Skip to Main Content
 

President Obama Nominates Cono Namorato as Top Tax Prosecutor

February 24, 2015, International Tax Monitor

Bloomberg's International Tax Monitor reported that President Barack Obama nominated Cono R. Namorato to serve as the top U.S. tax prosecutor amid probes of HSBC Holdings Plc and dozens of Swiss banks.  If confirmed by the Senate, Mr. Namorato would become Assistant Attorney General over the Department of Justice Tax Division, where he would lead more than 300 criminal and civil lawyers overseeing investigations and litigation.  Division lawyers are negotiating with dozens of Swiss banks that entered a disclosure program to avoid prosecution for helping Americans evade taxes.  More than 100 Swiss banks signed up for the program in 2013, seeking an end to a seven-year U.S. probe of the world's largest offshore tax haven.  The tax division also investigates identity theft, illegal tax shelters and other crimes, while approving every tax case filed by the 93 U.S. attorneys around the country.  For more on the story, please visit Bloomberg's website (subscription required).

________________________________________________

About Caplin & Drysdale
Having celebrated our 50th Anniversary in 2014, Caplin & Drysdale continues to be a leading provider of tax, tax controversy, and litigation legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills - combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment - make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:

-Bankruptcy
-Business, Investment & Transactional Tax
-Complex Litigation
-Corporate Law
-Employee Benefits
-Exempt Organizations
-International Tax
-Political Law
-Private Client
-Tax Controversies
-Tax Litigation
-White Collar Defense

For more information, please visit us at www.caplindrysdale.com.

Washington, DC Office:
One Thomas Circle, NW
Suite 1100
Washington, DC 20005
202.862.5000
        New York, NY Office:
600 Lexington Avenue
21st Floor 
New York, NY 10022
212.379.6000

___________________________

Disclaimer
This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.

© 2017 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practices