Sunrider International, Los Angeles, CA

Retail Tax Evasion A ‘yen’ for Asian Antiques Counsel in one of the largest income tax cases in the U.S. involving a privately held international company was required to refute allegations including money laundering and customs violations made by the U.S. government. The investigation focused upon the company’s business activities in Asia. The husband and wife who owned the company were indicted in federal court for conspiracy, tax evasion and smuggling, where it was alleged that they had underreported their 1987-1990 income by more than $125 million. It is essential that the forensic accountant in his financial fact-gathering role identify... Read More...

Law Firm

Securities Tax Evasion Taxing the rules Taxing authorities bring a different dimension when counsel’s client is a target. International transactions that are complex and perhaps unique seem to attract a more eager level of interest, especially if the target has some profile. As noted in an earlier high profile case, it is very important to address the allegations early in the process, if one is to persuade the taxing authority that another interpretation is available for a set of transactions. First hand information gathering by the forensic accountant is essential for maximum creditability with the tax authorities, so some international... Read More...