Bloomberg News

Credit Suisse Asks U.S. Clients on Tax, Aargauer Says

March 24, 2012

Credit Suisse Group AG (CSGN) asked U.S. clients to confirm they filed their 2010 United States tax return, Aargauer Zeitung said, citing unnamed employees and an Switzerland-based client with both U.S. and Swiss citizenship.

The lender also asked U.S. clients to disclose the name of their tax consultants, the newspaper said, adding that Credit Suisse sent letters to as many as 4,000 clients. The bank will end its relations with account holders who don’t disclose the details by April 23, the newspaper said.

The letters were sent as part of the bank’s efforts to ensure its clients comply with U.S. tax regulations, Credit Suisse spokesman Marc Dosch said via phone. He declined to comment on the number of letters.

To contact the reporter on this story: Klaus Wille in Zurich at kwille@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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