Aug. 5, 2015
VIDEO: US government gets 'beaned' in offshore tax case
A recent 7th Circuit decision emphasizes the continuing value of applying to enter the IRS's ongoing offshore voluntary disclosure program. By Daniel A. Saunders and Nathan J. Hochman
Daniel A. Saunders
Partner
Kasowitz Benson Torres LLP
Phone: (424) 288-7900
Email: dsaunders@kasowitz.com
UC Berkeley SOL; Berkeley CA
Daniel is a leading trial and appellate lawyer focusing on a variety of complex business litigation and white collar cases. He represents corporate and individual clients in a broad range of civil and criminal litigation and government, regulatory, and internal investigations, including for potential violations of the Foreign Corrupt Practices Act, Securities Exchange Act and False Claims Act. Mr. Saunders has tried more than 30 jury trials, and has briefed and/or argued more than 50 appeals before various U.S. Circuit Courts of Appeal.
On July 10, the 7th U.S. Circuit Court of Appeals affirmed the probationary sentence
given to billionaire Beanie Babies creator H. Ty Warner for evading $5.6 million in
U.S. taxes through the use of undisclosed Swiss bank accounts with balances totaling
over $100 million. United States v. H. Ty Warner, 14-1330. This high-profile defeat for the government in the lar...
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