Tax
Apr. 16, 2011
Offshore Accounts in Asia Targeted
Federal officials are moving their scrutiny of offshore bank accounts east, attorneys say, evidenced by the Department of Justice's recent move to force HSBC to provide the names of Indian-Americans storing money abroad.
Daily Journal Staff Writer
When the Department of Justice announced its intentions last week to force HSBC Holdings PLC, one of the world's largest banks, to give up the names of American clients holding money in India, it solidified a trend lawyers have long seen coming - that scrutiny of offshore bank accounts is moving to the East.
Attorneys say Internal Revenue Service and DOJ agents have been dropping public hints for...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In