News

July 3, 2013 2:39 PM

Prosecutions of offshore banks may help turn tide against secrecy

From clandestine meetings to phony foundations described in federal indictments, the secret world of offshore banking and the lengths to which Americans have gone to avoid taxes point to the complexities Congress will confront as it embarks on comprehensive tax restructuring. Fully 45 percent of Americans who’ve taken advantage of the IRS’s tax amnesty program held accounts in Switzerland.

Related content

Comments

Videos

More Videos

Idaho election: Interview with Clive Strong running for Idaho Supreme Court <span class='title-duration'>01:55</span> 01:55

Idaho election: Interview with Clive Strong running for Idaho Supreme Court 01:55

Idaho election: Interview with Ada County Commissioner candidate Rick Visser, District 2 <span class='title-duration'>02:02</span> 02:02

Idaho election: Interview with Ada County Commissioner candidate Rick Visser, District 2 02:02

Idaho election: Interview with House of Representatives candidate Christy Perry, District 11B <span class='title-duration'>02:05</span> 02:05

Idaho election: Interview with House of Representatives candidate Christy Perry, District 11B 02:05

Idaho election: Interview with House of Representatives Tammy Nichols, District 11A <span class='title-duration'>01:53</span> 01:53

Idaho election: Interview with House of Representatives Tammy Nichols, District 11A 01:53

Idaho election: Interview with District 11 Senate candidate Patti Anne Lodge <span class='title-duration'>02:04</span> 02:04

Idaho election: Interview with District 11 Senate candidate Patti Anne Lodge 02:04

Idaho election: Interview with Robyn Brody running for Idaho Supreme Court <span class='title-duration'>00:44</span> 00:44

Idaho election: Interview with Robyn Brody running for Idaho Supreme Court 00:44

Idaho election: Interview with Ada County Commissioner candidate Teri Murrison, District 2 <span class='title-duration'>00:59</span> 00:59

Idaho election: Interview with Ada County Commissioner candidate Teri Murrison, District 2 00:59

Idaho Election: Interview With Curt McKenzie Running For Idaho Supreme Court <span class='title-duration'>01:34</span> 01:34

Idaho Election: Interview With Curt McKenzie Running For Idaho Supreme Court 01:34

Idaho election: Interview with House of Representatives candidate Scott Syme, District 11A <span class='title-duration'>01:38</span> 01:38

Idaho election: Interview with House of Representatives candidate Scott Syme, District 11A 01:38

Share Video

Editor's Choice Videos