WASHINGTON (Reuters) - A proposal to stop rich Americans from stashing assets offshore to evade taxes, by slapping penalties on individuals and foreign financial institutions, was introduced on Tuesday in the U.S. Congress.
The Swiss banking industry, facing a raft of proposals from Congress and the IRS for new requirements aimed at catching U.S. tax evaders, is beefing up its Washington lobbying ranks.
Botswana government officials may have entered into questionable deals with convicted US congressman William Jefferson for educational technology and satellite transmission contracts in exchange for support for Botswana during the “diamond for development” controversy.
Video clips are now available on GFI's YouTube channel for every speaker at the July 24 Capitol Hill briefing on tax evasion and incorporation transparency that was organized by Task Force members Global Financial Integrity and Tax Justice Network along with Task Force friend, Citizens for Tax Justice. Check them out below:
Congressman Lloyd Doggett (D-TX) made a surprise appearance at the briefing and spoke for a few minutes:
