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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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Search Results for "offshore tax evasion"

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Results 1-5 of 8 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
    • 6 of 8 user(s) found this useful
  • Defining Tax Shelter Fraud

    Once you hear the words “tax shelter,” you may immediately want to check out, and think such lofty financial...
    • Site: taxationlawfirms.com
  • 4 Examples of Abusive Tax Shelters

    When people resort to illegal tax shelters with an aim to reduce the amount of tax to be paid, then these are ...
    • Site: taxationlawfirms.com
  • Potential Consequences of Tax Shelter Fraud

    While investing in a pension fund or real estate can provide you with some respite from taxes, willfully enter...
    • Site: taxationlawfirms.com

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Results 1-4 of 4 for "offshore tax evasion"

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