Tax Evasion

The Bahamas island where Prime Minister Justin Trudeau took a vacation that is now the subject of an ethics investigation is owned by a company connected to a secretive web of corporations located in countries known to be offshore tax havens. Bell Island, a private property nestled in the turquoise waters of the Exumas, has […]

by Mike Godfrey, Tax-News.com, Washington 15 May 2017 Panama needs to require greater due diligence from financial and banking institution to tackle tax fraud in the wake of the Panama Papers scandal, a United Nations official has said. “The main component of illicit cash flows at the global level is tax fraud,” UN rights expert […]

Last year’s bombastic financial record leak of a Panama-based law firm, known as the “Panama Papers,” has resulted in calls for the country’s lawmakers to impose greater monitoring of financial and banking institutions. RELATED:A Year After Panama Papers, Little Done Against Tax Havens Juan Pablo Bohoslavsky, a United Nations expert on foreign debt and human […]

(DW) — Norbert Walter-Borjans has been busy turning himself into the public scourge of German tax cheats and foreign tax havens. Having already riled Switzerland by buying CDs with stolen bank account data – and then accusing the Alpine state of spying on his tax offices – North Rhine-Westphalia’s finance minister criticized Malta as a […]

Last year’s bombastic financial record leak of a Panama-based law firm, known as the “Panama Papers,” has resulted in calls for the country’s lawmakers to impose greater monitoring of financial and banking institutions. RELATED:A Year After Panama Papers, Little Done Against Tax Havens Juan Pablo Bohoslavsky, a United Nations expert on foreign debt and human […]

An anonymous tip has alerted German authorities to the existence of 70,000 offshore companies registered in Malta. Tax investigators now want to share that data with other countries. EURACTIV’s partner Italia Oggi reports. Malta has been branded the “Panama of Europe” by one of Germany’s regional finance ministers, Norbert Walter-Borjans, after tax investigators in North […]

Norbert Walter-Borjans has been busy turning himself into the public scourge of German tax cheats and foreign tax havens. Having already riled Switzerland by buying CDs with stolen bank account data – and then accusing the Alpine state of spying on his tax offices – North Rhine-Westphalia’s finance minister criticized Malta as a haven for […]

A hedge fund manager says the British tax collection agency can’t investigate his 2009 finances because of a mistake in the letter warning him about the probe. Her Majesty’s Revenue Customs wrote to Michael Mabbutt, then at Thames River Capital, saying it wanted to open an inquiry into the tax year ending April 6, 2009, […]

The only question remaining, now that CRA has the additional billion dollars in resources, is their competence and ability to perform the important work ahead. In the past, their lack of transparency and openness has raised serious concerns that two sets of rules exist. If you hide your money overseas, your chances of getting caught […]

Malta’s embattled prime minister, Joseph Muscat, is facing a growing rebellion in Brussels, where MEPs are openly calling for his departure amid a growing corruption scandal involving his wife, a Panamanian shell company and alleged payments from the president of Azerbaijan’s daughter. The Mediterranean island state’s presidency of the EU, which began in January, has […]

After years of trying to build public and media support, significant progress has been made with the last two federal budgets in the fight against overseas tax evasion. Finally, the federal government is providing the Canada Revenue Agency (CRA) the resources it needs to take on those who hide their money in overseas tax havens. […]