Page 13 - Sotomayor CPAs Presentationt

THE EFFECTS OF GLOBALIZATION

As globalization continues to grow, international
non-compliance is a significant area of concern and
focus by the IRS and taxing authorities around the
world. The ease of utilizing complex international
structures and cross border transactions results in
constantly evolving compliance issues.

Each year the U.S.A. loses an estimated $100 billion
in tax revenues due to offshore tax abuses.