The future of Britain’s tax havens is in question after a Government report raised doubts over Britain’s willingness to act as a lender of last resort in future unless they raise taxes and impose new regulations on their businesses.
Britain’s tax havens will be read the last rites tomorrow when a Treasury commissioned report will tell them to raise new taxes if they are to survive the economic crisis.
MIAMI — A wealthy accountant who provided extensive help in the tax evasion probe of Swiss bank UBS AG was sentenced to a year of house arrest Wednesday after admitting he concealed about $6 million in assets from the IRS.
WASHINGTON (Reuters) – A proposal to stop rich Americans from stashing assets offshore to evade taxes, by slapping penalties on individuals and foreign financial institutions, was introduced on Tuesday in the U.S. Congress.
WASHINGTON — A new Internal Revenue Service enforcement unit targeting the very wealthy will help the tax agency decode partnerships, offshore trusts and other complex techniques used to hide income, IRS Commissioner Doug Shulman said Monday.
The multibillion-dollar tax avoidance cases enveloping the big banks serve as a warning to all business that deal internationally, Grant Thornton tax expert Paul Gallagher says.
Bloomberg — Infineon Technologies AG’s former Chief Executive Officer Ulrich Schumacher may be allowed to settle charges in a criminal case pending against him in Munich.
Swiss banker Bradley Birkenfeld would do just about anything for the wealthy Americans who entrusted him with millions of dollars they wanted to hide from the Internal Revenue Service.
The worst aspect of the Bofors case – a major arms-deal scandal in Indiawhich brought down the Rajiv Gandhi government in the 1980s – was not corruption. Corruption in varying degrees is rampant worldwide.
Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Scottrade $600,000 for failing to establish and implement an adequate anti-money laundering (AML) program to detect and trigger reporting of suspicious transactions, as required by the Bank Secrecy Act and FINRA rules.
Bloomberg — Vladimir Lenin, Charlie Chaplin and Marc Rich found refuge in Switzerland. So did Roman Polanski, or so he thought up until he was arrested in Zurich on charges of having sex with a minor.
ISTANBUL (Reuters) – The Group of 20 major nations may blacklist countries that have lax financial regulation and impose sanctions on them, mirroring its crackdown on tax havens, Chancellor Alistair Darling was quoted as saying.
Standing at the pump, watching the numbers tick away, do you ever wonder where the ...
Half of the world's trade passes through tax havens. Right now, they are hiding billions ...
This video shows a discussion about beneficial ownership from the Task Force 2011 Conference in ...
WASHINGTON DC – South Africa announced today that it has joined the Partnership Panel of ...
February 10, 2012
LONDON - Forest dependent communities are still in the dark about how their forests are ...
February 9, 2012
WASHINGTON, DC – Global Financial Integrity (GFI) today applauded the introduction of a bill, which ...
February 7, 2012
Standing at the pump, watching the numbers tick away, do you ever wonder where the ...
February 10, 2012
The yawning gap between the transparency rhetoric of companies and the reality of their actions ...
February 10, 2012
In his State of the Union address less than a month ago President Obama brought ...
February 10, 2012
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