Search Results for: tax evasion
Swiss banks threaten freeze on US accounts over tax evasion
July 8th, 2014
Several Swiss banks have threatened to freeze American clients’ accounts unless they prove they are, or take steps to become, tax compliant, as the country’s lenders hurry to resolve a tax evasion dispute with the US. The moves – ...
China Mulling Implementing FATCA-Like Law To Reduce Tax Evasion On Mainland; Hong Kong Agreed To Share Tax Information Of US Expats Earlier This Week
March 31st, 2014
China is to looking to formulate a law similar to one in the U.S., which now requires financial institutions worldwide to disclose information on American taxpayers to the U.S. government, South China Morning Post, or SCMP, reported Friday. China ...
UK plans criminal penalties for tax advisers who assist evasion
March 19th, 2015
Lawyers and other tax advisers who aid clients evade tax will the subject of penalties under a new criminal offence which is to be announced by the UK government today. The plan was disclosed by the Chancellor of the ...
UBS Faces a New Tax-Evasion Probe
February 5th, 2015
Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash Federal prosecutors have launched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments largely banned in the U.S., according to people familiar with ...
Belize Firm Charged in $500 Million Tax-Evasion Scheme
September 10th, 2014
IPC Management Services LLC, a Belize-based investment firm, and its founder were accused of a $500 million scheme to launder money and hide investments as part of a U.S. crackdown on tax evasion. Robert Bandfield, a U.S. citizen, was ...
Poland blocks EU directive to implement global corporate tax deal
April 14th, 2022
Poland vetoed on Tuesday (5 April) a compromise proposal for an EU directive that would implement the internationally agreed 15% minimum effective taxation rate for large multinationals. With its veto, the Polish government frustrated the French EU Presidency’s goal ...
EU set to remove Seychelles from tax haven blacklist
September 29th, 2021
European Union finance ministers are set to remove the Seychelles, Dominica and Anguilla from the bloc’s blacklist of tax havens next week, documents seen by Reuters indicate, while Panama has failed in its request to be delisted. The list ...
Parliament keeps up pressure to tax digital economy more fairly
December 20th, 2019
MEPs press EU to engage fully in international efforts to tax the digital economy, while still being prepared to act at EU level if global plans fail. As international talks at OECD level on taxation systems for the digital ...
Google fined nearly €1 billion in ‘historic’ tax fraud ruling
September 23rd, 2019
Google has been ordered to pay nearly €1 billion to the French government over allegations of tax fraud. The ruling comes as European authorities are exploring new ways to clamp down on digital tax evasion. The French government and ...
Swiss bank UBS to appeal after fined 4.5 billion euros in French tax fraud case
February 21st, 2019
A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. Shares in the Swiss bank fell as much ...
