The DOJ's Swiss Bank Program: Lessons Learned and the Road Ahead | Practical Law
This Article examines the Swiss Bank Program, which is the groundbreaking program administered by the US Department of Justice (DOJ) to combat offshore tax evasion in Switzerland and beyond. In particular, this Article discusses the Program's disclosure requirements and penalties, the key issues raised by the Program, the conflicting US and Swiss perspectives, the Program's effectiveness, and next steps for the DOJ in its pursuit of offshore tax enforcement.