Foreign Bank Accounts, Offshore Bank Accounts, Irs And 5 Year Prison Term
The courts have generally held that direct taxes are restricted to taxes on people (variously called capitation, poll tax or head tax) and property. (Penn Mutual Indemnity Company. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) All the other taxes are known as “indirect taxes,” as these tax an event, rather than a person […]
Foreign Bank Accounts, Offshore Bank Accounts, Irs And 5 Year Prison Term Read More »
