Mispriced trade was a key driver of the $5.7 billion moved to the U.S. from the combined economies of Northern Triangle – El Salvador, Guatemala and Honduras – countries, according to research from Florida International University’s College of Business (FIU Business). Individuals or companies can move money out of a country, undetected, by undervaluing exports to a […]
Tag: tax evasion
U.S. loses $3.1 trillion of taxable profits through international trade, FIU Business professor Zdanowicz research reveals.
Tax evasion strategies in international trade have cost the U.S. government more than $3.1 trillion in taxable income, reveals updated research from Florida International University College of Business professor John Zdanowicz. A fraud expert, Zdanowicz conducted an in-depth computer analysis of U.S. customs data from 2003 to 2017. In the most current study, figures from […]
College of Business Finance professor Zdanowicz study finds U.S. loses $2.3 trillion in tax revenue due to strategic mispricing of international trade goods.
Trillions of dollars may be missing from U.S. government coffers due to widespread corporate tax evasion and criminal money laundering strategies, according to Florida International University College of Business professor John Zdanowicz. The Department of Finance professor conducted an analysis of 12 years’ worth of U.S. Customs data and found that abnormally priced goods imported […]
Presentation zeroes in on trade data and money laundering.
John Zdanowicz, Florida International Bankers Association (FIBA) Chair and professor, Department of Finance and Real Estate, College of Business Administration at Florida International University (FIU), spoke at the High Intensity Financial Crime Area (HIFCA) Financial Symposium on June 24, 2009. He presented on “Statistical Use of Trade Data to Identify Money Laundering.” Held at the […]
Transfer pricing holds clues to international money laundering, terrorist financing, and more.
Combine an economist, a detective, and a pioneer and you end up with John Zdanowicz, professor and Florida International Bankers Association Chair, Department of Finance and Real Estate in the College of Business Administration. For years, he has followed an investigative path that began with a study of international trade patterns, moved to international trade […]
College finance professor helps banks track terrorist financing.
The words of Carl Bernstein and Bob Woodward’s secret source Deep Throat to “follow the money” in their Watergate investigation resonate today with multiple law enforcement agencies as they try to uncover money-laundering schemes and terrorist financing. John Zdanowicz For sixteen years, John Zdanowicz, professor, Department of Finance, in the college, has worked with data […]