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One more week until Tax Night out. Have you filed yours yet? I haven't (probably should onboard that, actually), any time I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I will even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what's the point if half the damn country isn't going to fund up and leave scot-free?

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The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The government transfer pricing contended that it really evaded taxes by making several inter company transactions to foreign affiliates regarding two of the company's patents and trademarks on popular drugs it access. That is known as offshore tax fraud.

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People hate paying duty. Tax avoidance strategies are entirely legal and can be taken advantage of. Tax evasion, however, isn't. Make sure you know where the fine line is.

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