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PAGE C1 Tax Evasion Could Increase Tax evasion by Americans using offshore accounts is rising and will increase, Treasury Secretary Paul H. O'Neill testified before a Senate subcommittee.
Sharp drops in blue-chip and technology shares -- only a day after the Nasdaq composite index posted its largest one-day point gain ever -- also helped to increase Treasury prices.
Tax evasion by Americans using offshore accounts is rising and will increase, Treasury Secretary Paul H. O'Neill testified today as he tried to persuade a skeptical Democratic senator that he was committed to vigorously pursuing tax cheats.
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