How To Avoid Fraudulent Offshore Tax Schemes

Fraudulent offshore tax schemes are quite common, and, for some of them, widely advertised. That makes them all more dangerous. For instance, many taxpayers have been persuaded to invest into schemes involving the set up of a credit-card account in a tax haven country with money that is not reported on tax returns. Whereas such schemes are clearly abusive, other “borderline” schemes might be less obvious to detect.

The following questions have been addressed in this article:

Why are fraudulent tax schemes hard to detect?
What is the main assumption behind borderline offshore tax schemes?
What are some of the most common abusive tax schemes?
Is it possible to obtain a guarantee that a scheme is not fraudulent?


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