Tax Evasion

Spanish prosecutors have filed new tax fraud charges against Colombian singer Shakira, over claims that she avoided paying €14.5 million in taxes between 2012 and 2014 by using shell companies in Malta, and elsewhere, to conceal income she received while residing in Spain. This comes after she recently paid the Spanish government $25 million following […]

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HMRC has confirmed it is expecting to receive £100m in additional taxes from Panama Papers investigations The Revenue said it has investigated 66 individuals so far in relation to tax evasion allegations raised from the leak of 13.4 million files exposing the use of offshore tax havens by some of the world’s biggest businesses, political […]

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Spanish prosecutors are charging pop star Shakira with tax evasion, alleging she failed to pay more than $16.3 million US between 2012 and 2014. The charges published Friday allege Shakira listed the Bahamas as her official residence for tax purposes during those years but was in fact living in Spain with her partner, Spanish soccer […]

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Shakira is being charged with tax evasion by prosecutors in Spain who alleged Friday that she owes more than $16 million. According to the Associated Press, officials in Barcelona say that between 2012–2014 the Colombian-born singer claimed to be living in the Bahamas, where taxes are much lower. However, they allege she was in fact […]

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Barack Obama has addressed the international scandal caused by the Panama Papers, around 11 million documents which have exposed massive tax avoidance by former and current heads of state. Speaking to reporters, the President revealed that the US Treasury and Internal Revenue Service have stepped up their efforts to limit “corporate inversions” – whereby large companies locate their headquarters abroad […]

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Twelve lakh new documents, named Panama: Aftermath, have emerged, linking individuals and organisations to secret tax havens, with Indians in at least 12,000 of them. These are a result of the discoveries of the International Consortium of Investigative Journalists(ICIJ) and German newspaper Süddeutsche Zeitung, in collaboration with The Indian Express. The newly-leaked files reveal a hoard […]

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The Deutsche Bank headquarters are seen in Frankfurt October 29, 2015. — Reuters pic FRANKFURT, Dec 7 — Deutsche Bank defended its record in fighting money laundering yesterday after the Financial Times reported it had processed €31 billion (RM146 billion) more in questionable funds for Danske Bank than previously thought. A Deutsche Bank spokesman declined […]

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French local investigative website Médiacités and WeReport, a European collective of journalists based in Lyon, dove into ICIJ’s Offshore Leaks database to expose what they describe as “the banality” of tax evasion costing France millions of euros each year. Since 2013, ICIJ has pored over data on hundreds of thousands of individuals and companies with […]

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