Boston Tax Evasion Attorney Takes a Closer Look at Swiss Bank Amnesty
Offshore Account UpdatePosted on October 23, 2015
The Department of Justice has entered into non-prosecution agreements with 15 foreign banks as of July 2015. The non-prosecution agreements were negotiated as part of the Swiss Bank Program. The Swiss Bank Program grants amnesty and ensures banks will not have to face criminal charges for helping to facilitate tax evasion. In exchange for the banks not having to face criminal charges, the banks must turn on their own employees and provide enough details that U.S. authorities can use to go after American individuals and businesses who did not follow U.S. tax law.
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