Tax fraud occurs on a considerable scale that can exceed law enforcement's ability to detect and punish the conduct. This is true at both the federal and state levels. As of 2015, the Internal Revenue Service ("IRS") and the U.S. Department of Justice ("DOJ") Tax Division give their global efforts priority over virtually every other area of enforcement. They are committed to identifying and prosecuting those who hide income and assets offshore. Global tax enforcement is the number one priority of the U.S. authorities, and they are using their resources and tools in unprecedented ways to ensure that those who intentionally evade taxes are identified and brought to justice. Our whitepaper will help you better understand the following:
- The Rise of Enforcement and Who Might Be Implicated
- Banks in the Crosshairs
- FATCA
- OECD Common Reporting Standard
- Offshore Voluntary Disclosure Program and Streamlined Alternative
- How to Protect Yourself
Read: Global Tax Enforcement in 2015: What You Need to Know
Video: James Mastracchio and Jay Nanavati Discuss Global Tax Enforcement
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