Tax Evasion

reader comments 27 Tax officials in Denmark are reportedly paying an unknown source around £1 million (~$1.3M) for secret financial information on hundreds of Danish nationals. Their names appear in the Panama Papers, leaked earlier this year, which consist of 11.5 million files from the database of Mossack Fonseca—the world’s fourth biggest offshore law firm. […]

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Activists wearing suits throw fake money into the air while demanding greater trasparency in new legislation following the ongoing Panama Papers affair on April 13, 2016 in Berlin, Germany.   – Sean Gallup/Getty Images Denmark will be the first country to buy data from the Panama Papers — at least publicly. The country’s tax minister Karsten Lauritzen announced the […]

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by Mary Swire, Tax-News.com, Hong Kong 08 September 2016 In response to analysis of data leaked as part of the Panama Papers, Australia’s Serious Financial Crime Taskforce (SFCT) has carried out a “week of action” against those suspected of tax evasion. The SFCT made 15 unannounced access visits in Victoria and Queensland, and executed three […]

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Australian tax advisers and their wealthy clients with links to the Panama Papers could be hit with criminal charges following raids this week, Tax Commissioner Chris Jordan says. All up 1000 entities, involving hundreds of taxpayers – many of which include high-wealth individuals and their lawyers and accountants – are under investigation by the Australian Taxation Office. […]

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Investigations into tax evasion and crime identified in the Panama Papers by an Australian specialist police taskforce have resulted in compliance action against more than 100 taxpayers. The revenue and financial services minister, Kelly O’Dwyer, and the justice minister, Michael Keenan, revealed on Tuesday that more than $2.5bn of offshore funds are linked to the […]

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Corporate executives expect the Panama Papers disclosures to produce stepped-up enforcement of regulations against corruption including money-laundering. But many lack confidence in their companies’ ability to prevent financial crimes. A Deloitte Advisory poll found that nearly 9 percent of the executives surveyed had little faith in their organizations’ ability to mitigate financial crimes. … read […]

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SYDNEY: For years, the biggest nations have tried to outsmart tax dodgers and reclaim trillions of dollars stashed in off-shore accounts. Many of them are tired of waiting and now just want to make peace and bring some of the money back home. From Indonesia to Turkey and India to Argentina, several of the world’s […]

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For years, the biggest nations have tried to to outsmart tax dodgers and reclaim trillions of dollars stashed in off-shore accounts. Many of them are tired of waiting and now just want to make peace and bring some of the money back home. From Indonesia to Turkey and India to Argentina, several of the world’s […]

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THE latest batch of the Panama Papers, released by a group of investigative journalists, focuses on shell companies and corruption in Africa. I have read their findings with great interest and noticed how this round of tax disclosures did not attract as much media interest as the first damning exposé. This could, of course, be […]

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Expert publishing blog opinions are solely those of the blogger and not necessarily endorsed by DBW. The release of the Panama Papers earlier this year unveiled a global conspiracy of tax evasion and money laundering by some of the world’s most powerful politicians, officials and businesses. Just a month ago, new revelations showed that corrupt […]

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