Sentences of U.S. Taxpayers for Offshore Tax Evasions Show Inconsistency

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Monday, July 1, 2013
Author: 
Bruce Zagaris
Volume: 
29
Issue: 
7
Abstract: 

On April 25, 2013, two sentencing decisions of U.S. taxpayers for evading taxes through hiding offshore income show the difficulty of predicting sentences.  Meanwhile, a federal regulatory report by HSBC indicates that two different federal authorities are investigating its potential misconduct in helping U.S. taxpayers hide their income and assets to commit tax crimes.