U.S. Tax Officials Raid Persons Involved in Offshore Vehicles

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Tuesday, May 1, 2001
Author: 
Bruce Zagaris
Volume: 
17
Issue: 
5
193
Abstract: 

On March 5, 2001, the Internal Revenue Service announced the carrying out of extensive raids during the preceding week to obtain information against suspected promoters of tax evasion schemes involving the use of offshore banks, trusts, and other vehicles.
Commissioner Charles O. Rossotti announced that the I.R.S. conducted more than three dozen searches and made four arrests as the I.R.S. utilized about 300 of its 2,700 criminal tax investigators…[more]