POLITICO Quotes Scott Michel: Swiss Banks Urge U.S. Tax Dodgers to Come Clean to Beat Deadline


"There is a new wave right now because of this program aimed at Swiss banks coming in and identifying clients and identifying accounts," said Caplin & Drysdale's Scott D. Michel, who is getting three to four such inquiries each day — about the same number he usually received every couple of weeks for the past year.  Swiss banks are quietly warning wealthy U.S. clients with secret accounts to come clean with the tax man in the next two weeks — or risk jail time, according to several letters obtained by POLITICO.  For the full story, please visit POLITICO's website.


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