- Prison Planet.com - http://www.prisonplanet.com -

Leniency for Offshore Cheats

Posted By admin On May 6, 2013 @ 8:03 am In Money Watch | Comments Disabled

Wall St Journal [1]
May 6, 2013

U.S. courts are doling out more lenient punishment to tax evaders hiding money offshore than to other tax cheats.

Despite a high-profile government crackdown on secret offshore financial accounts since 2009, the average sentence in those cases has been about half as long as in some other types of tax cases, according to a comparison of Internal Revenue Service statistics and data compiled by former U.S. Justice Department lawyer Jack Townsend.

In many cases, judges are also opting for shorter sentences than recommended under federal guidelines.

Full article here [1]

Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/leniency-for-offshore-cheats.html

URLs in this post:

[1] Wall St Journal: http://online.wsj.com/article/SB10001424127887323687604578465132983095400.html?mod=WSJ_hp_LEFTWhatsNewsCollection

[2] IRS Auditing How GOOGLE Shifted Profits Offshore to Avoid Taxes: http://www.prisonplanet.com/irs-auditing-how-google-shifted-profits-offshore-to-avoid-taxes.html

[3] IRS to monitor Facebook, Twitter for tax cheats: http://www.prisonplanet.com/irs-to-monitor-facebook-twitter-for-tax-cheats.html

[4] IRS Intensifies Global Hunt for Secret Offshore Bank Accounts: http://www.prisonplanet.com/irs-intensifies-global-hunt-for-secret-offshore-bank-accounts.html

[5] US Companies Keeping Even More Money Offshore: http://www.prisonplanet.com/us-companies-keeping-even-more-money-offshore.html

[6] Banks, Global Elite Confirmed to Hold $32 Trillion in Offshore Accounts: http://www.prisonplanet.com/banks-global-elite-confirmed-to-hold-32-trillion-in-offshore-accounts.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.