The Justice Department and the IRS are expanding their reach into foreign countries to find people who owe the U.S. government money, panelists said at a recent Miami conference. The senior litigation counsel at the DOJ's tax division said the goal is to move beyond the investigation of Swiss bank UBS, which paid $789 million in penalties and handed over the names of more than 4,000 U.S. account holders.
Reach Into Foreign Banks for Hidden U.S. Money Deepens
Daily Business Review
January 16, 2013