on 17 July, the Subcommittee on Investigations of the U.S. Senate Committee on Homeland Security and Governmental Affairs will hold a hearing titled Tax Haven Banks and U. S. Tax Compliance. According to descriptive blurb on the committee web site, “The Permanent Subcommittee on Investigations hearing will examine 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 will also examine how U.S. domestic and international tax enforcement efforts could be strengthened. The Subcommittee expects to issue a Subcommittee staff report in conjunction with the hearing summarizing its investigative findings. A witness list will be available Monday, July 14, 2008.”
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