Financial Transparency Coalition

WASHINGTON -- A new Internal Revenue Service enforcement unit targeting the very wealthy will help the tax agency decode partnerships, offshore trusts and other complex techniques used to hide income, IRS Commissioner Doug Shulman said Monday.

The multibillion-dollar tax avoidance cases enveloping the big banks serve as a warning to all business that deal internationally, Grant Thornton tax expert Paul Gallagher says.

Bloomberg -- Infineon Technologies AG’s former Chief Executive Officer Ulrich Schumacher may be allowed to settle charges in a criminal case pending against him in Munich.

Swiss banker Bradley Birkenfeld would do just about anything for the wealthy Americans who entrusted him with millions of dollars they wanted to hide from the Internal Revenue Service.