US Said to be Investigating Israeli Banks in Tax Evasion Case
Two Israeli banks have been implicated in a case of tax evasion, as the U.S. Justice Department charged an Israeli immigrant to the U.S. of using accounts in the Israeli banks to hide funds that he did not pay taxes on. The investigation is part of a wide-ranging crackdown by the U.S. on foreign bank accounts held by U.S. citizens, where money is transferred to avoid the attention of the Internal Revenue Service. The U.S. has investigated at least 11 banks over accounts that were opened by Americans who were accused of tax evasion.
Other archived news briefs:Feb 19 2013, 10:57 PM, 2/19/2013