Saturday, June 19, 2021

tax fraud

Italian police probe DHL’s subsidiary for tax fraud

Italian tax police have seized assets worth more than 20 million euros ($24 million) from the local unit of logistics giant Deutsche Post DHL (DPWGn.DE) as part of a fraud investigation, a judicial document seen by Reuters showed on Monday. Deutsche Post...

Former private bank M.M. Warburg banker jailed in German tax fraud scandal

A former executive at private bank M.M. Warburg on Tuesday became the first banker to be jailed over a multi-year scam to bilk the German state of billions of euros by filing bogus claims for tax rebates on stock...

Chile sentenced former senator Jaime Orpis to five years in prison for tax fraud

Former conservative Senator Jaime Orpis has been bestowed Friday with the dubious honour of becoming Chile's first-ever politician to be handed down a jail sentence for his involvement in acts of corruption. Orpis, of the ultra-conservative Independent Democratic Union (UDI)...

Hunter Biden says he is facing federal tax probe

The Justice Department is investigating the tax affairs of President-elect Joseph R. Biden Jr.’s son Hunter, he disclosed in a statement on Wednesday. The investigation is being led by the U.S. attorney’s office in Delaware. It was opened in late...

IRS uncovers $2.3 billion fraud in 2020 across 1600 investigations

The IRS uncovered $2.3 billion in tax fraud during the 2020 fiscal year, according to an annual report released by the agency on Monday. The Criminal Investigation Division of the IRS said in its report that its current priorities include Covid-19-related fraud,...

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...

Billionaire Robert Smith faces potential tax crimes over offshore transactions

When billionaire Robert Smith ended his 2019 Morehouse College commencement speech by vowing to pay off student debt for the entire graduating class, cheers of “MVP, MVP, MVP!” rose from students and faculty on the Atlanta campus. What the audience...

Harvard professor linked to Wuhan university faces tax charges

Prosecutors in the United States brought tax charges on Tuesday against a Harvard University professor accused of lying to authorities about his ties to a China-run recruitment programme and funding he allegedly received from the Chinese government for research. Charles...

IRS ignores wealthy people that failed to pay taxes

The Internal Revenue Service (IRS) is letting hundreds of thousands of high-income individuals duck their tax obligations, according to a government watchdog report. The Treasury Inspector General for Tax Administration found that 879,415 high-income individuals who didn’t file returns cumulatively failed to...

Dozens of U.S firms that received COVID-19 bailouts paid no taxes in 2019, used offshore tax havens

Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus. The money was...

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UK’s Scotland Yard to review sex trafficking allegation against Ghislaine Maxwell

Scotland Yard has confirmed it is to review a dossier of allegations that Ghislaine Maxwell trafficked, groomed and sexually...