IRS Commissioner Doug Shulman said the IRS may re-open its voluntary disclosure program, offering a partial amnesty to tax evaders who have been hiding money in foreign bank accounts.

During a speech in Washington, D.C. at the 23rd Annual Institute on Current Issues in International Taxation, Shulman described the success of a program it had offered last year to encourage the customers of Swiss bank UBS and other foreign banks to come forward and disclose their account holdings to the IRS.

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