2011 March 10 – Sheng

 
Ellen Sheng
Red, white — and through
Wall Street Journal [Blog] (10 Mar 2011)

http://blogs.wsj.com/hong-kong/2011/03/10/red-white-and-through/

Sheng reports from Hong Kong. “We definitely have been tracking migration of assets out of Europe and into Asia,” IRS Commissioner Shulman said to reporters when introducing 2011 OVDI in February. “An estimated 60,000 U.S. citizens live in Hong Kong alone, according to the consulate general’s office.” According to lawyer Joe Field, “We’re getting a whole new class of client who is someone who says, ‘I want to go into the disclosure program and as soon as I complete it, expatriate’.”