February 26, 2008   STATEMENT OF SENATOR CARL LEVIN ON WORLDWIDE RESPONSE TO LIECHTENSTEIN TAX SCANDAL   “Today, multiple tax authorities from around the world announced their intent to investigate tax dodging by persons with accounts at Liechtenstein’s LGT Bank. We are witnessing a worldwide rejection of tax haven abuses and a new level of international cooperation to stop tax havens from facilitating tax dodging by the wealthy and powerful. “The IRS announced today that it is investigating more than 100 U.S. taxpayers with accounts in Liechtenstein; Australia, France, Germany, Italy, the United Kingdom, and others are doing the same. These actions show that tax haven abuses pose a worldwide problem. “About 50 tax havens operate in the world today. Those tax havens have, in effect, declared war on honest taxpayers, by giving tax dodgers the means to avoid their tax bills and leave them for others to pay. In the United States alone, offshore tax evasion produces an estimated $100 billion in unpaid taxes each year. “Bank accounts, corporations, trusts, and foundations in tax havens are shrouded in secrecy because they can’t stand the light of day. It’s long past time to shine the light on tax haven abuses and stop the tax dodgers from offloading their tax burden onto the backs of honest Americans. The Stop Tax Haven Abuse Act, S. 681, would do just that.” _____________________________ FOR ADDITIONAL INFORMATION CONTACT: TARA ANDRINGA 202/228-3685 tara_andringa@levin.senate.gov   ###   Printable Version   Related File(s)   PSI PRESS RELEASE (2-26-08) (11.0 KBs) « previous Press Release next Press Release »   1998 - 1999 - 2000 - 2001 - 2002 - 2003 - 2004 - 2005 - 2006 - 2007 February 2008 Press Releases   February 29 - SENATOR COLLINS WORKS TO ENSURE THAT MAINERS CAN STILL BOARD AIRPLANES WITH MAINE DRIVERS' LICENSES WHEN NEW REGULATIONS ARE IMPLEMENTED   February 27 - SENATE HOMELAND SECURITY COMMITTEE HOLDS HEARING TO EXAMINE GOVERNMENT’S RELIANCE ON PRIVATE SECURITYCONTRACTORS OVERSEAS   February 22 - SENATOR COLLINS REQUESTS TIMELINE FROM FEDERAL AGENCIES FOR STEPPING UP CYBER-SECURITY   February 15 - SENATOR COLLINS’ STATEMENT ON DAVID WALKER’S DEPARTURE FROM GAO   February 15 - SENATOR COLLINS QUESTIONS DHS CHIEF ON TWIC CARD AVAILABILITY   February 14 - SENATOR COLLINS QUESTIONS DHS SECRETARY CHERTOFF ABOUT PROPOSED CUTS TO HOMELAND SECURITY GRANTS   February 13 - LEGISLATION NEEDED TO REQUIRE NATIONAL GUARD AND RESERVES TO STEP UP CIVIL SUPPORT DURING DOMESTIC CATASTROPHES   February 7 - SENATOR COLLINS WORKS TO PROVIDE ADDITIONIONAL RESOURCES FOR AMERICA’S FIREFIGHTERS
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