Roderic Sage agrees to plead guilty in US tax evasion scheme
Updated
Updated · Bloomberg · Apr 30
Roderic Sage agrees to plead guilty in US tax evasion scheme
2 articles · Updated · Bloomberg · Apr 30
US prosecutors said the UK citizen has been ordered extradited and is due in Manhattan federal court late next week.
Under a deal with the Justice Department, Sage could face up to two years in prison for helping Americans use offshore accounts.
Prosecutors said the arrangement was known as the “Singapore Solution”, a scheme designed to help US clients evade taxes through Singapore-based offshore structures.
Is Singapore a tax evasion 'solution,' or a scapegoat for the illegal actions of foreign citizens?
Is the global focus on offshore banking distracting from a greater threat of untraceable cryptocurrency tax evasion?
As tax evasion schemes grow more complex, are national enforcement efforts becoming fundamentally obsolete?