Tax Evasion

Tax-News.com: UK Parliament To Decide On New Tax Evasion Offense

A new corporate offense for failing to prevent Tax Evasion is expected to get its first reading in parliament this week, says Pinsent Masons, the international law firm.

Tax-News.com: Nigeria Introduces 45-Day Tax Amnesty

Nigeria's Federal Inland Revenue Service (FIRS) has announced that a Tax Amnesty is now in operation for undeclared tax liabilities for the three years from 2013 to 2015. To avoid the payment of tax penalties and interest for those years, taxpayers must declare their tax dues by November 24, 2016.
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Using Illicit Financial Flows to increase accountability

In 1994, Illicit Financial Flows (IFFs) were a major threat to South Africa’s development agenda. Today, Africa’s huge external debt problem can be partially blamed on lost revenue due to illicit flows. A United Nations Economic Commission for Africa(UNECA) report noted that Africa's external debt stood at $279 billion in 2008 and that debt constituted a third of the amount lost to IFFs at that time. Yet how do we define Illicit Financial Flows and what can be done to tackle this growing issue?
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Former Sal. Oppenheim senior bankers found guilty of fraud

A former Sal. Oppenheim senior banker was jailed for nearly three years on Thursday, with three of his ex-colleagues handed suspended sentences, for fraud before the demise of the wealth manager that specialised in serving Germany's wealthy elite

Budu ministrem, tvrdí Krejčíř svému obhájci. Ten ho chce dát vyšetřit

James Grant, the defense attorney of Radovan Krejčíř, asked the court for permission of psychiatric examination to his client. According to him, escaped Czech businessman is suffering from delusions. He doesn´t understand payments for lawyer services and he thinks that foreign countries offer him minister posts. Krejčíř was in Johannesburg sentenced to a 35 years imprisonment for an attempted murder, kidnapping and drug trafficking.

HSBC to pay 40 million Swiss francs in Geneva money laundering probe

HSBC said on Thursday it had agreed to pay the authorities in Geneva 40 million Swiss francs (28 million pounds) to settle an investigation into allegations of Money Laundering at its Swiss private bank.

Tax-News.com: France Requests Bank Data From Switzerland In Tax Probe

The French tax authorities have reportedly sent an administrative assistance request to Switzerland which could see Swiss bank UBS turn over information on tens of thousands of French clients.
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Tax-News.com: European Parliament Begins Panama Papers Inquiry

The European Parliament's Committee of Inquiry into Money Laundering, Tax Avoidance, and Tax Evasion (PANA) held its first full meeting on September 27. It consists of 70 members, including a chair and four vice chairs. It will investigate alleged contraventions and maladministration in the application of European law with respect to Money Laundering, Tax Avoidance, and Tax Evasion by the European commission or member states.

McDonald's French headquarters searched in tax investigation

McDonald’s French headquarters were searched on 18 May as part of an ongoing tax probe, according to police sources.
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Anti-Corruption Summit 2016: Nations agree to increase transparency and crackdown on money-laundering

David Cameron called on critics to stop “picking on” the UK’s overseas territories after it was claimed his “failure” to crack down on the UK-linked Tax Havens had overshadowed his international anti-Corruption conference. The London summit closed with a number of agreements from countries to increase transparency and crackdown on money-laundering networks.
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