Monday, July 1, 2013
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.