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Tag: tax prosecutors

Loss of Fed Tax Prosecutors Slows Crackdown on Offshore Bank Accounts

By Allan Lengel
ticklethewire.com

Something doesn’t seem right here.

Bloomberg news reporst that the Justice Department has lost almost 30 percent of its tax prosecutors in the past month.

Bloomberg reported that the loss is slowing down the U.S. crackdown on offshore banks and tax evasion.

“To move one-third of these people from that effort will significantly compromise such enforcement at the very time it is needed to deal with the huge amounts of offshore cases coming to the tax division,” Nathan Hochman, a former assistant attorney general who oversaw the tax division under President George W. Bush, told Bloomberg.

To read more click here.