Financial Times Talks to Mark Matthews on Offshore Crackdown Returns
Mark E. Matthews spoke with the Financial Times concerning returns from the global crackdown on tax evaders, which exposes non-compliant taxpayers to an unprecedented risk of prosecution. In 2017, dozens of countries will begin to exchange tax files automatically as part of a coordinated global effort. For the full article, please visit FT's website (subscription required).
Excerpt taken from the article.
Mark Matthews of law firm Caplin & Drysdale, a former deputy Commissioner of the Internal Revenue Service in the US, was sceptical about the returns from the offshore crackdown. "You would think there's a pot of gold and everyone's budget would be balanced if we just went after global tax cheats. I don't think there's a pot of gold."