India Would the people in income tax or auditors find this out?

[amith234]

If i was to run a business and send my money (profits) to banks overseas and charge them as expenses I have incurred as advertising or marketing in my income statement to evade taxes. Would the auditors be able to inspect and crosscheck the books of accounts of another country? And if they can what if its a country that does not have good cordial relations with the country im from Ex: China and the US

 

[DrStrangeLove]

Are you seriously asking strangers on the internet--some of whom may work for law enforcement or financial crime investigation bureaus--for advice in evading taxes and laundering money?

Yes, they would be able to find out through cooperation between tax authorities, anti-money laundering and terrorist financing investigation bureaus, and general law enforcement. Countries work together to fight such crimes. It's in their mutual interest to help each other in this regard.

Am I the only one having a Stringer Bell moment here? Seriously, guy--asking strangers in an open forum?

 

[amith234]

Are you seriously asking strangers on the internet--some of whom may work for law enforcement or financial crime investigation bureaus--for advice in evading taxes and laundering money?

Yes, they would be able to find out through cooperation between tax authorities, anti-money laundering and terrorist financing investigation bureaus, and general law enforcement. Countries work together to fight such crimes. It's in their mutual interest to help each other in this regard.

Am I the only one having a Stringer Bell moment here? Seriously, guy--asking strangers in an open forum?

Lmao I’m a student and I’m not filing my taxes anytime soon I just asked it I was just curious cus I know nothing abt the tax agencies and how they work