The International Monetary Fund (IMF) has askedMauritius to set up a ‘macro-prudential authority’ to monitor the offshore investments from the island. One of the largest destinations of such offshore investments is the Indian stock market. The proposed authority will have a central role for the banking regulator, the Bank of… – Continue reading
After designers Domenico Dolce and Stefano Gabbana spent almost eight years battling in Italian courts to protect their brand and their honesty — Italian fashion house Dolce & Gabbana was officially cleared of all tax evasion charges this week. “Finally,” Dolce’s lawyer, Massimo Dinoia, told WWD about the end of… – Continue reading
French authorities are investigating the taxes of designer Karl Lagerfeld, who a French magazine claims used offshore tax havens to avoid paying millions of euros to the French government. The case is the latest involving allegations of high-end tax evasion in France, where the finance ministry has cracked down on… – Continue reading
International art dealer Guy Wildenstein is going on trial in Paris on charges of defrauding the French state of half a billion euros (about $550 million) in taxes, after two relatives tipped off authorities about the family’s financial dealings. Wildenstein, 70, Franco-American heir of a New York art-dealing empire, is… – Continue reading
It’s been a long time coming. Members of the Wildenstein art dynasty will go to trial on charges of tax evasion and money laundering next month in Paris, according to the New York Times. Guy Wildenstein took over the family business when his father, Daniel, died in 2001. The family… – Continue reading
The tax man is coming for Guy Wildenstein, and may file charges against a wealth management company in the Bahamas in connection to the case against the billionaire art dealer. As reported by the Globe and Mail, the French agency that investigates tax evasion has recommended that a judge charge… – Continue reading
Royal Bank of Canada’s wealth-management subsidiary in the Bahamas is caught up in tax fraud and money-laundering allegations involving billionaire international art dealer Guy Wildenstein. French prosecutor Franck Charon confirmed on Monday that France’s tax-evasion watchdog – Parquet national financer – has recommended to an investigating judge that RBC Trust… – Continue reading
The Court of Appeal in Versailles has ordered the elusive international art dealer Guy Wildenstein, to pay a €20 million as a security deposit against tax avoidance allegations which have been levied against him. The funds must reach the court before by 15 October, according to the Le Monde newspaper…. – Continue reading
