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Tax Notes Quotes Mark Matthews on Justice Department's Investigation of Swiss Banks
Caplin & Drysdale

Tax Notes Quotes Mark Matthews on Justice Department's Investigation of Swiss Banks

Date: 1/4/2016

Tax Notes quoted Mark E. Matthews on the Swiss banks cooperating with the Justice Department's Tax Division to avoid possible criminal tax liability from undeclared offshore bank accounts held by U.S. taxpayers. Some U.S. taxpayers or "leavers", as they are referred to in the article, are switching banks to block the Justice Department from receiving their account history with the Swiss banks during the investigations. For the complete article, please visit Tax Notes's website (subscription required).  

Excerpt taken from the article "Year in Review: The Swiss Banks Came in From the Cold" by Nathan J. Richman

'Leavers'

. . .

Mark E. Matthews of Caplin & Drysdale Chtd. has a more colorful description of the trend. "If there seems to be a special place in hell, in the Justice Department's mind, for people, it is for people who moved banks," he said.

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