Attorney General Richard Blumenthal says he is investigating whether Connecticut residents were among the 4,450 U.S. citizens who evaded taxes through offshore accounts with Swiss banking giant UBS.
Blumenthal said he is coordinating with state and federal tax collectors and federal prosecutors to identify state residents who have illegally diverted money overseas.
“UBS is naming names of tax evaders, and we have reason to believe Connecticut citizens are among them,” he said. “We will vigorously pursue them for unpaid taxes, including anyone who comes forward under the federal amnesty program.
UBS has an estimated 52,000 accounts held by U.S. customers. The chief of the Internal Revenue Service said recently the 4,450 accounts being identified were the ones most suspected of containing undeclared assets. Many of the rest are held by people who have complied with the law and paid their taxes.
