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Thursday, August 06, 2026

Tax Experience - Offshore Wealth - Scranton: Nigerian man arrested for BEC and Romance fraud; used romance victims as mules

CEOs are raking in $17 million a year, 300 times what their own workers make, and John Husted’s answer is “learn to budget.” Sherrod Brown wrote the law that got over 100,000 Ohioans their stolen pensions back. Vote for who fights for you, not who lectures you. Blue Wav


ATO commissioner Rob Heferen on Wednesday said the tax office had set a target to streamline the tax experience for small businesses.q


Rules, Regulations and Red Tape: The Year Ahead for Small BusinessSpeaker: Anna Booth, Rob Heferen, Sarah Court, Matthew Addison (Facilitator)The behavioural reasons behind tax aversion Distrust, loss aversion and cash flow pressure all play a part in why SMEs delay paying tax. Learn the psychology behind tax aversion

ATO audit recommends SME debt collection targets

ATO chief Rob Heferen shuts down questions on failure to pursue alleged tax cheats

New ATO pre-fill data makes tax time easier for contractors

Another name in the mix is Australian Taxation Office second-in-command, Jeremy Hirschhorn. He was appointed to his role in April 2020 and was the ATO’s chief tax counsel and a senior partner in consultancy firm KMPG’s tax practice.
Contest for next ASIC chair narrows as Longo’s departure looms

N.Y. Times: Judge Denounces Trump’s I.R.S. Suit as Improper Exercise in Self-Dealing

For the New York Times, Andrew Duehren and Alan Feuer have a piece, “N.Y. Times: Judge Denounces Trump’s I.R.S. Suit as Improper Exercise in Self-Dealing.” From the piece: 

A federal judge ruled on Monday that President Trump’s lawsuit against the Internal Revenue Service was an improper exercise in self-dealing and barred him from claiming that the extraordinary tax protections he received were part of a legitimate settlement agreement.

In the 56-page order, the judge, Kathleen M. Williams, also referred the lawyer who brought Mr. Trump’s case against the I.R.S. to the Florida bar for potential disciplinary proceedings. She added that she would forward her decision to the New York bar for its continuing investigation of the acting attorney general, Todd Blanche, who faces a Senate confirmation hearing this week.

The full order can be viewed here.

Previous TaxProf Blog coverage:


Alstadsæter, Johannesen, Le Guern Herry & Zucman on Transparency and Offshore Wealth

Annette Alstadsæter, Niels Johannesen, Ségal Le Guern Herry & Gabriel Zucman, “Global Financial Transparency and Offshore Wealth Accumulation” (NBER Working Paper, July 2026):

This paper uses administrative data to analyze wealth flows from Norway to offshore tax havens before and after a major improvement of global financial transparency: automatic exchange of bank account information between tax authorities. We present three results suggesting that the policy is a significant deterrent of offshore tax evasion: First, taxpayers who become wealthy are much less likely to shift wealth to offshore banks. Second, when wealth does flow to offshore banks, it is much less likely to reduce domestic tax payments. Third, there is no increase in the use of complex ownership structures for offshore wealth flows.

 


Brooklyn: Two Chinese men charged with laundering money for crypto romance fraud and sending it to China; handled $43 million
 
Stop Scams Alliance and Gallup Polls release report on survey the US public about scams
  • 6% of the US public were scam victims last year;
  • losses of $68 billion
  • 21% say losses were a severe hardship
  • 79% reported it to their bank or another entity; only 13% went to the FTC or law enforcement
FBI Director Patel goes to Cambodia and meets with Prime Minister to discuss working together against online frauds

Dutch police take down investment fraud that had 700 employees; operation took in €100 million each month
 

Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraud, romance fraud; BEC fraud, sweepstakes/lottery fraud,  tech support fraud, romance fraud money mules, crooked movers, government imposters, online vehicle sale scams, rental fraud, gift cards,  free trial offer frauds,  job scams,  online shopping fraud,  fake check fraud and crypto scams
 
Fraud News Around the worldHumorFTC and CFPBBusiness Email compromise fraud Benefit TheftScam CompoundsBitcoin and Crypto FraudRansomware and data breachesIRS and tax fraudATM Skimming                                                       Jamaica and Lottery FraudRomance Fraud and Sextortion People
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