{"id":277,"date":"2010-08-05T14:03:56","date_gmt":"2010-08-05T14:03:56","guid":{"rendered":"http:\/\/www.whistleblowerlawyerblog.com\/2010\/08\/international_tax_evasion_targ.html"},"modified":"2021-06-11T17:47:52","modified_gmt":"2021-06-11T21:47:52","slug":"international_tax_evasion_targ","status":"publish","type":"post","link":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/international_tax_evasion_targ\/","title":{"rendered":"International Tax Evasion Targeted by IRS Move to Revamp Its Large Business Division"},"content":{"rendered":"<p>To battle offshore tax abuses and other international tax fraud and tax evasion, the IRS has announced that it is &#8220;realigning&#8221; and renaming its Large and Mid-Size Business (LMSB) division. To reflect its new emphasis, it will known as the &#8220;Large Business and International&#8221; division (LB&amp;I). <\/p>\n<p>As more transactions cross international borders, and more corporations and wealthy individuals use offshore tax havens and foreign low tax jurisdictions to avoid their tax obligations, the IRS is smart to focus more of its enforcement efforts in this way. <\/p>\n<p>Based on our experience with tax whistleblowers, it is clear that the <a href=\"https:\/\/www.whistleblowerlawyerblog.com\/irs_whistleblower_attorneys_co\/\">IRS Whistleblower Program<\/a> is already seeing increasing numbers of tax whistleblower claims dealing with offshore tax abuses and other international tax issues. <\/p>\n<p>The new IRS international unit will include a &#8220;transfer pricing&#8221; director, as well as a chief economist, who will oversee the IRS&#8217;s economic positions pertaining to transfer pricing. <\/p>\n<p>(Transfer pricing, in ordinary language, involves a multinational company&#8217;s reallocating income or expenses between related entities in different countries with different tax rates to reduce taxes, by artificially increasing or decreasing the price one business entity charges another for goods, services, or intangibles. Transfer pricing cases can be good IRS Whistleblower claims.)<\/p>\n<p>This action is the latest IRS step to address international tax evasion, including the investigation of the misuse of offshore accounts and foreign entities by U.S. taxpayers. Last fall, the IRS introduced a Global High Wealth Industry unit to improve monitoring of tax compliance by high income individuals,  and their related enterprises.<\/p>\n<p>Time will tell if the IRS succeeds in its stated goal &#8220;to create a more centralized organization dedicated to improving international tax compliance.&#8221;<\/p>\n<p>The IRS announcement is reprinted below:<br \/>\n <a href=\"https:\/\/www.finchmccranie.com\/whistleblower-blog\/international_tax_evasion_targ\/#more-277\" class=\"more-link\">Continue reading \u2192<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>To battle offshore tax abuses and other international tax fraud and tax evasion, the IRS has announced that it is &#8220;realigning&#8221; and renaming its Large and Mid-Size Business (LMSB) division. To reflect its new emphasis, it will known as the &#8220;Large Business and International&#8221; division (LB&amp;I). As more transactions cross international borders, and more corporations [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-277","post","type-post","status-publish","format-standard","hentry","category-irs-whistleblower-program-for-tax-whistleblowers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>International Tax Evasion Targeted by IRS Move to Revamp Its Large Business Division &#8212; Whistleblower Lawyer Blog &#8212; August 5, 2010<\/title>\n<meta name=\"description\" content=\"To battle offshore tax abuses and other international tax fraud and tax evasion, the IRS has announced that it is &quot;realigning&quot; and renaming its Large and &#8212; August 5, 2010\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finchmccranie.com\/whistleblower-blog\/international_tax_evasion_targ\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"International Tax Evasion Targeted by IRS Move to Revamp Its Large Business Division &#8212; 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