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Scott Michel Quoted Regarding U.S. Finding Jurisdiction for Foreign Bank Prosecutions
Caplin & Drysdale

Scott Michel Quoted Regarding U.S. Finding Jurisdiction for Foreign Bank Prosecutions

Date: 6/10/2013

Tax Notes quoted Scott D. Michel regarding the U.S. prosecuting foreign banks with no physical presence in the United States. Prosecutors believe that foreign banks are subject to U.S. law and that the U.S. can assert jurisdiction when it can be shown that bank personnel facilitated tax evasion by helping U.S. taxpayers keep income and assets unreported. For the complete article, please visit Tax Notes' website.

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