Tax Evasion

Most individuals understand the risks of trying to avoid paying taxes. This was demonstrated Monday as a Dallas schoolteacher was sentenced to 18 months in federal prison for trying to hide more than half a million dollars in income. According to the U.S. attorney, the teacher, Linda Nell Fantroy, used a practice known as “structuring” […]

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People protest in front of Parliament building in Reykjavik, Iceland, Tuesday April 5, 2016. The leak of millions of records on offshore accounts claims its first high-profile victim as Iceland’s prime minister resigns amid outrage over revelations he used such a shell company to conceal a conflict of interest. (AP Photo/David Keyton) The European Commission’s […]

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Police have raided Mossack Fonseca, the headquarters of the Panamanian law firm whose leaked “Panama Papers” revealed how the world’s wealthy and powerful used offshore companies to stash assets. Police with an organized crime unit carried out the raid at Mossack Fonseca “with no incident or interference,” prosecutors said in a statement, adding that searches […]

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Tax investigators from 28 countries will meet in Paris on Wednesday to launch an unprecedented international inquiry following the publication of the Panama Papers. Senior officials from tax authorities around the world have said they intend to work together to analyse information revealed by the documents, which have provoked international concern over the offshore industry. […]

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In two separate initiatives in their respective countries to deal with cases of alleged tax evasion and money laundering, German finance minister Wolfgang Schäuble and his French counterpart Michel Sapin have called for a common global blacklist of tax havens. Their measures follow the leak of documents from Panama-based law firm Mossack Fonseca, or the […]

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Related Content Belgians paid most tax in 2015, says OECD Single, childless workers in Belgium paid the most tax, those in Chile the least. MEPs to demand special committee on Panama Papers Pressure increases for EU action on tax avoidance. Commission announces tax transparency rules for multinationals The publication of Panama Papers increased pressure on […]

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PhotoMr. Cameron facing the opposition bench in Parliament.Credit Agence France-Presse — Getty Images Monday afternoon’s debate in Parliament over the Panama Papers scandal was an open discussion of the role of wealth and privilege in Britain. Prime Minister David Cameron is a graduate of Eton College, one of the country’s most prestigious boarding schools, and […]

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The federal government says it expects to recoup $2.6 billion in unpaid income taxes over the next five years with an “aggressive” plan to combat tax evasion. Revenue Minister Diane Lebouthillier explained Monday how the Canada Revenue Agency plans to tackle the problem in light of the massive Panama Papers data leak, which shed light […]

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British Prime Minister David Cameron will say today that new legislation making companies criminally liable if employees aid tax evasion will be introduced this year, as he seeks to repair the damage from a week of questions about his personal finances. Cameron published tax records on Sunday to try and defuse criticism over his handling of […]

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Katainen’s comments come as European leaders move to calm growing public anger over alleged tax avoidance with the global scandal over tax evasion already claiming one victim, the Icelandic prime minister, his job last week. At the weekend, U.K. Prime Minister David Cameron published a summary of his tax returns in a bid to try […]

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