The activist arm of the Center for American Progress (CAP) on Thursday attacked a Swiss bank partially owned by a major CAP donor for allegedly offering tax avoidance advice to U.S. corporations.
A writer at the ThinkProgress blog detailed
a Swiss court filing alleging that Swiss bank Julius Baer “told hundreds of Americans how to evade U.S. taxes on a total $600 million in wealth.”
Julius Baer is a publicly traded company
. One of its largest shareholders
is Bank of America
, which is a CAP donor
It is not known how much Bank of America donated to CAP, since the group will not release that information.
The ThinkProgress article did not disclose that a major Julius Baer shareholder is also a contributor to the blog’s parent organization.