A former manager of a credit union was sentenced on Tuesday for bank fraud and tax evasion, announced U.S. Attorney Danny C. Williams, Sr. for the Northern District of Oklahoma and R. Damon Rowe, IRS-Criminal Investigation, Special Agent in Charge, Dallas Field Office. Eva Barroso, 54, Broken Arrow, was sentenced… – Continue reading
An international bank executive formerly of Naperville has pleaded guilty to federal tax evasion charges and faces up to three years in prison at sentencing later this year. Aamir H. Khan, 43, was the managing director of a Middle Eastern bank based in Bahrain when he filed false income tax… – Continue reading
India: Delhi Government’s Revenue Department has fined Holcim India US$11m for evasion of stamp duty. It also directed the company to pay stamp duty of US$36m and a penalty of US$11m within 30 days for violation of stamp duty. Collector of Stamps (HQ) Lalit Mohan told local media that Holcim… – Continue reading
NEW YORK – According to industry insiders there is a battle waging over Software-Defined Networking (SDN) that is a way to build corporate networks without the networking gear built by companies such as Cisco (NASDAQ:CSCO) and Juniper Networks (NYSE:JNPR). The battle pits network equipment manufacturers against a string of companies… – Continue reading
New Delhi: In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds, which has been detected in foreign shores in the last financial year. These cases are now under investigation by the taxman even as… – Continue reading
PARSA, AUG 08 – Different business firms in the district have been slapped with a combined fine of Rs 53.9 million by the Inland Revenue Office (IRO) Birgunj for tax evasion. The IRO had found 47 firms of evading tax by making fake Value Added Tax (VAT) bill. However, the… – Continue reading
The son of a congressman, who could face time in prison following his federal indictment on theft and tax-fraud charges, was released on bail Tuesday afternoon. Chaka Fattah Jr., 31, is accused of everything from tax fraud to stealing from the Philadelphia School District as part of the wide-ranging indictment… – Continue reading
In a desperate bid to build pressure on firebrand cleric Tahirul Qadri, the government has issued final demand notices of Rs 1.71 billion in outstanding taxes to 16 office-bearers of the Tehreek Minhajul Quran (TMQ), including four persons of the Qadri family and two people who died several years ago,… – Continue reading
The findings of a two-year investigation into possible tax avoidance by a Zambian copper operation of Swiss commodities giant Glencore (LON:GLEN) will not be made public by The European Investment Bank. In 2005, the EIB – which is owned by EU member states and in 2013 provided some $75 billion… – Continue reading
Stellar Group is at the centre of a probe by HM Revenue and Customs into its financial affairs, but there is no suggestion Gareth Bale is under suspicion Agents behind some of the biggest transfers in British football are being investigated for alleged tax avoidance. Stellar Group – which helped… – Continue reading
Costa Rica News – Let the finger pointing begin. Remember in Costa Rica it is never anyone’s own responsibility when you are caught doing something wrong in the Costa Rican government. The population just takes their examples from the higher ups. The Ministry of Finance is now investigating Costa Rica’s… – Continue reading
Ex-Catalan premier Jordi Pujol is to be stripped of his honorary privileges after admitting to 34-years’ worth of tax evasion. He ruled the region for 23 years and as such earns an annual pension of over 86,000 euro; has an official car; and is honorary president of the CDC pro-independence… – Continue reading
Your editorial, ‘Adding bite to the tax growl’ (Sunday Gleaner, July 27, 2014), reminded me of my question in the Senate some years ago: “How many persons have been locked up for tax evasion in Jamaica?” The answer came back: None. Fast-forward to February 15, 2012, to the submission of… – Continue reading
A former Croatian deputy tourism minister Vinka Cetinski and her husband Mirko Cetinski, a one-time famous singer, were arrested on Tuesday night on suspicion of tax evasion and are to be transferred to custody in Rijeka on Wednesday, the national broadcaster (HTV) reported on Tuesday night. The Cetinski couple is… – Continue reading
Taiwan’s Ministry of Finance is focusing on real estate as a key area of taxation, writes our sister paper Commercial Times. From August, the ministry will strive to eliminate cases where properties are sold separately to individuals from a parcel of land that belongs to a single person, understood to… – Continue reading
(Reuters) – A Spanish court will push ahead with the process of prosecuting Argentina and Barcelona forward Lionel Messi for alleged tax evasion despite a recommendation from the public prosecutor the charges be dismissed. The prosecutor argued in June that Messi’s father Jorge was responsible for the family’s finances and… – Continue reading
ECONET Wireless has dismissed allegations that the company has evaded paying duty taxes since 1998 saying the accusations by a whistleblower were false and defamatory. Econet is facing allegations of tax evasion by paying less duty on base stations than they were supposed to since 1998. In a statement yesterday,… – Continue reading
