Senate Hearing Will Double Down On Offshore Tax Evasion

Law360, New York (February 19, 2014, 6:42 PM EST) -- A Senate investigatory committee on Wednesday revealed it is preparing a hearing to explore how the federal government can collect unpaid taxes on billions held in Swiss bank accounts, underscoring the keen eye lawmakers have been placing on offshore tax evasion in recent years.

On Feb. 26, the U.S. Senate's Permanent Subcommittee on Investigations will call several witnesses, including representatives from an unnamed Swiss bank, to disclose how current efforts to hold Swiss banks and their U.S. clients accountable are working — a topic of key...
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