HALISTER1: IRS Expands Overseas Avoidance Efforts Beyond Switzerland

IRS Expands Overseas Avoidance Efforts Beyond Switzerland

(Bloomberg) -- IRS is widening pursuit of U.S. tax evaders to outside Switzerland, Bloomberg BNA’S Allyson Versprille reports, citing Richard Weber, chief of agency’s Criminal Investigations Division.
  • Weber spoke Thursday at anti-money laundering conference sponsored by New York State Society of Certified Public Accountants
  • Unit is “looking at a bunch of other countries where money has been flowing from Switzerland”; Weber sees significant announcements within next year
    • Other countries could include parts of Asia, Israel, according to Scott D. Michel, a member of Caplin & Drysdale Chartered, citing anecdotal evidence
  • IRS also focusing on cybercrime, illegal activity on the so- called dark web
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Richard Weber (United States Internal Revenue Service)
Scott Michel (Caplin & Drysdale)

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