Tax Evasion

HM Revenue and Customs is struggling to cope with a growing workload, including investigating revelations contained within the Paradise Papers, according to parliament’s spending watchdog. The public accounts committee has warned that it is “far from confident” that the tax authority has sufficient resources to scrutinise claims published in the Guardian last year arising from […]

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Pulitzer prize winning journalist Jake Bernstein discusses his new book: SECRECY WORLD: Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite Brian Egger, Senior Gaming Lodging Analyst for Bloomberg Intelligence, on why 2018 will be one of the most consequential years for the US gaming industry. Olivia Zaleski, technology reporter for […]

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The Paradise Papers leak prompted yet more indignation about corporate tax avoidance, and cash-strapped governments claim to be tackling the issue. What will it mean for corporates?   The financial crisis—with the subsequent austerity imposed on citizens—was a turning point in public attitudes. Once upon a time, ordinary citizens might have joked about so-called tax […]

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2017 was an important year for the UK’s Serious Fraud Office (“SFO”). The Government’s plan to merge the SFO with the National Crime Agency was scrapped, seemingly securing the SFO’s future as an independent investigator and prosecutor. 2018 looks set to be equally important. Director of the SFO, David Green, is due to step down, […]

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A dozen governments around the world say they’ve recovered a combined $500 million in unpaid taxes so far thanks to the Panama Papers leak of tax-haven financial records in 2016. But not a penny of that is destined for Canadian government coffers. The Canada Revenue Agency maintains it will be at least another 2½ years before […]

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The introduction of new offences of failing to prevent the facilitation of tax evasion may trigger the Financial Conduct Authority (FCA) to examine institutions’ controls. In brief HM Revenue and Customs (HMRC) expects companies to have carried out risk assessments in relation to failing to prevent the facilitation of tax evasion since this became a […]

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Sinn Fein MEPs have defied their left-wing European parliament political allies to help defeat a proposal that the European Commission should regard Ireland as an “EU tax haven”. Four Fine Gael MEPs also broke ranks with their political group to abstain from supporting the findings of a parliamentary inquiry into the tax evasion revealed by […]

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BRUSSELS (AP) — The European Union on Tuesday put 17 non-EU countries on a blacklist of those it deems guilty of unfairly offering tax avoidance schemes. EU Vice President Valdis Dombrovskis said after a meeting of the bloc’s finance ministers that beyond the 17 nations, over 40 more were put on a “grey list” to […]

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Yachts are seen during sunset in Panama City, Panama on April 7, 2016. (Carlos Jasso/Reuters) Angela Wright is a writer and public affairs professional. She holds a master’s in history from the University of Iowa.  Canadians hate tax havens. This is according to a poll recently conducted by Environics Institute that showed 90 per cent […]

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Five Pacific Islands are included in the European Union’s (EU) first blacklist, which names 17 tax havens, including American Samoa, Guam, Marshall Islands, Palau and Samoa as “non-cooperative jurisdictions for tax purposes”. Another 47 countries who are on a watchlist, promise to change their tax rules to meet EU standards. These countries include Hong Kong, Jersey, […]

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Once upon a time it was impossible to even think of what inequality looked like around the world. Today, it’s being assessed globally – and the pictures emerging are all too ugly. RELATED: From American Dream to American Illusion: Today’s US The latest World Inequality Report, published on December 14, indicates that since 1980 the world’s […]

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