Offshore Tax Evasion

Offshore tax evasion is when an individual or corporation tries to avoid taxation willingly through the means of secretly investing their money in offshore companies and banks which are tax free. In recent years, this problem has become more of a hot topic as people begin to be intolerant toward such behavior by big-name corporations.

The Grand Cayman Islands as well as many other Caribbean islands are common "offshore" zones.

Fast Facts

  • United States law requires firms to pay a 35% tax on U.S. profits.
  • Enron is a prime example of a case involving offshore tax evasion.

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Results 1-5 of 93 for "offshore tax evasion"

  • Offshore Tax Evasion

    Offshore tax evasion refers to the practice of hiding assets in offshore accounts for the purposes of avoiding...
    • Site: taxationlawfirms.com
  • Penalties for Tax Evasion

    Tax evasion refers to attempts by individuals, corporations or trusts to avoid paying the total amount of taxe...
    • Site: lawfirms.com
    • 4 of 4 user(s) found this useful
  • Tax Evasion

    Tax Evasion applies to individuals and businesses alike and involves the taxpayer intentionally overstating th...
    • Site: taxationlawfirms.com
  • Tax Evasion

    Being accused of tax evasion by either the state or federal government is not a charge to take lightly.  There...
    • Site: taxationlawfirms.com
  • Tax Evasion - Fraud Overview

    In the United States, tax evasion means illegally avoiding the assessment or payment of a tax. This should not...
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    • 2 of 3 user(s) found this useful

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