Search Results for: US authorities
French ex-minister in court over tax fraud, money laundering
February 9th, 2016
Jerome Cahuzac was the face of France’s fight against tax evaders — until he was forced to acknowledge that he himself was dodging taxes, hiding money in tax havens around the world. President Francois Hollande’s onetime budget minister is ...
How Six Brokers Walked Free After Unraveling of U.K. Libor Case
February 9th, 2016
Witnesses fail to convince, jury acquits local defendants Loss in complex case seen a major setback for regulators The first signs of trouble for prosecutors came about three weeks into the trial. Their witness was a government investigator called ...
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
EU proposals will force multinationals to disclose tax arrangements
February 8th, 2016
Large US firms such as Google and Amazon will be required to disclose tax bills in Europe under draft legislation from European commission US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax ...
Commonwealth report calls for clearer legislation for virtual currencies
February 5th, 2016
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...
EU Commission presents Action Plan to strengthen the fight against terrorist financing
February 3rd, 2016
The European Commission is presenting an Action Plan to strengthen the fight against the financing of terrorism. The recent terrorist attacks in the European Union and beyond demonstrate the need for a strong coordinated European response to combatting terrorism. ...
Online finance scam: 21 people involved arrested in China
February 1st, 2016
Chinese officials arrest 21 people over $7.6bn ‘scam’ Chinese authorities have arrested 21 people involved in an online finance scheme which is suspected of defrauding 900,000 investors of about 50bn yuan ($7.6bn; £5.3bn). The 21 people worked for Ezubao, ...
Barclays, Credit Suisse Charged With Dark Pool Violations
February 1st, 2016
The latest update regarding the charges is that Barclays and Credit Suisse Agree to Dark Pools Settlements Barclays Plc and Credit Suisse Group AG agreed to settle allegations by New York’s top cop and the U.S. Securities and Exchange ...
European Commission presents new measures against corporate tax avoidance
January 29th, 2016
European Commission has issued a press release to inform on a proposal for Fair Taxation. As stated, proposals aim for a coordinated EU wide response to corporate tax avoidance, following global standards developed by the OECD last autumn. New ...
Which country is the World’s Favorite New Tax Haven?
January 28th, 2016
The World’s Favorite New Tax Haven Is the United States Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. Last September, at a law firm overlooking San Francisco Bay, Andrew ...
