Tax Evasion

Illustration: Chelsea Beck/GMG Evil WeekWelcome to Evil Week, our annual chance to delve into all the slightly sketchy hacks we’d usually refrain from recommending. Want to weasel your way into free drinks, play elaborate mind games, or, er, launder some money? We’ve got all the info you need to successfully be unsavory.   You’re likely familiar […]

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I completely agree that gutter journalism which only attempts to smear the reputation, ruin the relationships and attack the psychological wellbeing of a person in the public eye purely as an act of partisan revenge, should not be encouraged. After all everyone potentially has skeletons in their closet and when the gloves are off, adversaries […]

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Tax evasion has been in the limelight since the Panama Papers Scandal made headlines in 2015, resulting in mounting pressure on governments and organisations to tackle financial crimes and offshore secrecy. The Organisation for Economic Co-operation and Development (OECD), which developed the Common Reporting Standard (CRS) for the automatic exchange of tax information in 2014, […]

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Red Sparrow’s Matthias Schoenaerts has joined the star-studded cast list on Steven Soderbergh’s Panama Papers feature, The Laundromat. Also joining the cast as filming kicked off this week was Jeffrey Wright (Westworld, Hold the Dark), Chris Parnell (Saturday Night Live, Rick and Morty), James Cromwell  (Babe, L.A. Confidential) and Melissa Rauch (The Bronze, Big Bang Theory). It was already confirmed earlier […]

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The scale of the financial damage caused by the so-called “cum-ex” tax scandal is much higher than previously thought, according to information provided to Reuters, ARD, Die Zeit and several other news organizations. For the last few years, German authorities have been investigating hundreds of the tax fraud cases, where banks and stockbrokers rapidly traded […]

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IRS, HMRC, FTS or CRA: whatever you like to call him, there’s no hiding from the taxman. No individual or institution is immune from the annual tax deadline, although many aim to reduce what they pay as much as possible through loopholes and profit redistribution schemes. When that tips over into illegal territory, though, it […]

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Most of us associate Indonesia with its sandy beaches, turquoise waters, steamy volcanoes, and dense jungle. If you dig a little deeper, you might conjure up images of lofty temples, sprawling cities, and floating markets. But home to 261 million people, some 11% of them live below the poverty line, with a further 40% teetering […]

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A year after a car bomb killed Maltese anti-corruption journalist Daphne Caruana Galizia, those who ordered the murder remain free while others continuing her work in the EU’s smallest state are branded traitors. The windswept field where the mother-of-three’s burnt-out car ended up on 16 October 2017, has become a monument to her life. Experts […]

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On October 8, 2018, President Muhammadu Buhari signed what is now known as the Voluntary Offshore Assets Regularisation Scheme (VOARS) into law. This is an Executive Order As the name implies, an order is termed ‘executive’ when the executive arm of government issues one without consulting the other arms of government in the legislature and […]

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An influential shrimp magnate in Madagascar moved millions of dollars among shell companies based in offshore tax havens, raising the possibility that one of the world’s poorest countries is missing out on important tax revenues. Aziz Ismail, 85, a French citizen born in Madagascar, bought into Madagascar’s shrimp business in 1973. His empire, known generally […]

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Panama has started sharing client data with tax authorities in dozens of countries in order to meet OECD global fiscal transparency standards and avoid being put on a blacklist. Around 660 reports from 337 financial entities make up the first automatic exchange of information made by Panama with 31 jurisdictions, under the Common Reporting Standard […]

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EQIBank, which is taking applications for accounts starting today, is courting customers from the worlds of conventional finance and blockchain, and seems to have a good grasp of both. “For the first time, customers can manage traditional and crypto assets within a single banking relationship, while accessing a comprehensive suite of services including trading, custody, […]

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