The DOJ's Swiss Bank Program: Lessons Learned and the Road Ahead | Practical Law

The DOJ's Swiss Bank Program: Lessons Learned and the Road Ahead | Practical Law

This Article examines the Swiss Bank Program, which is the groundbreaking program administered by the US Department of Justice (DOJ) to combat offshore tax evasion in Switzerland and beyond. In particular, this Article discusses the Program's disclosure requirements and penalties, the key issues raised by the Program, the conflicting US and Swiss perspectives, the Program's effectiveness, and next steps for the DOJ in its pursuit of offshore tax enforcement.

The DOJ's Swiss Bank Program: Lessons Learned and the Road Ahead

Practical Law Article w-002-8521 (Approx. 12 pages)

The DOJ's Swiss Bank Program: Lessons Learned and the Road Ahead

by Marnin J. Michaels, Martin P. Furrer, George M. Clarke, James J. Dries, Frédéric Bétrisey, Scott Frewing, Stephanie Jarrett, and Joan Meyer, Baker & McKenzie, with Practical Law Litigation
Published on 01 Aug 2016 • Switzerland, USA (National/Federal)
This Article examines the Swiss Bank Program, which is the groundbreaking program administered by the US Department of Justice (DOJ) to combat offshore tax evasion in Switzerland and beyond. In particular, this Article discusses the Program's disclosure requirements and penalties, the key issues raised by the Program, the conflicting US and Swiss perspectives, the Program's effectiveness, and next steps for the DOJ in its pursuit of offshore tax enforcement.