. For various links to stories on the Liechtenstein matter, see this TaxProf Blog posting.

Makes you want to run out and trust these guys some more with our well being.