What are the mistakes that could involve civil and criminal penalties?
There are many International Investors, who have established offshore accounts and investments through unqualified individuals and organizations, whose accounts and investments have not been structured properly to enable avoidance and/or deferral of taxation. Investors with improperly structured accounts and investments must report various accounts and investments and pay taxes required by tax laws. Many investors are unknowingly (some perhaps knowingly) in violation of these laws. The risks and penalties resulting from improper structuring and reporting underscores the importance of establishing an International Structure with qualified professionals not just using promoters.
