Former regional leader for the ruling Popular Party in Castellon, Carlos Fabra, of eastern Spain was found guilty on four counts of tax evasion and ordered to pay a fine of €693,000 on top of the amount he already owed. Luckily for Fabra, he was acquitted of accepting bribes and […]
Category: Offshore Accounts/International Tax Disputes
Two U.S. Federal Courts have approved the issuing of summonses to five U.S. banks regarding transfers made for two foreign banks. The first bank, Zuercher Kantonalbank (ZKB), is in Switzerland, where the Department of Justice has aggressively pursued banks that have assisted U.S. taxpayers in concealing assets from the U.S. […]
Raoul Weil, a former UBS banker who was charged by US authorities five years ago for helping rich Americans evade taxes with the aid of secret Swiss bank accounts, has agreed to stand trial in the US after being arrested in Italy. US authorities issued an international arrest warrant for […]
Prime Minister Datuk Seri Najib Razak made it clear that to avoid paying taxes is a treasonous act that deters a country’s development. Instead, he insists that to pay your taxes is a patriotic act which allows increased government and infrastructural growth. In an attempt to justify the implementation of […]
The United States continued construction on what appears to be a wide net designed to catch tax evaders on Thursday by cooperating with France in the fierce global tax battle. The agreement was signed in Paris by Finance Minister Pierre Moscovici and the United States ambassador, Charles H. Rivkin. China, […]
Pressure on U.S. tax evaders intensified on Friday as a US District Judge in New York issued an order authorizing the Internal Revenue Service to issue summonses requiring Mellon, Citibank, JP Morgan, HSBC Bank USA and Bank of America to produce information in connection with undisclosed accounts at The Bank […]
Just when foreign financial firms thought they had enough on their plates, the heat continues to rise. International pressure to catch tax evaders is expected to be ramped up by the end of 2013 as a new inter-governmental agreement that requires information on offshore U.S. accounts with balances of more […]
Swiss politicians and regulators are eager to help with on the U.S. tax evasion crackdown. Things will get interesting as the new point person for the Swiss heads to Washington D.C. for his first chat with law enforcement officials. The Swiss Department of Finance announced on Monday that Jacques de […]
Two businessmen are facing the wrath of Quebec’s revenue agency this week as the agency heaved nearly 1,000 tax evasion charges against the men and four companies. Revenue Quebec is also seeking more than $6 million in fines as well as prison sentences. The agency has filed almost 700 charges […]
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 […]