Thursday, February 25, 2021

tax evasion

San Jose police officer charged with laundering $18 million

A San Jose police officer used a private security company to evade taxes, steal wages, commit insurance fraud and launder more than $18 million, authorities said Friday. Officer Robert Foster, a 47-year-old Morgan Hill resident, used and traded on his...

Ex-Turner Construction exec admits to tax evasion on bribes

A former vice president at Turner Construction has admitted evading taxes on $1.5 million in bribes, in a sprawling construction-fraud case. The former Turner executive, Ronald Olson, was accused of taking bribes from subcontractors in return for work on projects...

Philadelphia cheesesteak restaurant founder, son indicted for $8m tax evasion scheme

The founder of an iconic Philadelphia cheesesteak restaurant and one of his sons have been indicted on federal tax evasion and fraud charges for allegedly hiding nearly $8 million in sales over the course of a decade. A spokesperson for...

Acacia Mining officials settle Tanzania tax evasion case for $650,000

Three employees of Acacia Mining, a former Barrick Gold unit, have been released from jail in Tanzania after paying 1.5 billion Tanzanian shillings ($649,632) in compensation for tax evasion, a prosecutor told Reuters on Wednesday. Deodatus Mwanyika, Alex Lugendo, and Assa...

Uganda court summons 3 UK law firms for enabling $1.1 billion tax avoidance scheme

The Commercial Court has summoned three United Kingdom-based law firms who were the masterminds of the deal in which Tullow Oil plc avoided paying taxes worth $1.1 billion (about Shs4.1 trillion) to the Ugandan national treasury following an agreement...

UBS appeal in $4.9 billion fine postponed because of coronavirus

UBS Group AG appeal of a record 4.5 billion-euro ($4.9 billion) French fine for helping clients stash undeclared funds in offshore accounts was postponed over concerns related to coronavirus pandemic, according to people familiar with the case. Judges at the...

France excludes companies registered in tax havens from COVID-19 funds

France follows the path of Denmark, by excluding from public aid the companies present in tax havens. The Minister of Economy and Finance, Bruno Le Maire, announced this Thursday:  "It goes without saying that if a company has its tax headquarters or...

Denmark and Poland blocks companies registered in offshore tax havens from coronavirus bailout

Denmark and Poland are refusing to let companies registered in offshore tax havens access financial aid from their coronavirus bailout packages. The Danish finance ministry on Saturday extended its bailout program into July but stressed that firms based in tax havens would no longer be covered. "Companies...

Florida businessman pleads guilty to tax evasion, overseas secret accounts

A Lake Worth, Florida, businessman pleads guilty to tax evasion and willful failure to file a Report of Foreign Bank or Financial Account. According to court documents and statements made in court, Dusko Bruer owned and operated a company that...

Kenyan shipping agents busted in $19 million tax evasion scheme

A tax evasion cartel involving vehicle-tracking service providers, clearing agents and transporters has been denying the Kenya Revenue Authority (KRA) billions of shillings through dumping of cargo meant for export. Documents seen by the Sunday Nation show that last year...

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Turkey jails pilots, airline official for their roles in the escape of ex-Nissan CEO Ghosn

A Turkish court convicted an official from a private airline and two pilots Wednesday for involvement in former Nissan...
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