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Leaked Data Could Result in Biggest Tax Evasion Investigation Into Offshore Accounts in History
Leaked Data Could Result in Biggest Tax Evasion Investigation Into Offshore Accounts in History
<...>
A statement by the U.S. Internal Revenue Service reiterated that the three countries...
“... have each acquired a substantial amount of data revealing extensive use of such entities organized in a number of jurisdictions including Singapore, the British Virgin Islands, Cayman Islands and the Cook Islands.”
And, the data...
According to officials, early analysis had uncovered information that could also be relevant to tax administrations of other jurisdictions they would share at request of other countries.
Given the current fervor over the IRS's latest scandal regarding its reported targeting of conservative organizations, I doubt this massive investigation will get the attention it deserves here in the U.S. But at least we're staying informed.
Stay tuned...
http://www.dailykos.com/story/2013/05/13/1208738/-Leaked-Data-Could-Result-in-Biggest-Tax-Evasion-Investigation-Into-Offshore-Accounts-in-History
<...>
A statement by the U.S. Internal Revenue Service reiterated that the three countries...
“... have each acquired a substantial amount of data revealing extensive use of such entities organized in a number of jurisdictions including Singapore, the British Virgin Islands, Cayman Islands and the Cook Islands.”
And, the data...
“... contains both the identities of the individual owners of these entities, as well as the advisors who assisted in establishing the entity structure.”
According to officials, early analysis had uncovered information that could also be relevant to tax administrations of other jurisdictions they would share at request of other countries.
“This is part of a wider effort by the IRS and other tax administrations to pursue international tax evasion,” said IRS acting commissioner Steven T. Miller.
"Our cooperative work with the United Kingdom and Australia reflects a bigger goal of leaving no safe haven for people trying to illegally evade taxes.”
Given the current fervor over the IRS's latest scandal regarding its reported targeting of conservative organizations, I doubt this massive investigation will get the attention it deserves here in the U.S. But at least we're staying informed.
Stay tuned...
http://www.dailykos.com/story/2013/05/13/1208738/-Leaked-Data-Could-Result-in-Biggest-Tax-Evasion-Investigation-Into-Offshore-Accounts-in-History
Makes me wonder if this sudden outrage against the IRS isn't a distraction.
Think about this: Republicans know the IRS has done this before. If they wanted to create a really damaging political storm, they would have tried to make hay of this during the election. Why didn't they?
They are trying to score political points to cover their political ass, but they may simply have opened a can of worms.
http://www.democraticunderground.com/10022836780
5 replies
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K & R 
