Private Sector

In response to analysis of data leaked as part of the Panama Papers, Australia's Serious Financial Crime Taskforce (SFCT) has carried out a "week of action" against those suspected of Tax Evasion.

Ireland's Department of Finance has responded to the European commission's conclusions of its investigation into a tax ruling handed by the Irish Government to technology giant Apple, stating that the full amount of tax was paid in this case and that no state aid was provided.

Media reports that the European Union is targeting New Zealand for investigation as a tax haven are incorrect and misleading, The EU said in a statement on August 3, 2016.

Three-quarters of Europeans want the European Union to do more to tackle tax evasion, according to a new survey by Eurobarometer. The survey was conducted among 27,969 people from all member states on April 9-18, 2016. It found that Tax Evasion was considered the third most serious issue confronting the EU after terrorism (cited by 82 percent of respondents) and unemployment (77 percent).

Luxembourg's state prosecutor has begun an appeal against the verdict at the recent "LuxLeaks" trial, arguing the sentences handed down by the court were too lenient.

Canada's Finance Department has released for comment draft legislative proposals that would implement 2016 Budget measures, including a new country-by-country reporting requirement.

The total amount of fines handed out to Greek taxpayers with suspected undisclosed foreign assets has reached EUR810m (USD905m) as a result of recent investigations, the Government's anti-Corruption unit has announced.

A fraudster splurged more than £1.2 million of his disabled father's money on a lavish lifestyle including a top-of-the-range BMW which he later crashed.

Northern Ireland Fleshes Out 12.5pc CIT Rate Plan » FinCEN Expands US Real Estate AML Orders <> <> <> <> <> <> FinCEN Expands US Real Estate AML Orders by Glen Shapiro, Tax-News.com, New York 29 July 2016 <> <> The Financial Crimes Enforcement Network issued further Geographic Targeting Orders that will temporarily require US title insurance companies to identify the natural persons behind shell companies that use "all cash" (without bank financing) to purchase high-end residential real estate in six major metropolitan areas.