Tax Evasion

(sth) – The European Parliament’s so-called Panama Committee (PANA) is visiting Luxembourg on a fact-finding mission from March 2 to 3. Meeting with Finance Minister Gramegna, Justice Minister Braz and the Finance Committee of Luxembourg’s Parliament, criticism has been voiced about the country’s finance sector not being willing to cooperate. Luxembourg is the third country […]

A Labour government would force all taxpayers who earn at least £1m a year to make their tax records public, shadow chancellor John McDonnell has said. As Philip Hammond prepares to deliver his first full budget next week, McDonnell told the Guardian he hoped more transparency about individuals’ tax affairs would cut down on tax […]

analysis By Jomo Kwame Sundaram Kuala Lampur — Unlike Wikileaks and other exposes, the Panama revelations were carefully managed, if not edited, quite selective, and hence targeted, at least initially. Most observers attribute this to the political agendas of its main sponsors. Nevertheless, the revelations have highlighted some problems associated with illicit financial flows, as […]

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Both points have met resistance from EU states who have argued that revealing people involved in trusts may violate privacy and data protection rules. They say that anyone who wants to access such information must demonstrate a “legitimate interest”. The latest vote on the EU’s anti-money laundering directive is part of an ongoing saga following […]

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LONDON/NEW DELHI: Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families. Besides, the bank has been approached by the regulatory and law enforcement agencies of various countries for information […]

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1.Why was a new offshore provision introduced by this year’s Finance Bill? Increased sharing of information intended to curb international tax evasion has been introduced under Common Reporting Standards. This means that Revenue now have several new sources of information regarding Irish residents non-Irish assets. During the last year, the names of over 340,000 Irish […]

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Whatever route the government chooses for Brexit it will need to cooperate with other countries, especially our EU neighbours, to combat tax avoidance, tax evasion and money laundering. Yet the signs are not very good as the government seems to have chosen non-cooperation. It has snubbed the EU inquiry into the Panama Papers. Last year, […]

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The register will reveal the beneficial ownership behind legal structures, such as shell companies. Kelly O’Dwyer, Australia’s minister for financial services, said: “Improving transparency around who owns, controls and benefits from companies will assist with preventing the misuse of companies for illicit activities; including tax evasion, money laundering, bribery, corruption and terrorism financing.” The government first […]

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After incessantly attacking the Opposition with lies and after targeting the media, the government will come after the people next in an attempt to stifle their freedom of expression and undermine democracy, Opposition leader Simon Busuttil told demonstrators today. … read more at: http://www.maltatoday.com.mt/news/national/74557/watch_thousands_attend_pn_demonstration_in_favour_of_democracy_

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OPM Minister Konrad Mizzi has agreed to appear before an inquiry committee of the European Parliament investigating Panama Papers, which revealed massive international tax evasion. Taking to Twitter, Mizzi announced that he had phoned EPP MEP Werner Langen,… read more at: http://www.maltatoday.com.mt/news/national/74522/konrad_mizzi_confirms_appearance_before_ep_committee_investigating_panama_papers

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Manfred Galdes Manfred Galdes, former director of the Financial Intelligence Analysis Unit, has been invited to give evidence before the European Parliament’s committee of inquiry into money laundering, tax avoidance and tax evasion (PANA) on Monday. Dr Galdes controversially stepped down at the height of the Panama Papers scandal. The committee agreed to invite him to […]

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