From www.blakeoliver.com: (US context) Douglas Edelman, a 73-year-old defence contractor, allegedly evaded $350 million in taxes by falsely claiming his French wife owned his companies, thus avoiding U.S. tax obligations.

He reported under $1 million in annual income from 2016 to 2020 while living a lavish lifestyle funded by a lucrative military contract.

This case highlights the ramifications of IRS budget cuts and the diminishing resources available to pursue tax cheats.

Filed under: Tax - General