State Bar of Texas Blog

Kathryn Keneally talks about taxes and offshore accounts

“We are looking at the whole world—and still looking at Switzerland,” Kathryn Keneally, assistant attorney general with the Department of Justice Tax Division, told a crowded house at a Q&A session Friday, June 21, at the State Bar of Texas Annual Meeting. Keneally talked about the goings-on offshore and while she couldn’t comment on upcoming specific actions, she did say: “There are going to be things we are going to do next.” She said the division has many tools and will be getting information in non-public ways that it will use. In other words, don’t think your Swiss bank account will go unnoticed. Keneally said the division wants the Offshore Voluntary Disclosure program to work. “It would be foolish not to come forward.”

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