Andrew Mitchel LLC

International Tax Blog - New and Interesting International Tax Issues

U.S. Government Continues to Pursue Taxpayers Committing Tax Fraud


As we reported last year, the U.S. government actively pursues taxpayers that are committing tax fraud. The Justice Department publicizes its successes in its press releases. The press releases continue to demonstrate an impressive list of tax-related convictions, guilty pleas, injunctions, summonses, and other actions against taxpayers (and tax preparers). Many of the tax fraud schemes include offshore activities. See, for instance:

  1. Wegelin Bank in Switzerland Indicted on U.S. Tax Charges (Feb. 2, 2012)
  2. UBS clients and tax attorney indicted in Phoenix for hiding assest in secret foreign bank accounts (Jan. 30, 2012)
  3. HSBC India client indicted for tax evasion and failing to report foreign bank accounts. (Nov. 17, 2011)
  4. UBS client pleads guilty to filing false tax return (Aug. 3, 2011)
  5. Former UBS banker charged with helping U.S. taxpayers use secret Swiss bank accounts to evade U.S. taxes (Aug. 2, 2011)
  6. Swiss international bank's former head of North America offshore banking, others charged with conspiracy (July 21, 2011)
  7. Jenkens & Gilchrist attorneys, former BDO Seidman CEO and Deutsche Bank broker found guilty in New York of multi-billion dollar criminal tax fraud scheme (May 24, 2011)
Tags: Other - Tax Fraud