It is a world of bank accounts held under corporate names in Switzerland, Hong Kong, the Cayman Islands and elsewhere. A place where wealthy U.S. clients meet their offshore bankers in furtive hotel conferences. And where foreign financial advisers and lawyers deter clients from disclosing assets to the IRS.
"For those still hiding in this shadowy world, it is time to come in and get right with your government or face stiff criminal and financial penalties," said IRS Commissioner Douglas Shulman.
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