Niles Elber Comments on Offshore Voluntary Disclosure Program Ending

09.11.2018
MLex US Tax Watch

The offshore voluntary disclosure program is dead. Long live the offshore voluntary disclosure program. That's the hope, at least, of lawyers who advise those who want (read: need) to let the Internal Revenue Service know they have foreign bank accounts.

 . . .

"The question is, by what means do they want to encourage people to come in and do [a] voluntary disclosure?" Caplin & Drysdale's Niles Elber, chairman of the ABA's Committee on Civil and Criminal Tax Penalties, told me last month.

For the full article, please visit MLex’s website (subscription required).

Excerpt taken from the article “OVDP, RIP” by Paul Merrion for MLex US Tax Watch.

Attorneys

Related Practices/Industries

Jump to Page

We use cookies to make your experience of our website better. By continuing to browse this site you content to the use of cookies. Please visit our Privacy Policy for more information.