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Article: GAO WILL REPORT TO FINANCE PANEL AT JULY 24 HEARING ON INVESTIGATION OF CAYMAN ISLANDS OFFICE BUILDING
- Article from:
- US Fed News Service, Including US State News
- Article date:
- July 17, 2008
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The Senate Finance Committee issued the following news release:
Investigators from the Government Accountability Office (GAO) will report to the U.S. Senate Finance Committee next Thursday, July 24, on their investigation of a fivestory Cayman Islands building listed as the address of thousands of companies, and their evaluation of U.S. tax compliance implications. Investigators are expected to detail how many American businesses have addresses in the Ugland House and how many American corporations have subsidiaries in the Islands. Testimony will also review information on the substantial presence of hedge funds in the Cayman Islands along with other financial industries, the amount of ...