IRS to go after more tax havens

Robert Roach, counsel and chief investigator for the U.S. Senate Permanent Subcommittee on Investigations said that the US is losing around $100B annually in taxes because of foreign banks acting as tax havens. The IRS is said to be pursuing other banks after successfully gaining concessions from UBS. The full article can be read here.

April 27, 2009 In: International Comments (None)