Credit Suisse still helps rich Americans evade taxes, says US Senate

Credit Suisse said it ‘does not tolerate tax evasion’ (Michael Buholzer/Keystone via AP)

US lawmakers said Credit Suisse kept allowing wealthy Americans to dodge tax payments, finding after a two-year investigation that the embattled Swiss bank had violated a 2014 plea agreement for allowing tax evasion by its clients.

The Senate Finance Committee pointed to a possible ongoing criminal conspiracy tied to nearly 100 million US dollars (£81 million) in secret offshore accounts belonging to a family of American taxpayers that the bank failed to disclose.