Tax Evasion

Money laundering has remained at the front of people’s minds in the past year, with the leak of the Paradise Papers following 2016’s Panama Papers leak. That led the European Parliament to set up a new investigations committee focusing on companies and individuals flouting money laundering, tax evasion and tax avoidance rules. EU governments and […]

Money laundering has remained at the front of people’s minds in the past year, with the leak of the Paradise Papers following 2016’s Panama Papers leak. That led the European Parliament to set up a new investigations committee focusing on companies and individuals flouting money laundering, tax evasion and tax avoidance rules. EU governments and […]

The Anti-Corruption Commission has summoned seven businessmen named in Panama and Paradise papers for interrogation over their alleged involvement in making illegal wealth through money laundering.The commission on Sunday summoned United Group directors Hasan Mahmood Raja, Khondker Moinul Ahsan, Ahmed Ismail Hossain and Akhtar Mahmud as their names appeared in Panama Papers for interrogation on […]

A court in Pakistan has sentenced former Prime Minister Nawaz Sharif to 10 years in prison over corruption charges linked to property purchases in Britain. Tax evasion and other allegations against Sharif surfaced following a massive leak of documents known as the Panama Papers. The data shed light on the offshore financial transactions of world […]

You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Opening a corporate bank account can be stressful. New and tough international regulations and expectations on banks over the last couple of years, plus strict guidelines, can make it a time-consuming business. The good news is that once you’ve vaulted over this one major hurdle […]

That some of the world’s most famous athletes could defraud tax authorities seems at first incomprehensible: They should know that their tax returns will be closely scrutinized, and being labeled tax evaders certainly does not enhance the value of their image or their popularity with fans. But as the cases of Ronaldo, Messi and many […]

That some of the world’s most famous athletes could defraud tax authorities seems at first incomprehensible: They should know that their tax returns will be closely scrutinized, and being labeled tax evaders certainly does not enhance the value of their image or their popularity with fans. But as the cases of Ronaldo, Messi and many […]

Well-heeled Canadians have hidden up to $240.5 billion in foreign accounts and are dodging up to $3 billion a year in federal tax on those funds, according to the CRA’s first ever attempt to estimate how much government revenue is lost from individuals stashing money abroad. The Canada Revenue Agency arrived at the figure as […]

The offshore firm at the heart of the Panama Papers leak did not know who as many as three-quarters of its clients were at the time of the exposé, according to an investigation. The Panamanian company Mossack Fonseca made frantic efforts to discover its clients’ identities in the spring of 2016 as it fell under […]