Using The New York FCA To Combat Offshore Tax Evasion

Law360, New York (April 14, 2015, 10:51 AM EDT) -- Just in time for Tax Day, offshore tax evasion is back in the news. New details have emerged about substantial efforts undertaken by HSBC and other banks in so-called "bank secrecy" jurisdictions to help wealthy individuals avoid paying taxes. If individuals or businesses in New York have utilized accounts abroad to illegally shelter income, back taxes may be owed to the state.

New York's Fraud, Enforcement & Recovery Act, introduced by then-Sen. Eric Schneiderman and passed in 2010, created the first-in-the-nation state program to allow tax fraud recoveries under a false claims act. In introducing the legislation, Schneiderman explained that the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!