The Justice Department has indicted four Swiss bankers for facilitating tax evasion. The indictment alleges that the bankers opened undeclared accounts sheltering $3 billion in assets. The indictments come shortly after the IRS announced a second foreign account amnesty program that allows unreported offshore accounts to receive more lenient treatment for voluntary disclosure.
See http://www.justice.gov/opa/pr/2011/February/11-tax-225.html.
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
See http://www.justice.gov/opa/pr/2011/February/11-tax-225.html.
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
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