This publication shows how 39 countries (all OECD members as well as Argentina, China, India, Russia, and South Africa) deal with offshore tax evasion, comparing the case where a taxpayer has made a voluntary disclosure with the case where he has not: What penalties are imposed, what interest rate is charged, what tax is due, what is the risk of criminal prosecution and imprisonment? How does one country compare to other countries? How to design voluntary disclosure laws and programs? What do private client advisors see as some of the key design issues?
All these questions and more are addressed in the recently released OECD publication “Offshore Voluntary Disclosure: Comparative Analysis, Guidance and Policy Advice” [pdf].