Sens. Push DOJ To Pursue Swiss Banks On Tax Evasion

Law360, New York (February 26, 2014, 6:20 PM EST) -- The U.S. Senate's Permanent Subcommittee on Investigations unleashed a barrage of tough questions on U.S. Department of Justice officials Wednesday, lambasting the department for its lackluster efforts in aggressively pursuing Swiss banks for helping U.S. citizens evade taxes.

In often-tense exchanges between Chairman Carl Levin, D-Mich., and DOJ Deputy Attorney General James M. Cole, Levin said the department earned just one conviction involving Swiss bank tax evasion since 2009, showing a lack of seriousness from the DOJ on the issue.

"We ought to raise the fear...
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