Ethics and governance in the European Financial centers

The Permanent Subcommittee on Investigations has scheduled a hearing, "Tax Haven Banks and U. S. Tax Compliance," on Thursday, July 17, 2008, at 9:30 a.m., in Room 106 of the Dirksen Senate Office Building. The Permanent Subcommittee on Investigations hearing will examine how financial institutions located in offshore tax havens, including Liechtenstein and Switzerland, may be engaged in banking practices that could facilitate, and in some instances have resulted in, tax evasion and other misconduct by U.S. clients. The hearing will also examine how U.S. domestic and international tax enforcement efforts could be strengthened. The Subcommittee expects to issue a Subcommittee staff report in conjunction with the hearing summarizing its investigative findings.

The witnesses will be :

Witnesses

Panel 1
THE HONORABLE DOUGLAS H. SHULMAN , Commissioner , Internal Revenue Service , Washington, D.C.
THE HONORABLE KEVIN O’CONNOR , Associate Attorney General , U. S. Department of Justice , Washington, D.C.

Panel 2
MR. SHANNON MARSH , Ft. Lauderdale, Florida
MR. WILLIAM WU , Forest Hills, New York
MR. PETER S. LOWY , Beverly Hills, California
MR. STEVEN GREENFIELD , New York, New York


Panel 3
MR. MARTIN LIECHTI , Head, UBS Wealth Management Americas , Zurich, Switzerland


Panel 4
MR. MARK BRANSON , Chief Financial Officer , UBS Global Wealth Management and Business Banking , Zurich, Switzerland
REPRESENTATIVE , LGT Group , Vaduz, Liechtenstein


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