Richard Gibbs from No5 Chambers is defending one of three defendants charged as part of a £1.6m conspiracy to evade tax on the importation of tobacco. HMRC seized the tobacco in the form of cigarettes and hand-rolled tobacco from addresses in Wolverhampton during 2012 and 2013. Shahab Ali, represented by… – Continue reading
The Bureau of Internal Revenue (BIR) has filed a tax evasion case against Tri Dharma Marketing, the exclusive local distributor of Indonesia-based coffee brand Kopiko. Filed this Thursday with the Department of Justice, the BIR said that the company has under declared its income and exagereated its expenses for 2010…. – Continue reading
France charged UBS with tax fraud on Wednesday for allegedly helping French clients hide money in Switzerland, judicial sources said. The Swiss bank is also suspected of using dual accounts to hide the flow of capital into Switzerland. The judicial source said the charges relate to money kept in accounts… – Continue reading
A COMPANY whose chief executive is a significant donor to the Better Together campaign has been accused of avoiding paying billions of pounds in tax. Oil trader Ian Taylor, who heads up the controversial firm Vitol, gave half a million pounds to the pro-Union group, which faced calls to hand… – Continue reading
THE Nigerian Television Authority, Channel 9, Calabar, has been sealed off for alleged tax evasion. The Cross River Internal Revenue Service (IRS) yesterday sealed off the premises over alleged evasion of Pay As You Earn (PAYE) tax payment from 2006 to 2012. Following the seal off with red… – Continue reading
World banking giants Barclays and Deutsche Bank have been accused by the US of helping more than a dozen hedge funds in tax evasion. Addressing a news conference, US Senate Permanent Subcommittee on Investigations chairman Carl Levin said the banks sold complex option products to Renaissance Technology that saved them… – Continue reading
Pakistan Awami Tehreek Dr Tahirul Qadri and office-bearers of his Tehreek Minhajul Quran are staring at legal trouble as the Federal Board of Revenue (FBR) has finalised all the paperwork to implicate the reformist cleric and his aides in a Rs770 million tax evasion case against them, a local media… – Continue reading
MANILA (Mabuhay) – Twelve businessmen in Metro Manila are facing tax evasion charges filed by the Bureau of Internal Revenue (BIR) before the Department of Justice. One businessman, Carlos Adraque Ching of Etheria Trading, was sued by the BIR, for an aggregate tax liability covering taxable years 2009 and 2010… – Continue reading
Canada Revenue Agency says Metlege collected $110,077 in HST from tenants, but didn’t report it One of the most prominent commercial developers in Halifax has been fined $82,544 for income tax evasion. Anthony Joseph Metlege, also known as Tony Metlege Jr., was issued the fine Thursday in Halifax Provincial Court… – Continue reading
TAOS – An alleged cocaine distribution ring leader in the Southwest and his family have been indicted on several tax evasion, tax fraud, conspiracy and money laundering charges. A Taos County Grand Jury on Thursday returned indictments against alleged drug kingpin Ismael Adame, 56; his wife, Angela Adame, 56; and… – Continue reading
MANILA, Philippines–The Bureau of Internal Revenue (BIR) on Thursday filed a complaint with the Department of Justice against the distributor of a popular coffee product and its retailer for failing to pay taxes amounting to almost P10 billion. The BIR claimed that the Pasig City-based TriDharma Marketing Corp., the distributor… – Continue reading
Federal authorities said Friday they have obtained a grand jury indictment accusing three men of conspiring to avoid more than $1 million in federal taxes. The U.S. Attorney’s Office for the Middle District of Pennsylvania announced the charges against Vanny Son, 33, Son Thach, 55, and Hung Danh, 54, all… – Continue reading
Tax authorities in South Korea and the United States will conduct a joint investigation into the allegation that the fugitive Yoo Byung-eun’s family engaged in offshore tax evasion.After the April 16 Sewol ferry disaster, the National Tax Service asked its U.S. counterpart to share intelligence on Yoo, the de facto… – Continue reading
THE BUREAU of Internal Revenue (BIR) yesterday sued the country’s exclusive distributor of Kopiko products, and several other businesses, for allegedly evading billions of pesos worth of taxes. The BIR, in a press release, said Tridharma Marketing Corp. (TMC) was sued for tax liability amounting to P4.47 billion in 2010,… – Continue reading
FTSE 100 companies have had to increase the amount of money they set aside to cover the cost of tax disputes and litigation by an additional £139m taking provisions for tax disputes to £2.39bn in the last year – up from £2.25bn in the previous year, reveals Thomson Reuters legal… – Continue reading
Notwithstanding (read: Because of) certain free-airfare offers on the part of the Department of Justice! A former Swiss banker and top UBS AG executive slated to go on trial for allegedly aiding U.S. tax evasion has asked that witnesses too spooked to step foot in America be able to testify… – Continue reading
HM Revenue & Customs has recovered £135m from 24,000 clients named on a list of HSBC’s Swiss private banking operation, which were revealed in a leak by a former employee. Lin Homer, chief executive of HMRC, told a hearing at the House of Commons Public Accounts Committee last night that… – Continue reading
