More people choosing voluntary disclosure to avoid US tax probe

Speaking at the International Bar Association's 12th Transnational Crime Conference in New York, Ed Shorrock, director of forensic and regulatory services at law firm BakerPlatt, says many people are clamouring to provide voluntary disclosure and divulge information, as the US flexes its regulatory muscles. A panel including US and Swiss lawyers discussed the efforts of government worldwide to recoup billions of pounds allegedly involved in cross-border violations though tax investigations. The US government's tough stance towards individuals involved in fraud against the IRS and the au...