Jay R. Nanavati and Caroline D. Ciraolo presented "Global Tax Enforcement: Compliance & Risk Mitigation" to members of the Bahamas Financial Services Board and Association of International Banks & Trust Companies in Nassau, Bahamas
On November 29, 2017, Jay R. Nanavati and Caroline D. Ciraolo presented "Global Tax Enforcement: Compliance & Risk Mitigation" at the Bahamas Financial Services Board in Nassau, Bahamas.
With their colleague, Rich Kando, a Managing Director with Alix Partners LLP, Mr. Nanavati and Ms. Ciraolo shared their extensive knowledge on the subject with those in attendance. More than 150 financial and other service professionals attended the conference to discuss important topics related to the current global landscape with respect to tax enforcement, trends in the international exchange of information and transparency of beneficial ownership, due diligence and compliance requirements imposed on gatekeepers, and the need for current anti-tax evasion compliance programs, risk assessments, training, and monitoring under the U.K. Criminal Finance Act.
Caroline D. Ciraolo participated in a panel titled "The IRS And DOJ Continue To Prioritize Employment Tax Enforcement - Are You And Your Clients Prepared?" at the 2017 Annual Meeting of the California Tax Bar & California Tax Policy Conference
For the last several years, the IRS and the Department of Justice Tax Division have focused their attention on employment tax enforcement. We’ve seen new notices and alerts to taxpayers regarding non-compliance, more field visits by revenue officers, an increase in worker classification audits, a surge in suits for injunctions and motions for contempt, and an escalation of criminal investigations into willful employment tax violations.
Caroline D. Ciraolo moderated a panel titled "Continuing Enforcement And Disclosure Issues Regarding Foreign Assets" at the ABA International Tax Enforcement and Controversy Conference
On October 27, 2017, Caroline Ciraolo joined an esteemed panel at the ABA International Tax Enforcement and Controversy Conference, including John V. Cardone, Director, Withholding and International Individual Compliance Practice Area, Large Business & International Division, IRS, Nanette L. Davis, Senior Litigation Counsel, U.S. Department of Justice Tax Division, Don Fort, Chief, Criminal Investigation Division, IRS, and Charles Pillitteri, Assistant Division Counsel (International), Small Business/Self-Employed, IRS, to discuss the Continuing Enforcement and Disclosure Issues Regarding Foreign Assets.