IRS Asks Julius Baer Clients in U.S. for Information, NZZ Says
The Internal Revenue Service has asked U.S. citizens for information about accounts at Julius Baer Group Ltd. and Basler Kantonalbank, Neue Zuercher Zeitung said, citing Scott Michel, a lawyer at Caplin & Drysdale.
Caplin & Drysdale represented 350 of 15,000 people who participated in an amnesty program for undeclared offshore bank accounts, the newspaper said.
Julius Baer is not aware of any investigation, Jan Vonder Muehll, a spokesman for the bank, told Bloomberg News. Michael Buess, a spokesman for Basler Kantonalbank, didn’t immediately respond to an e-mail outside of regular office hours.
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