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Clint Eastwood's Behavioral Economics Approach to UBS Tax Cheats

The Wall Street Journal Law Blog has an insightful post on the proposed settlement between the United States and Swiss government.So, at long last, as we blogged earlier, we?ve got an end result in this UBS tax situation. The final piece of the settlement, put into effect last week, was announced earlier Wednesday. That component, reached between the U.S. and Switzerland, will allow the U.S. to get the names of 4,450 UBS account-holders. However, there are nearly 52,000 tax cheats banking with UBS.  How is this a good deal?  On the one hand, it appears the U.S. has given up a lot in the deal, gaining access to only a fraction of the 52,000 names it requested earlier this year. But the structure of the deal could allow the U.S. access to far more than the 4450 contained in the agreement...continue to full post

Full post as published by Crime & Federalism on August 19, 2009 (boomark / email).