Fraudulent Offshore Tax Schemes: How They Get Caught

Promoters of fraudulent offshore tax schemes often claim that what they're doing is "asset protection," stating that it is legitimate and that it is up to the clients to file proper tax returns. However, these schemes might not be legitimate, in which case investors end up filing false tax returns and committing perjury. Although investigating these schemes is a difficult and lengthy process, some of the promoters and investors of offshore tax scams do get caught.

The following questions have been addressed in this article:

Why do people get caught?
How are abusive offshore tax schemes investigated?
What are the main obstacles to these investigations?
What are the results of these investigations?


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