Senate Permanent Investigative Subcommittee Holds New Hearing on Offshore Tax Evasion, Calling for Improved Prosecution

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Thursday, May 1, 2014

Author:

Bruce Zagaris

Volume:

30

Issue:

5

Abstract:

On February 26, 2014, Senator Carl Levin (D-Wis.), Chairman of the U.S. Senate Permanent Subcommittee on Investigations, opened the hearing by stating that the hearing was a supplement to the 2008 hearing of the subcommittee on offshore tax evasion that focused on UBS. Senator Levin said progress on offshore tax evasion has not been successful. The hearing focused on Credit Suisse.[1]