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