Skip to Main Content

Scott Michel Quoted in Forbes, The Biggest Story in Banking, Thanks to IRS

March 21, 2012, Forbes
Excerpt taken from the article.

Sometimes, what seems like a little story is actually quite extraordinary.

That's what happened earlier this month, when what seemed like business as usual thousands of miles away came and went without a lot of attention. That business, with the bang of a gavel, was the Swiss parliament amending their tax treaty with the United States.

Scott Michel, a tax attorney and president of Washington, D.C.-based law firm Caplin & Drysdale, called the change "a big deal."

Under the new tax treaty, the IRS can ask the Swiss to disclose names of U.S. taxpayers at a bank with evidence of "behavioral patterns" that might point to tax evasion. And where might the IRS get that evidence? A prime source could be the IRS' own offshore voluntary disclosure initiative (OVDI) and subsequent amnesty programs.

To read the rest of the story on the U.S. tax treaty and its affect on U.S. taxpayers world-wide, click here.

About Caplin & Drysdale
Celebrating our 55th Anniversary in 2019, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
New York, NY Office:
600 Lexington Avenue
21st Floor
New York, NY 10022


This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
©2021 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practice Area(s)