Scott Michel Quoted in Bloomberg BNA, Wegelin Indictment Signals New Battleground in U.S. Offshore Evasion Fight

02.06.2012
Bloomberg BNA Daily Tax Report

Reproduced with permission from Daily Tax Report, 23 DTR G-9 (Feb. 6, 2012). Copyright 2012 by The Bureau of National Affairs, Inc. (800-372-1033)
http://www.bna.com

Excerpt taken from article.

The U.S. government's fight against offshore tax evasion will only continue to ramp up after the Justice Department indicted Swiss private bank Wegelin & Co. for allegedly conspiring to hide more than $1.2 billion in U.S. assets from the Internal Revenue Service, attorneys said Feb. 3.

"I think it represents the drawing of a new battleground for the U.S. government in its long-running war against evasion," Scott Michel, president of Caplin & Drysdale, Chartered, Washington, D.C., told Bloomberg BNA in a Feb. 3 interview.

Click here to read the article about the latest developments in the U.S.'s crackdown on offshore tax evasion.

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