Tax Fraud: Annotated Bibliography
The article that I was read is called, The wild schemes people will use to commit tax fraud, written by Matt Pearce. The article talks about schemes that people use to get out of paying their taxes and crimes commit with tax fraud. The main purpose of this article is to show that tax fraud is a massive problem in the United States and there are consequence to face for committing the crimes.The article starts off by introducing Michael D. Brandner, an Alaskan plastic surgeon with a wife, who filed a divorce. Brandner does not want his wife getting her share of both their money, so he goes to hide it. In 2007, he drove to Central America to cache 4.7 million dollars in a Panama shell corporation. He also went to Costa Rica to store 350,000 dollars in bank accounts.
In a Costa Rican safe deposit box, he stored gold that was valued 800,000 dollars. This left his ex-wife applying for financial support and acquiring food stamps. Brandner was eventually caught for wire fraud and tax evasion and sentence four years in prison. Recent leaks from Panama Papers show that the wealthy concealed their money from public and tax collectors. The Justice Department is faced …show more content…
In this article, an amendment in the Bill of Rights is violated, which is the 16th Amendment. The 16th Amendment states that the Government/U.S can collect an income tax from all Americans and people who do commit tax fraud violate this statute. In consent, a divorced couple must distribute wealth gained in marriage fairly because of community property. Brandner did not distribute his wealth equal with his wife and did not want his wife to take his wealth. The article also relates to tax evasion, which is the non-payment of taxes. There was unpaid tax liability committed by Stockler, Stockler tried to evade paying his taxes,and his intent for not paying his taxes was he had problems filling the form out and
In a Costa Rican safe deposit box, he stored gold that was valued 800,000 dollars. This left his ex-wife applying for financial support and acquiring food stamps. Brandner was eventually caught for wire fraud and tax evasion and sentence four years in prison. Recent leaks from Panama Papers show that the wealthy concealed their money from public and tax collectors. The Justice Department is faced …show more content…
In this article, an amendment in the Bill of Rights is violated, which is the 16th Amendment. The 16th Amendment states that the Government/U.S can collect an income tax from all Americans and people who do commit tax fraud violate this statute. In consent, a divorced couple must distribute wealth gained in marriage fairly because of community property. Brandner did not distribute his wealth equal with his wife and did not want his wife to take his wealth. The article also relates to tax evasion, which is the non-payment of taxes. There was unpaid tax liability committed by Stockler, Stockler tried to evade paying his taxes,and his intent for not paying his taxes was he had problems filling the form out and