US Senate 'Al Capone' jibe signals offshore threat

US Senate recommendations seeking to increase disclosure and strengthen enforcement in financial jurisdictions could have far-reaching implications offshore, according to Jersey law firm BakerPlatt Group. Commenting on the US Senate Committee on Homeland Security and Governmental Affairs' investigation into 'Tax Haven Banks and US Tax Compliance', Stephen Platt, English barrister and chairman of the BakerPlatt Group, said: "The tone and content of their recommendations will no doubt lead to a more onerous and rigorous environment for financial institutions, whilst banks operating in so ca...