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Tax Haven Banks and U. S. Tax Compliance (Day One)

Permanent Subcommittee on Investigations

Location: Room 106, Dirksen Senate Office Building

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Agenda

The Permanent Subcommittee on Investigations hearing, "Tax Haven Banks and U. S. Tax Compliance," examined how financial institutions located in offshore tax havens, including Liechtenstein and Switzerland, may be engaged in banking practices that could facilitate, and in some instances have resulted in, tax evasion and other misconduct by U.S. clients. The hearing  also examined how U.S. domestic and international tax enforcement efforts could be strengthened. The Subcommittee issued a Subcommittee staff report in conjunction with the hearing summarizing its investigative findings.

Exhibits 1 - 114

Witnesses

Panel 1

  • THE HONORABLE DOUGLAS H. SHULMAN
    Commissioner
    Internal Revenue Service
    Washington, D.C.
    Download Testimony (48k)
  • THE HONORABLE KEVIN O’CONNOR
    Associate Attorney General
    U. S. Department of Justice
    Washington, D.C.
    Download Testimony (79k)

Panel 2

  • MR. SHANNON MARSH (No Prepared Remarks)
    Ft. Lauderdale, Florida
  • MR. WILLIAM WU (No Prepared Remarks)
    Forest Hills, New York
  • MR. PETER S. LOWY (Did Not Appear - Rescheduled for July 25th)
    Beverly Hills, California
  • MR. STEVEN GREENFIELD (Did Not Appear - Rescheduled for July 25th)
    New York, New York

Panel 3

  • MR. MARTIN LIECHTI (No Prepared Remarks)
    Head, UBS Wealth Management Americas
    Zurich, Switzerland

Panel 4

  • MR. MARK BRANSON (No Prepared Remarks)
    Chief Financial Officer
    UBS Global Wealth Management and Business Banking
    Zurich, Switzerland
  • LGT GROUP (Did Not Appear)
    Vaduz, Liechtenstein