US Treasury Department says “world of bank secrecy is shrinking”

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

US Treasury Department says “world of bank secrecy is shrinking”

March 01 2011
dot.jpg

In the middle of a political cloud of ambiguity surrounding tax reform talk in the US, Michael Mundaca, the Assistant Secretary of the US Department of Treasury for Tax Policy discussed what lies ahead at the department at the Federal Bar Association’s Tax Law Conference in Washington DC on Friday.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

NewsUnited StatesDirect Tax
more across site & shared bottom lb ros

More from across our site

Reptune_CEO_Rolf van de Velde.jpg
Exclusive: Dutch TP software provider Reptune names new CEO
Rolf van de Velde, dubbed ‘an expert chosen by experts’, is tasked with scaling Reptune’s self-service compliance offering
Sam Sholli, June 30 2026
Direct Tax
Merger international
Perkins Coie and Ashurst merger closes to form $2.8bn firm
The newly combined firm brings together more than 3,500 practitioners across 52 offices, with flagship hubs in Seattle, London, Sydney and New York.
Noemi Distefano, June 29 2026
Direct Tax
merged_final_refined.jpg
‘Large, complex, difficult’: A&M Tax leaders reveal India expansion challenges
Building a transparent culture, prioritising internal promotions and being different from the big four are all key features of A&M Tax’s ambitious plans for India
Sam Sholli, June 29 2026
Indirect Tax
Indirect tax forum 2026 crowd shot
A taxing week: Advisers are struggling to keep pace with indirect tax complexity
ITR’s Indirect Tax Forum 2026 showed why harmonisation remains elusive, advisers must raise their game, and ‘everyone’s data is rubbish’
Tom Baker, June 26 2026
Direct Tax
Oslo, Norway - 24 September 2022: PricewaterhouseCoopers or PWC
PwC Australia to keep Kevin Burrowes as CEO beyond 2026: report
The firm’s board has reportedly asked Kevin Burrowes to continue until 2028 as the KPMG Australia scandal raises expectations of regulatory reform
Sam Sholli, June 26 2026
Direct Tax
A&M.jpg
This week in tax: A&M Tax launches Italy practice
A former Deloitte partner will lead the firm’s latest geographic expansion; in other news, Baker McKenzie added six tax lawyers to its partnership
Tom Baker, June 26 2026
Direct Tax
Fair Tax Mark
Exclusive: Fair Tax Foundation launches new accreditation for single-country businesses
The Fair Tax Mark now extends to domestic-only companies with turnover above €1m, with Thai travel operator Tripseed the first to be certified
Tom Baker, June 25 2026
Indirect Tax
Indirect Tax Forum 2026, Aline Berbari, Alex Baulf, Annemieke Broodbakker
External advisers didn’t know North American e-invoicing requirements: in-house leader
A technology provider had to be educated on technical requirements by Joseph Ribkoff’s IT team, a tax manager at the company said
Sam Sholli, June 24 2026
Indirect Tax
Davide Passannanti
External providers offer accountability ‘if things go wrong’: in-house leader on ViDA
But businesses should remain flexible when choosing between internal and external resources to handle added ViDA complexity, ITR’s Indirect Tax forum also heard
Tom Baker, June 23 2026
Direct Tax
hmrc.jpg
UK tax gap increases to £59.2bn
Non-compliance from small businesses continues to account for most of the gap, HM Revenue and Customs revealed
Tom Baker, June 23 2026
Gift this article