U.S. Senate Finance Committee Chair Ron Wyden (D-OR) has announced the release of the findings of a year-long investigation into the largest alleged individual tax evasion scheme in U.S. history, which uncovered the "shell bank" loophole in the Foreign Account Tax Compliance Act (FATCA).

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Wyden Investigation Uncovers Major Loophole In Offshore Account Reporting

Loophole facilitates tax …