Tax evasion knows no borders

Table of contents

• Factual background
• US extraterritoriality
• The pursuit of extraterritorial tax evasion: What about the UK?

Article summary

Law360, Expert Analysis: The former CEO of a UK bank recently pled guilty to charges under the Foreign Account Tax Compliance Act, following a US Department of Justice sting operation spanning several countries. The conviction sends a clear message that US authorities will prosecute not only US account holders, but those who facilitate tax evasion, whatever their nationality, say attorneys at White & Case LLP.