Caroline D. Ciraolo co-chaired and moderated a panel entitled “Following the Money (including digital currency) – The Current State of International Criminal Tax Enforcement.” The panel provided updates and current statistics on international criminal tax enforcement from IRS-CI and the Justice Department and discussed recent international criminal tax investigations and prosecutions, including those involving the use of virtual currency.
International tax compliance and enforcement continue to be top priorities of tax authorities around the world. Either working within their own jurisdiction or across borders, governments are actively pursuing those individuals and entities intent on evading their tax obligations and, in doing so, depriving those governments of much needed revenue. For example, in the United States, cross border investigations are often the most complex and time consuming matters pursued by IRS Criminal Investigation. These investigations are supported by attaches, deputy attaches, and investigative aides based in 11 countries. From FY 2013 through FY 2019, IRS-CI recommended more than 1,000 international tax prosecutions. In addition, the U.S. Department of Justice Tax Division has negotiated more than 100 non-prosecution agreements, deferred prosecutions, and guilty pleas with foreign financial institutions. The panelists provided updates and current statistics on international criminal tax enforcement from IRS-CI and the Justice Department and discussed recent international criminal tax investigations and prosecutions, including those involving the use of virtual currency.
- Caroline D. Ciraolo, Kostelanetz & Fink, LLP, Washington, DC
- Thierry Marembert, Kiejman & Marembert, Paris
- Nanette Davis, Senior Litigation Counsel, Tax Division, U.S. Department of Justice, Washington, DC
- Don Fort, Chief, Criminal Investigation, IRS, Washington, DC
- Sarah E. Paul, Eversheds Sutherland, New York, NY
- Nicolai B. Sørensen, Lundgrens, Hellerup
- Sabine Stetter, Stetter Attorneys at Law, Munich
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