Senate Permanent Subcommittee on Investigations Holds Hearing on Tax Haven Banks and U.S. Tax Compliance

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Monday, September 1, 2008
Author: 
Bruce Zagaris
Volume: 
24
Issue: 
9
347
Abstract: 
On July 17, 2008, the Senate Permanent Subcommittee on Investigations held a hearing entitled Tax Haven Banks and U.S. Tax Compliance to consider how tax haven banks facilitate tax evasion by U.S. clients, hide client and bank misconduct behind bank secrecy laws, and lead to offshore abuses that cost U.S. taxpayers an estimated $100 billion annually...[more]