Tax Evasion

Panama City – Panama needs to immediately boost transparency and regulation of its financial sector to shake off its reputation – deepened by the “Panama Papers” scandal – of being a hub for tax evasion, a report released on Monday said. “Decisions, investment, legislation and a high degree of commitment by the authorities and regulatory […]

by

PANAMA CITY – Panama needs to immediately boost transparency and regulation of its financial sector to shake off its reputation — deepened by the “Panama Papers” scandal — of being a hub for tax evasion, an experts’ report released Monday said. Panama’s services sector accounts for 83 percent percent of its economy, which is rated […]

by

Tax investigators around the world have spent months delving into the 11.5 million confidential documents leaked in April after Panamanian law office Mossack Fonseca’s computers had been hacked. The French taxpayers are suspected of having hidden away money through shell corporations in offshore tax havens such as the Bahamas and British Virgin Islands. Checks have […]

by

Fifty-seven Icelandic fishermen, who worked for Icelandic fisheries abroad, are suspected of having failed to pay income tax in Iceland, where they resided, Fréttatíminn reports. Their cases comprise more than half of the 108 tax fraud cases connected to the Panama Papers, which are under investigation by the Directorate of Tax Investigation in Iceland. The […]

by

Tax investigators around the world have spent months delving into the 11.5 million confidential documents leaked in April after Panamanian law office Mossack Fonseca’s computers had been hacked. The French taxpayers are suspected of having hidden away money through shell corporations in offshore tax havens such as the Bahamas and British Virgin Islands. Checks have […]

by

REYKJAVIK (AFP): Icelandic authorities said on Wednesday that 108 taxpayers whose names were in the “Panama Papers” had been targeted by an investigation for tax evasion.  Directorate of Tax Investigations chief, Bryndis Kristjansdottir, told AFP that of those, 31 had been discovered due to the documents which the Icelandic authorities bought from an anonymous source.  […]

by

The Papers, which were published at the initiative of the International Consortium of Investigative Journalists, showed how some wealthy individuals and public officials had been keeping assets in offshore accounts. (representative image) French authorities on Thursday said they are investigating 560 taxpayers over tax evasion based on information garnered in the leaked Panama Papers. Tax […]

by

REYKJAVIK (AFP): Icelandic authorities said on Wednesday that 108 taxpayers whose names were in the “Panama Papers” had been targeted by an investigation for tax evasion.  Directorate of Tax Investigations chief, Bryndis Kristjansdottir, told AFP that of those, 31 had been discovered due to the documents which the Icelandic authorities bought from an anonymous source.  […]

by

Home» Top News » World Top News Posted by Fawad Maqsood 11 REYKJAVIK: Icelandic authorities said on Wednesday that 108 taxpayers whose names were in the “Panama Papers” had been targeted by an investigation for tax evasion. Directorate of Tax Investigations chief, Bryndis Kristjansdottir, told AFP that of those, 31 had been discovered due to […]

by

Canada loses an estimated $6 billion to 7.8 billion in tax revenues to offshore tax evasion every year. Despite this staggering number, the CRA hasn’t been very successful in prosecuting offshore tax schemes, having convicted only 49 people and levied $13.4 million in fines since 2010. The U.K. also revealed the results of its Panama […]

by

Canada Revenue Agency has confirmed it is investigating dozens of Canadians for possible tax evasion linked to the Panama Papers leak earlier this year. The agency said it combed through 11.5 million documents from that leak, and identified 2,600 with a Canadian link. From those, it opened investigations into 85 Canadians, and has launched 60 […]

by

Canada loses an estimated $6 billion to 7.8 billion in tax revenues to offshore tax evasion every year. Despite this staggering number, the CRA hasn’t been very successful in prosecuting offshore tax schemes, having convicted only 49 people and levied $13.4 million in fines since 2010. The U.K. also revealed the results of its Panama […]

by

Chancellor of exchequer and home secretary update parliament on progress LAHORE: More than 30 individuals and companies are under active investigation in the United Kingdom for criminal or serious civil offences linked to tax fraud and financial wrongdoing uncovered by the Panama Papers Taskforce partners, with hundreds more under detailed review. According to the official […]

by

Since the 2014 general election, “black money” has been widely discussed in the public, the overall tone of the discussion suggesting that hoards of money are lying in banks or stored secretly in houses and the like.  Prime Minister Narendra Modi’s televised announcement on Tuesday night, stating that the Rs 500 and Rs 1,000 notes […]

by