Leo Messi, forward for Barcelona, has been exonerated in his tax fraud case by two tax office experts. The experts testified to the court that the Argentine did not take any part in the management of his image rights and, thus, was unknowingly not paying taxes that were to have […]
Author: Lawrence Brown
British Prime Minister David Cameron is preparing to set the stage with money laundering and tax evasion front and center. The Prime Minister plans to make public a new database of company ownership details designed to expose international money laundering and tax evasion schemes. By making the information public the […]
In the hit TV series “Mad Men,” set in the early 1960s, it is a very big deal when the advertising office — in state-of-the-art New York City — gets its first copy machine. The bulky machine operates as both a cultural curiosity and a not-so-subtle sign that things are […]
French lawmakers have stepped up their fight against tax evasion on Thursday by faulting several financial players, including banks that enable a flight of tax revenue estimated at $110 billion a year. Among the 34 proposals adopted in the Senate were sanctions against those who advertise services that protect money […]
Sophia Loren, Italy’s iconic actress has been fighting charges levied against her for over 30 years. In 1974 Italian officials claimed the actress attempted to evade taxes. Ms. Loren voluntarily surrendered and went to jail in 1982 for 17 days of a 30 day sentence. Ms. Loren claimed that her […]
When someone is convicted of a criminal tax offense, judges have many factors to weigh that can bear on sentencing. To be sure, federal sentencing guidelines provide a prescribed range. And both the prosecution and the defense can recommend a specific sentence. But it is up to the judge to […]
Switzerland, known for its banking secrecy, ended that tradition on Tuesday by signing an international agreement to fight tax evasion. This marks “the end of banking secrecy” in Switzerland, the head of tax issues at the Organization for Economic Cooperation and Development, Pascal Saint-Amans, told AFP. The signing of this […]
Russia’s Vladamir Putin has presented a bill that will restore the right of investigators to open tax fraud cases without a request from tax authorities. Skeptics fear that businesses will face renewed persecution. Should Putin’s attempt be successful, the amendments to the criminal code would reverse a 2011 reform by […]
The IRS’s heated pursuit of individuals with offshore accounts is becoming more aggressive by the day. With tactics like John Doe Summonses, the feds took aim at Swiss banking secrecy and delivered a fatal blow. This war is hardly new. In 2009, the feds brought UBS down with a deferred […]
A chartered accountant and former vice president of finance and administration for a London-area tool and mold company pleaded guilty to three counts of tax evasion in an Ontario Court of Justice in London and will face a fine to the tune of $80,000. Rob Roy McGregor of London, Ontario, […]