As per the estimates, in last six months Rs.150 crore of value added tax was evaded by giving wrong declaration in imports only on JNPT port Trade circles have alleged a surge in tax evasion by importers of vegetable oils. According to an official from the Solvent Extractors’ Association (SEA),… – Continue reading
Net-A-Porter have apparently been a little naughty with their tax returns. Uh oh, have Net-A-Porter taking a naughty book-keeping tip or two from Dolce & Gabbana? After the famous designer duo got done for tax evasion, the online designer handbag retailer has been accused of the same thing. According to… – Continue reading
The owner of an office supply business in Tralee, Co Kerry, and a “generous” charity worker, was found to have almost €800,000 in Swiss and other foreign bank accounts uncovered on foot of a revenue investigation and a European tip-off. John Cashell, aged 59, of Stacks Mountain, Kilflynn, Co Kerry,… – Continue reading
Following last week’s announcement about HMRC’s plans to impose £1m fines on promoters of tax avoidance schemes and revelations about the Liberty tax strategy, the PCG has issued a warning to all independent professionals in the UK’s contracting community to steer clear of such tax planning schemes. A secret database… – Continue reading
28 suspects of evading taxes on fruit and vegetable products are under questioning by prosecutors of the DIICOT. These include two officials from the National Agency for Fiscal Administration (NAFA). Prosecutors of the DIICOT Bucharest, along with officers from the Bucharest Organised Crime Squad, conducted 46 searches on Wednesday in… – Continue reading
MOSCOW, July 14 (RAPSI) – An Uzbek court has handed down prison sentences to Rustam Madumarov and Gayane Avakyan, close acquaintances of the Uzbek president’s daughter, Gulnara Karimova, the Uzbek language service of Radio Free Europe/Radio Liberty announced on Monday. Radio Ozodlik cited sources as saying that Madumarov and Avakyan were… – Continue reading
GUWAHATI, July 14 – Evasion of tax and forest royalty has become a major cause of concern for Assam. Though the Bureau of Investigation of Economic Offences (BIEO) of the Assam Police managed to detect some such evasions, those were tips of the iceberg and it is up to the concerned departments to be more vigilant… – Continue reading
India’s government challenged the merger of Vedanta Resources Plc (VED)’s local units in court on the grounds the deal by the flagship company of billionaire Anil Agarwal was aimed at avoiding taxes. The merger is a “device” for tax evasion, according to the petition filed today by the Ministry of… – Continue reading
The bank accounts of retired Egyptian football player Mohamed Abu Trika were frozen due to failure to pay dues to the Egyptian Tax Authority (ETA), an official at the Ministry of Finance’s fight against tax evasion department confirmed to the Daily News Egypt. The official said that the “this is… – Continue reading
Millionaire investors in a £5billion alleged tax avoidance scheme run by financier Patrick McKenna’s investment firm Ingenious are preparing to settle with the taxman rather than face a court battle with the authorities. The Ingenious scheme, revealed by The Mail on Sunday four years ago, is one of the biggest… – Continue reading
A Winnipeg auto-financing company has been slapped with a large fine for years of tax evasion. Barbara Reimer Auto Financing Ltd. was fined $152,000 in provincial court this morning. Barbara Reimer, as director of the company, entered guilty pleas on its behalf to Income Tax Act violations for evading paying… – Continue reading
Birmingham’s Quaker heritage means scores of trust funds are set to be put under the spotlight in a US-inspired tax evasion swoop, the sector has been warned. Trusts are at the heart of a new compliance regime aimed at rooting out hidden assets and pressurising tax havens to come clean…. – Continue reading
The Bucharest police conduct on Tuesday morning (July 8) 26 searches in the Romanian capital and Ilfov county, to dismantle a group specializing in tax evasion and money laundering. The damage in this case is estimated at EUR 1.5 million, according to a statement of the General Directorate of Bucharest… – Continue reading
THE GOVERNMENT is still awaiting assurance from Thailand that a World Trade Organization (WTO) ruling on cigarette taxation issued in favor of the Philippines will not be invalidated by an ongoing tax evasion case there. Asked to comment on a status report submitted by Thailand to the WTO last June… – Continue reading
500 property raids launched in the last year – managing to hit a new record high Property searches by HM Revenue & Customs (HMRC) to target tax evasion jumped by 12% in the last year* to 500, up from 445 property raids in 2012/13, according to data obtained by Pinsent… – Continue reading
Myanmar is clamping down on illegal trading and tax evasions to better reflect its trade numbers. Over a one-and-a-half-year period, officers confiscated illegal goods worth about US$17 million. YANGON: Myanmar is clamping down on illegal trading and tax evasions to better reflect its trade numbers. Over a one-and-a-half-year period, officers… – Continue reading
