Search Results for: tax evasion
Monaco Signs OECD Multilateral Tax Convention
October 15th, 2014
Monaco has become the 84th jurisdiction to commit to strengthen international tax cooperation through its participation in the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Welcoming the signing by José Badia, Monaco’s Minister for Foreign Affairs and ...
Ex-UBS Banker Tax Trial Rides on Underling’s Credibility
October 14th, 2014
Raoul Weil, once the head of UBS AG ’s global wealth management business, faces a criminal trial that may turn on the credibility of a former subordinate who says he and Weil helped Americans evade taxes. Jury selection is ...
Revenue & Customs set to miss target for prosecution of tax evaders
October 13th, 2014
Tax authority set a target of 1,165 people a year by 2014/15, but analysis of the last tax year shows it prosecuted just 795. HM Revenue and Customs has fallen behind in its pursuit of criminal prosecutions for tax ...
Politicians must decide on tax changes said ACCA
October 6th, 2014
Politicians of every party face a stark choice between raising taxes or cutting spending, ACCA (the Association of Chartered Certified Accountants) has claimed as the Liberal Democrats autumn conference continues. Chas Roy-Chowdhury, head of taxation at ACCA, said ahead ...
Tax Boss Who Took On Pacquiao Chills Asian Bond Market
September 5th, 2014
Philippine inland revenue boss Kim Henares is taking her four-year fight against tax evasion to the capital markets, slowing record corporate bond sales. Henares issued a ruling in January requiring companies to list the names of all investors receiving ...
Joe Hockey announces new move against multinational tax evaders
September 4th, 2014
Multinational companies who seek to avoid Australian tax but also charge disproportionately higher prices here are in the sights of a new crackdown. Joe Hockey has told parliament the Commissioner of Taxation has been asked to “double his efforts” ...
HMRC Consults On Strict Liability Tax Penalties
August 26th, 2014
HM Revenue and Customs (HMRC) is consulting on the design of a proposed new strict liability criminal offence for those who fail to declare taxable offshore income and gains. Under the plans, magistrates could be given the power to ...
Julius Baer expects to settle U.S. tax case in months
July 21st, 2014
Julius Baer (BAER.VX) expects to strike a deal with U.S. authorities in a matter of months to settle a criminal investigation into the Swiss bank’s role in helping wealthy Americans evade their taxes, its chief executive said on Monday. ...
Juncker faces dilemma over EU tax probe into Grand Duchy
July 9th, 2014
Foot-dragging by Luxembourg over an EU probe into questionable tax deals for multinational corporations has created a potential conflict of interest for the Grand Duchy’s former premier who is set to head the EU’s executive branch. Jean-Claude Juncker, whose ...
US Foreign Account Tax Compliance Act Takes Force
July 3rd, 2014
In what the United States Administration has called an “effort to crack down on tax evasion and reduce the tax gap,” the Foreign Account Tax Compliance Act came into effect on July 1. Enacted in March 2010, FATCA adds ...
