Wednesday, April 14, 2021

tax evasion

Richest Americans hide more than 20% of their wealth from IRS

The richest Americans are hiding more than 20 percent of their earnings from the Internal Revenue Service, according to a comprehensive new estimate of tax evasion, with the top 1 percent of earners accounting for more than a third of...

French prosecutors seek $3.6 billion fine for UBS in tax case

French prosecutors and lawyers for the government said UBS Group AG should be ordered to pay 3 billion euros ($3.6 billion) -- 33% less than the original judgment -- for allegedly helping French clients hide money from the nation’s...

Swiss private bank Rahn+Bodmer to pay $22 million to settle tax evasion charge

Zurich private bank Rahn+Bodmer will pay $22 million to settle U.S. criminal charges it helped American taxpayers who were exiting accounts at UBS and other Swiss banks and hiding hundreds of millions of dollars in offshore accounts. The agreement is...

OpenLux: How tiny European country ‘Duchy’ attracted billionaires

Luxembourg is inconsequential to many, but an investigation dubbed "OpenLux" shows how this small and secretive European country has attracted more wealth than the GDP of Japan. Through favorable tax structures and opaque ownership registers, Luxembourg has attracted €4.5 trillion...

Former Tunisian presidential candidate arrested on money laundering, tax evasion charges

Former Tunisian presidential candidate and media mogul Nabil Karoui has been arrested on charges of money laundering and tax evasion, a Tunis court spokesman said on Thursday. Karoui spent most of last year’s presidential campaign in jail for the same...

Spain’s former King Juan Carlos pays $820,000 tax bill amid financial scandal

King Juan Carlos, Spain’s former monarch, has paid about $820,000 in back taxes, his lawyer said on Wednesday, amid an investigation by prosecutors into whether he and other members of the royal family used bank accounts in other people’s...

U.S Attorney General William Barr allegedly froze tax evasion probe of ex-client Caterpillar – Reuters

Before William Barr became President Donald Trump’s choice to lead the U.S. Department of Justice, he represented Caterpillar Inc, a Fortune 100 company, in a federal criminal investigation by the department. Much was at stake for Caterpillar: Since 2018, the...

Co-owner of New York apparel firm pleads guilty to tax evasion

A Woodsburgh, New York, businessman pleaded guilty on Friday to tax evasion, announced Principal Deputy Assistant Attorney General Richard Zuckerman of the Justice Department’s Tax Division. According to court documents and statements made in court, Irwin Jacobs, 68, was a...

Georgia businessman pleads guilty to paying $15,000 bribe to IRS Agent to reduce taxes

A Georgia business owner has pleaded guilty to attempting to pay over $15,000 in bribe money to an IRS Revenue Agent to reduce his federal taxes. “Rather than pay his taxes like every other law-abiding American, Dauda Saibu attempted to...

Geneva freezes Robert Brockman’s billions over US tax fraud case

The Geneva public prosecutor has blocked over a billion dollars of a US businessman's money in Geneva banks as part of the biggest tax evasion case in US history. The 79-year-old billionaire, Robert Brockman has been accused of tax...

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China fines LeEco founder Jia Yueting $37m for IPO fraud

Jia Yueting, founder of formerly highflying technology conglomerate LeEco Holdings, has been fined $36.81 million by Chinese regulators over...
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