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We're standing by the pool at the Ritz Carlton in Florida's South Beach, attendees at a financial conference here mingle by the bar and wander through meeting rooms upstairs. This isn’t just any industry conference — it’s the tenth annual OffshoreAlert gathering, bringing together financial advisors, Cayman Islands and other offshore bankers, and government officials. “This is the 'Star Wars' bar of off-shore finance,” says one attendee by the pool bar, quoting a description of the event that’s appeared in the press. “Everybody’s here.” But it was the presence of 19 Internal Revenue Service officials at the conference earlier this week that attracted the attention — and criticism — of Republican Sen. Chuck Grassley of Iowa, ranking member of the Senate Judiciary Committee and a former chairman of the Finance Committee. Read More |