Did Baker & McKenzie tell you you could go to an adviser who would recommend the creation of a sham corporation?

Each year, the United States loses an estimated $100 billion from U.S. taxpayers using offshore tax schemes to dodge their U.S. tax obligations.

Secretary Geithner stated that he fully supports my bill, S. 506, a bill which has a number of cosponsors, which is called the 'Stop Tax Haven Abuse Act.'

I want you to say that is, in fact, what you have acknowledged, because it is.

Thank you very much.

Why won't you give us the names of the people with whom you schemed to commit violations of American law?

I want to know whether or not you will require that U.S. citizens who are not residents of the United States but are citizens that they take steps to notify the IRS of that revenue.

It is good news for American taxpayers, too, and we very much welcome that support.

UBS has committed wrongdoing by its own acknowledgment by referring U.S. clients who wanted to hide their assets to outside firms.

It is absurd that any country wants to make money off our loss of tax revenues, particularly friends.

I know that his heart is exactly in making sure that we do not lose revenues to these offshore secrecy jurisdictions.

That is a pretty high bar between the requirement for specific names and proof of affirmative deceptive acts, the way the Swiss define it.

Our focus should not just be on U.S. residents with securities accounts, but it should include non-resident U.S. citizens with securities accounts.

This bill, and I think this Congress, and now this Administration; we are going head to head with those tax havens.

Did you understand from that document, which is UBS' own memo, that Baker & McKenzie was telling you that you could do indirectly and knowingly what you could not do directly?

Needless to say, we and I hope most of the rest of the world that loses tax revenues to your secrecy policies will come together and jointly determine to end those policies.

And that your private bankers and managers knew or should have known that the purpose of that referral to the outside advisers was to create the sham corporations.

Why would it take me four questions to get you to just say 'yes, we have acknowledged that,' instead of wrapping it around generalities?

And, again, these structures were being set up for the purpose of hiding who the true owner or beneficiary of the accounts were.

The IRS is investigating U.S. taxpayers who failed to report the existence of Swiss bank accounts--or income earned on those accounts.

Our estimate is about 17,000 of those accounts, using your numbers or your figures, are held by clients that are American citizens who do not live in the United States.

But they are supposed to notify--they are supposed to pay taxes on those revenues, are they not?

Unless the U.S. Government already knows the names of specific taxpayers, the Swiss treaty generally cannot be used to get information in Switzerland about a U.S. person.

Private bankers and managers would actively assist or otherwise facilitate certain undeclared U.S. taxpayers who such private bankers and managers knew or should have known they were evading U.S.

We are going head to head with tax secrecy jurisdictions.