As resources become more scarce to support the disastrous U.S. economic policies the IRS is going more 
and more global to track down those darn tax cheats. First it was European and Caribbean tax havens and now it is Singapore and Hong Kong they are after. What a joke,the U.S. government waste more in one day than they expect to collect from these so called evaders in ten years. Go here to see the IRS most wanted list of tax evaders.
Excerpts from Reuters: Washington inflicted a tough lesson last year
on Switzerland by forcing the world's biggest offshore banking center
to lift its treasured bank secrecy and slapping a $780-million penalty
on UBS. The Department of Justice
is now going after other offshore centers like Singapore, which have
attracted undeclared money that left Switzerland, and has opened a
criminal inquiry into Asian clients of Britain's HSBC Holdings Plc,
Europe's No. 1 bank.. Banks in
Singapore and Hong Kong hold estimated offshore wealth worth $700
billion against Switzerland's $2 trillion, according to the 2010 Boston
Consulting Group Wealth Report. "There
are going to be more such cases," a U.S. Internal Revenue Service
source told Reuters. "There's a lot of talk about money being moved
from Switzerland into Asia." U.S. authorities have made it clear they are not
looking at just one bank or one jurisdiction, said Edmund Leow,
principal at Baker & McKenzie, Wong & Leow in Singapore, adding
that Hong Kong and Singapore would be the first Asian financial hubs
for the IRS to look into.
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