In response to a request from the US Internal Revenue Service, Credit Suisse has confirmed it revealed some of its US clients’ names to the local tax authorities, according to news reports.

Date: Dec 8, 2011

Tags: US, Credit Suisse

In response to a request from the US Internal Revenue Service (IRS), Credit Suisse has confirmed it revealed some of its US clients’ names to the local tax authorities, according to news reports.

The bank did not disclose how many clients it has notified, but in a letter to affected account holders, Credit Suisse acknowledged that the IRS had requested names and other information about US taxpayers who held accounts indirectly through corporations from 2002 through 2010, and that the Swiss government had ordered the bank to furnish the data immediately.

More details:
http://online.wsj.com/article/SB10001424052970204190704577025491046379030.html

http://www.ft.com/intl/cms/s/0/3a00ccd6-09e5-11e1-8d46-00144feabdc0.html?ftcamp=rss#axzz1f5Y7u4u3