Scott Michel Comments on Israeli Bank's Response Amid IRS Scrutiny of Undeclared Offshore Accounts

Leumi (LUMI.TA), Israel's biggest bank, is requiring U.S. clients to declare their deposits to the Internal Revenue Service, amid heightened scrutiny of offshore accounts by U.S. authorities. Scott Michel, member and president of Caplin & Drysdale, comments on the implications of this recent development. Read >>