Offshore tax evasion : U.S. efforts to collect unpaid taxes and the credit suisse case / Merrilyn Herman, editor.

Format:

Book

Contributor:

Herman, Merrilyn, editor.

Series:

Government procedures and operations.

Government Procedures and Operations

Language:

English

Subjects (All):

Crédit suisse.

Tax evasion--United States.

Tax evasion.

Tax collection--United States.

Tax collection.

Physical Description:

1 online resource (195 p.)

Place of Publication:

New York : Nova Science Publishers, 2014.

Language Note:

English

Summary:

Offshore tax evasion has been an issue of concern, not only due to tax fairness and legal compliance issues, but also because lost tax revenues contribute to the U.S. annual deficit, which today exceeds 500 billion. Collecting unpaid taxes is one way to reduce the deficit without raising taxes. According to the IRS, the current estimated annual U.S. tax gap is 450 billion, which represents the total amount of U.S. taxes owed but not paid on time, despite an overall tax compliance rate among American taxpayers of 83 percent. Contributing to that annual tax gap are offshore tax schemes responsib

Contents:

""OFFSHORE TAX EVASION: U.S. EFFORTS TO COLLECT UNPAID TAXES AND THE CREDIT SUISSE CASE""; ""OFFSHORE TAX EVASION: U.S. EFFORTS TO COLLECT UNPAID TAXES AND THE CREDIT SUISSE CASE""; ""Library of Congress Cataloging-in-Publication Data""; ""CONTENTS""; ""PREFACE""; ""Chapter 1: OFFSHORE TAX EVASION: THE EFFORT TO COLLECT UNPAID TAXES ON BILLIONS IN HIDDEN OFFSHORE ACCOUNTS""; ""I. EXECUTIVE SUMMARY""; ""II. BACKGROUND""; ""III. CREDIT SUISSE: CASE STUDY IN SWISS SECRECY""; ""IV. PRESSURE ON NET NEW ASSETS REPORTING BY PRIVATE BANK""; ""V. LAX U.S. ENFORCEMENT""; ""End Notes""

""Chapter 2: STATEMENT OF BRADY DOUGAN, CEO, CREDIT SUISSE. HEARING ON ''OFFSHORE TAX EVASION: THE EFFORT TO COLLECT UNPAID TAXES ON BILLIONS IN HIDDEN OFFSHORE ACCOUNTS''""""EXECUTIVE SUMMARY""; ""INTRODUCTION""; ""POLICIES, PROCEDURES,&TRAINING""; ""EXIT OF U.S. RELATIONSHIPS""; ""“UNDECLARED ACCOUNTS�""; ""INTERNAL INVESTIGATION""; ""COOPERATION WITH U.S. AUTHORITIES""; ""EFFORTS TO FACILITATE INFORMATION DISCLOSURE""; ""RECOGNITION OF NET NEW ASSETS UNDER SWISS REGULATIONS""; ""CONCLUSION""

""Chapter 3: JOINT STATEMENT OF JAMES M. COLE, DEPUTY ATTORNEY GENERAL AND KATHRYN KENEALLY, ASSISTANT ATTORNEY GENERAL,U.S. DEPARTMENT OF JUSTICE. HEARING ON ''OFFSHORE TAX EVASION: THE EFFORT TO COLLECT UNPAID TAXES ON BILLIONS IN HIDDEN OFFSHORE ACCOUNTS''""""ENFORCEMENT AGAINST CROSS-BORDER TAX EVASION""; ""SWISS BANK PROGRAM""; ""INDEX""

Notes:

Includes index.

Description based on online resource; title from PDF title page (ebrary, viewed April 28, 2014).

ISBN:

1-63117-794-X

OCLC:

916951802