On Wednesday, July 9, 2014, 2014, Jerald David August presented at the American Law Institute CLE Webcast Event, "New Developments in International and Domestic Tax Evasion and Compliance"
Global tax enforcement remains a top priority at the Internal Revenue Service (IRS). The IRS and Justice Department continue to pursue civil and criminal investigations of individuals or institutions suspected of international as well as domestic tax evasion. The U.S. Treasury has signed tax information sharing agreements and entered into intergovernmental agreements under FACTA to prevent and detect offshore tax evasion by U.S. taxpayers. Further, the Justice Department’s press for transparency of information from tax-haven jurisdictions is likely the new norm.