Tax Evasion

THE HAGUE – Gregory Elias, who acts as an advisor for the wealthy Dutch who wants to hide their capital for the tax services, emphatically denies that he has frequently used Panama’s company, Mossack Fonseca. According to leaked Panama Papers last year, Elias helped rich clients evade taxes. The Curaçao-based Elias trust office is mentioned […]

The European Anti-Fraud Office (OLAF) is investigating several European politicians and high-ranking civil servants for tax evasion, using information leaked in the Panama Papers scandal according to French newspaper La Tribune. OLAF found it to contain no fewer than 17 leading European political and administrative personalities. But according to German newspaper Wirtschaftswoche, the organisation has so […]

Chairman Werner Langen (l) with key witness Jean-Claude Juncker, EU commission chief and former prime minister of Luxembourg (Photo: European Parliament) He spoke at a press conference in Brussels on Thursday (8 June), held to mark the one-year anniversary of the establishment of the committee, which is known in the EU bubble as the Pana […]

By Linda A. Thompson Dutch officials probing the use of tax schemes have heard evidence of the wide use of offshore trusts—by multinational companies, small companies, athletes and criminals—to shift profits out of the Netherlands. Experts interviewed June 7 under oath by Dutch lawmakers revealed that such schemes are typically devised by tax advisers and […]

Rich people hate paying taxes, and they use offshore bank accounts to evade them. As a banker in Geneva put it to me years ago, “When people think of Swiss banks, they think of terrorism and drug smuggling. But the truth is there are many wealthy people who don’t like to pay taxes.” But exactly […]

The European Anti-Fraud Office (OLAF) is investigating several European politicians and high-ranking civil servants for tax evasion, using information leaked in the Panama Papers scandal. EURACTIV’s partner La Tribune reports. The 17 leading European political and administrative personalities, whose identities have not been revealed, are the tip of a much larger iceberg. Some 40,000 European […]

Revealing the secret identifies behind shell companies and opaque trusts is the “new frontier” in fighting tax evasion, says the OECD’s head of tax Pascal Saint-Amans. In an exclusive interview with Fairfax Media, Mr Saint-Amans also spoke about the Turnbull government’s tougher domestic laws aimed at cracking down on multinational tax avoidance, which, according to the […]

There’s a new paper out from Gabriel Zucman and collaborators at Berkeley. In one sense the finding is entirely unsurprising–richer people tend to do offshore tax evasion more than poorer people. A universe in which this did not happen is difficult to envision. However, there’s another way of considering the data and that’s a little […]

The Corporate Affairs Commission is even more opaque in its ability to help conceal illicit fund than Mossack Fonseca. Nigeria problem is largely homegrown and not abroad. One of the major problems of fighting corruption in Nigeria and the bane of anti graft agencies is lack of intelligent home grown approach as a solution to […]

Peter Menyasz The Canadian government is revamping its advance income tax rulings process and restricting access to its voluntary disclosures program to better address tax evasion and aggressive tax avoidance, the country’s national revenue minister said. Improvements to the Canada Revenue Agency’s audit process for multinational and large businesses, together with funding commitments of more […]

Maltese voters head to the polls tomorrow (3 June) to deliver their verdict on a government hit by corruption allegations linked to the Panama Papers scandal, but fortified by a booming economy. Opinion polls point to Joseph Muscat, the youthful Labour Party prime minister, retaining power. But with 20-30% of the electorate undecided as campaigning […]

(ShareCast News) – The richest 0.01% of households, involving those with more than £31m assets, evade paying 30% of their taxes on average, according to an academic study of tax evasion based on data revealed in the Panama Papers and the leaks concerning the HSBC Swiss private bank. Economists, who matched people named in the […]

The EU president came under fire from MEPs over his knowledge about tax arrangements made in Luxembourg which effectively allowed multinationals to reduce their tax bills by using tax avoidance schemes as MEPs questioned tax policy during his tenure as finance minister in the 1990s. At a committee hearing into tax avoidance, tax evasion and […]