The Wall Street Journal Quotes Scott Michel: Luxembourg to Reveal Bank Data
Scott D. Michel is quoted by The Wall Street Journal regarding Luxembourg's agreement to disclose bank information about nonresidents who live in EU countries and to release the information to home-country tax authorities. In an excerpt taken from the article, Mr. Michel states "If the information sharing is only for interest paid to individuals, it's a baby step." For more on the story, please visit The Wall Street Journal's website.
Mr. Michel advises U.S. citizens living abroad and foreign entities doing business in the U.S. about coming into tax compliance.