Probe Targets Tax Evasion By Wealthy New Yorkers

The New York Sun reports:

The Manhattan district attorney is opening an investigation into possible tax evasion by wealthy New Yorkers through banks in Switzerland and Liechtenstein, a top prosecutor in the district attorney's office told The New York Sun.

District Attorney Robert Morgenthau's inquiry will draw on work begun by the U.S. Senate's Permanent Subcommittee on Investigations, which last month issued a report detailing how two banks, UBS and LGT, eased the way for Americans to hide assets and avoid paying taxes to the IRS.

I guess some wealthy New York residents really don't like paying high taxes.