Tax evasion in the United States expenditures throughout the tax year. The IRS then compares the increase in net worth and the cash expenditures with the reported taxable income over time in order to determine the legitimacy of the taxpayer's reported income. The net worth method was first used in the case of "Capone v. United States". The cash method was approved in 1989 in "United States v. Hogan". First approved by the Eighth Circuit in 1935 in "Gleckman v. United States", the bank deposit cash expenditure method identifies tax evasion through review of the taxpayer's bank deposits. This method of investigation primarily focuses on whether
UBS tax evasion controversies of President Francois Hollande, had a secret Swiss bank account. An investigation was launched to determine whether UBS illegally solicited clients in France. In June 2013, French banking regulators fined UBS France 10 million euros for failures that could have allowed UBS clients to commit tax evasion. A month later, am investigation into allegations that UBS engaged in money laundering of assets generated by tax fraud was launched. UBS France executive Patrick de Fayet was among three local branch executives are being investigated. UBS wealth management bankers allegedly broke the law by enabling French taxpayers in hiding their assets in