[apillar]

I wonder if this will have any impact on the IRS going after foreign banks that they accuse of helping Americans hide money from the taxman offshore “the old Swiss Bank Account”... Even though it might be perfectly legal in the country the bank is headquartered in...

[Lurking Libertarian]

I wonder if this will have any impact on the IRS going after foreign banks that they accuse of helping Americans hide money from the taxman offshore “the old Swiss Bank Account”... Even though it might be perfectly legal in the country the bank is headquartered in...

Probably not, because those cases use a "specific jurisdiction" theory (aiding and abetting a U.S. citizen to commit a crime in the U.S.).