TaxWorldWeb – International Tax News

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Tax avoidance schemes, like tax shelters, present a continual problem for IRS. In the 1990s, large corporate tax shelters gained popularity, but more recently, there has been an emphasis on international tax avoidance, like hiding funds in offshore accounts. The IRS’ data on tax shelters is limited, and since the schemes are constantly changing to avoid detection, it presents a constant enforcement issue for the agency.