Problem: Topic: Tax Evasion and Enforcement Key Areas • Tax Evasion is an Element in Virtually all Financial Crimes • Tax Evasion vs. Tax Avoidance • International Scope of Tax Evasion • Falsifying Deductions to Underreport Income • Smuggling and Evasion of Customs Duty • Evasion of Value Added Tax (Vat) and Sales Taxes • Tax Fraud Through Offshore Entities • Special Purpose Vehicles/Entities Repatriating Undisclosed Assets • Demonstrating tax fraud in legal cases • Employment Tax Fraud • Red Flags of Tax Fraud • Investigative Techniques to Detect and Prove Tax Fraud After studying the topics above, What has changed in your knowledge of the world of financial crimes?