In an unusual turn of events, Beanie Babies founder Ty Warner was shown mercy by a federal judge on Tuesday after being sentenced to two years of probation for failing to pay income taxes on millions of dollars he hid in an offshore Swiss bank account. U.S. District Judge Charles […]
Category: Offshore Accounts/International Tax Disputes
A Wellington accountant found guilty of providing false tax returns and misleading information to the Inland Revenue will no longer enjoy the benefits of name suppression. Imran Mohammad Kamal was granted name suppression until January 10 as part of a ruling made by the Wellington High Court on December 19. […]
Mireitha Minangi, Ilala’s Regional Police Commander vowed to investigate claims that Burgurini police officers have denied Tanzania Revenue Authority access to a container belonging to Gongo la Mboto Baptist Church that is believed to have evaded tax. Minangi made it clear in an interview with the ‘Daily News’ that her […]
Ty Warner, the billionaire responsible for the creation of the popular Beanie Babies toy is hoping that a federal judge will show mercy and sentence him to probation rather than prison for tax evasion. The 69-year-old acknowledged that he failed to report millions of dollars of interest income from an […]
The U.S. Treasury has signed a number of intergovernmental agreements (IGAs) to combat offshore tax evasion and to comply with the Foreign Account Tax Compliance Act (FATCA). The U.S. has completed agreements with the Cayman Islands, Costa Rica, Denmark, France, Germany, Ireland, Japan, Mexico, Norway, Spain, Switzerland, and the United […]
A member of the Spanish royal family, Princess Cristina, could be facing trial after being charged by a Spanish judge for tax fraud and money laundering. After a lengthy investigation, Palma de Mallorca Examining Magistrate Jose Castro brought forth a 200-page ruling citing evidence that the younger daughter of King […]
Swiss banks are moving as quickly as possible to inspect account data with masses of lawyers and auditors at their sides in an attempt to meet a 31 December deadline set by the US Justice Department on an amnesty for institutions who admit to breaking America’s tax laws. Under this […]
Earlier this month, Deputy Consul General Devyani Khobragade was arrested, detained, strip-searched, and had her passport confiscated because of charges that she had lied on a visa application and was paying a house worker below minimum wage. What was a cordial and improving relationship between the United States and India […]
France has always been very fond of its culture. So fond, in fact, that it is contemplating taxing Facebook and YouTube for propelling services that affect the cultural fabric of L’hexagone. Under the country’s “cultural exception,” French cinema and music industries are protected against outside-especially American-companies that could harm the […]
Brazil was a model for financial discipline during the global financial crises. While much of the world economy was slowing down or contracting, Brazil will was chugging along quite serenely. Unfortunately, as with all things-good or bad-, it came to an end. Now Brazil is preparing to face some tax […]