Taking aim at tax havens
August 24th, 2009
U.S. government to get names of suspected American tax dodgers using Swiss bank accounts
Las Vegas Sun
The Obama administration, in a departure from previous administrations, has been aggressive in going after Americans hiding their wealth in secret offshore accounts so they can avoid paying U.S. taxes.
This new approach is welcome and is paying dividends: On Wednesday the Justice Department and the Internal Revenue Service announced they had struck a deal with Switzerland’s government. Switzerland is expected to turn over the names of suspected American tax dodgers who hold 4,450 secret accounts with UBS, one of the world’s largest banks.
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