U.S. tax officials have thrown a historic one-two punch at wealthy Americans hiding money offshore. On Oct. 15, they announced that Robert Smith, the 57-year-old private-equity billionaire who founded Vista Equity Partners, admitted he criminally evaded taxes on more than $200 million of income from 2000 through 2015 by using secret foreign accounts in the Caribbean and Switzerland.

Source: Wall Street Journal October 23, 2020 09:33 UTC