Tax Evasion

When Aishwarya Rai Bachchan walked into the trailer launch of her upcoming film, the Sarabjit biopic, at 12:15 pm on Thursday, she looked like a Barbie doll in a pink, Aiisha Ramadan dress paired with silver peeptoes. With a ‘namaste’, she asked the assembled media to give two standing ovations — to the late Sarabjit […]

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As the revelations in the Panama papers continue to make ever greater waves across the world, we must ask how those bankers, accountants and lawyers who help rich people and large corporations avoid taxes can live with themselves. The best clue is found in an email sent by one Mossack Fonseca employee: “Is there any […]

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WASHINGTON — The Canadian government promises a multi-front fight against tax evasion amid widespread frustration following the leak of offshore account details in the so-called Panama Papers. Finance Minister Bill Morneau promised Thursday to make it an issue at home and abroad — first at this week’s international summit in Washington, and later with his […]

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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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