According to the New York Times, the rich are not being audited by the IRS because the I.R.S. is not being provided with the resources it needs to chase offshore accounts and tax cheats. Questions: Why do the authors of this article submit that taxing ultramillionaires is not the problem? Over what period of time… Read more »
Posts Tagged: off shore accounts
The benefits of offshore without leaving the country
For wealthy Americans looking to veil their assets and shield some of their income from taxation, there is no need to go to Panama or any other offshore tax haven. According to the New York Times, it’s easy to establish a shell corporation right here at home and virtually no questions are asked. Questions: 1…. Read more »