Challenges in Investigating and Prosecuting Tax Evasion Case

Tax Evasion
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Tax Evasion
Offshore tax evasion remains one of the most significant economic challenges today. Fighting tax evasion remains a moving target due to its complex nature. The practice does not only involve individuals but corporations and governments. Additionally, tax evasion is characterized by the interconnectedness of different players hence making it almost impossible to pin down an individual player. Saunders & Sidel (2012) asserts that tax evasion practices are linked to banks across the globe. As a result, agencies assigned the responsibility of investigating such practices have the opportunity to unearth such practices.
Moreover, one of the challenges that play out in investigating and prosecuting tax evasion cases is the huge amount of resources required. In the tax evasion case involving Swiss Life entities, the Department of Justice opted for a deferred prosecution agreement (Dabaie, 2021). The trial of such cases does involve not only significant ...