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U.S. Senator Wyden Uncovers Major Loophole in Offshore Account Reporting

29 August 2022

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United States

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). --- Wyden Investigation Uncovers Major Loophole In Offshore Account Reporting Loophole facilitates tax evasion, was key in Brockman $2 billion tax evasion scheme Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today released the findings of a year-long investigation into the largest alleged individual tax evasion scheme in U.S. history. The investigation uncovered the...