OECD Announces Plan for Tax Evasion Reduction

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OECD Announces Plan for Tax Evasion Reduction

by Joseph M. Donegan on August 2, 2013

Tax law violations are typically a crime that most people hear about in domestic news,

but tax evasion and fraud appear to be an increasingly global phenomenon. As more

individuals take advantage of favorable regulations and tax benefits in offshore accounts and foreign financial institutions, the ability to commit tax evasion has become more accessible. In response, countries are now joining forces for a global tax evasion reduction, and the Organization for Economic Co-operation and Development (OECD) recently announced initiatives to play its part in this goal.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Joseph Donegan, Scarinci Hollenbeck | Attorney Advertising

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