MIAMI, May 3 (Reuters) – A former private banker at Julius Baer (BAER.VX), who alleges the Swiss bank knowingly helped rich clients dodge taxes, said on Monday that U.S. clients have long paid a premium for Swiss firms’ tax advantages.
U.S. DOJ–A federal court in Jackson, Miss., has ruled in favor of the United States involving a businessman’s attempt to use a KPMG- marketed tax shelter to avoid paying income tax on approximately $18 million in capital gains. According to the opinion, in 2001, J. Kelley Williams of Jackson became aware that he would have $18 million in capital gains from one of his investments. His KPMG accountant suggested that he use a marketed tax shelter strategy by the name of “Family Office Customized” or “FOCUS” to avoid paying tax on that gain. The tax shelter involved a series of preplanned steps using foreign currency straddles and a three-tiered partnership structure to create sham losses.
Statement by Marta Ruiz, Policy and Advocacy Officer for Eurodad at the Repsol Sharholders Assembly in Madrid on April 30 2010.
Business Guide Ghana–AFRICA loses about $1 trillion to illicit financial dealings which benefit the developed countries and make the continent poorer.
JAKARTA (AFP) — Indonesia has succeeded in dismantling a major new Al-Qaeda-style terrorist network but corruption and complacency threaten to unravel its gains against home grown extremists, a think tank said Tuesday.
(Reuters) – Over the past year, the number of countries on an Organization for Economic Cooperation and Development “gray list” of tax havens that have not fully implemented internationally agreed upon tax standards has dropped to 17 from more than 40.
Did you know that each year developing countries loose 500.000.000.000 dollars in income due to tax evasion through Tax Havens? This is ten times more money than what these countries receive each year in economical support from rich countries. This is money that could have been invested in public welfare and development in poor countries. Help us in Attac fighting Tax Havens by joining our cause!
ZURICH (Reuters)- After the collapse of Lehman Brothers in September 2008, Switzerland’s largest bank was teetering. UBS, which was more than three times bigger than Lehman in terms of assets, had to write down some $50 billion during that tumultuous period.
March 26 (Bloomberg) — African nations lost $854 billion in illegally transferred funds over the past four decades, at least double the official development assistance given to the continent, according to a report released today.
Innospec Inc., a Delaware corporation, pleaded guilty today to defrauding the United Nations (UN), to violating the Foreign Corrupt Practices Act (FCPA) and to violating the U.S. embargo against Cuba, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division; Director Adam Szubin of the Department of the Treasury’s Office of Foreign Assets Control (OFAC); Assistant Director in Charge Shawn Henry of the FBI’s Washington Field Office; and Robert Khuzami, Director of the U.S. Securities and Exchange Commission’s (SEC) Division of Enforcement
Developing countries are currently losing US$1 trillion dollars annually – 10 times the amount they receive in foreign aid. We can change this. Tell the G20 – the world’s economic leaders – to create transparency in the international financial system. Sign the petition at www.G20Transparency.com.
Washington lobbyists and lawyers helped launder millions of dollars for allegedly corrupt African politicians and their relatives, according to a two-year-long investigation by a Senate panel.
Task Force Director Raymond Baker spoke to MBA students at Georgia Tech (his alma mater) ...
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 ...
WASHINGTON, DC – Global Financial Integrity (GFI) Managing Director Tom Cardamone will testify tomorrow ...
May 23, 2012
BRUSSELS - Tax is joining high pay as an issue at FTSE100 companies’ AGMs this ...
May 22, 2012
WASHINGTON, DC – Global Financial Integrity (GFI) today called on leaders of the G8 to ...
May 17, 2012
Thursday's daily news updates from Global Financial Integrity
May 24, 2012
In Brazil, there is an agency known as “the Lion,” whose agents fly around the ...
May 23, 2012
The G8 have just released an ambitious and comprehensive asset recovery action plan as part ...
May 23, 2012
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