Tax evasion

The bank admitted that it helped hundreds of American clients hide more than $1 billion in assets from the Internal Revenue Service and agreed to pay $192.4 million to resolve a decade-long U.S. tax investigation.

The agency's number of investigations in 2019 continued a general downward trend over the last few years, according to CI's 100th annual report.

Leaders of tax enforcement authorities from the U.S., Australia, Canada, the Netherlands and the United Kingdom met this week to discuss ways to deal with tax crimes and tax evasion, particularly involving cryptocurrency.

Over the last few years, captive insurance has become the tax shelter du jour for accountants and wealth planners looking to find ways to help their small business owner clients reduce their tax exposures. Now the IRS is cracking down on the scheme.

The Internal Revenue Service released a new set of tax gap estimates for tax years 2011, 2012 and 2013, indicating the tax compliance rate is mostly unchanged from previous years.

Authorities probe more than a dozen of the luxury brand’s current and former executives over an alleged tax-avoidance scheme.

The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.

Almost 40 percent — or some $15 trillion — of the world’s foreign direct investment is “phantom capital” designed to minimize the tax bills of multinational firms, according to a study published by the International Monetary Fund.

His boss pleaded guilty to helping wealthy clients hide assets worth at least 1.6 billion euros.

There's a new front in the agency’s burgeoning scrutiny of the crypto industry.