WASHINGTON – A federal court in Newark, N.J., denied Schering-Plough Corp. a $473 million refund in connection with two transactions in which Schering-Plough sought to avoid taxation on $690 million in profits it repatriated from offshore subsidiaries into the United States.
BBC News — The head of Zambia’s anti-corruption task force, Maxwell Nkole, has been removed one week after the acquittal of former President Frederick Chiluba.
As governments hunt for tax evaders and financial fraudsters, a veil of secrecy is lifting
Two-and-a-half years after the death of General Augusto Pinochet, a report by the Chilean police task force charged with investigating money-laundering has claimed that British authorities and the financial sector were complicit in hiding his massive ill-gotten fortune.
ZURICH (Reuters) – Clients of UBS facing disclosure of their accounts to U.S. tax authorities were not harmless victims and legal cases against former UBS bankers did not affect the bank, its chairman told Swiss Sunday newspapers.
Bradley Birkenfeld, the former UBS private banker turned key informant, was on Friday sentenced to a tougher-than-expected 40 months in prison for helping wealthy American clients evade taxes.
MIAMI – U.S. authorities requested a sharply reduced prison sentence on Tuesday for a key informant in their tax evasion prosecutions of wealthy American clients of Swiss bank UBS.
WASHINGTON – Craig Shaber, an attorney from San Diego was arraigned today before Magistrate Judge Anthony J. Battaglia in that city on charges of conspiracy to defraud the Internal Revenue Service (IRS) and tax evasion for years 2000 to 2002, the Justice Department and IRS announced. On Aug. 14, 2009, Steven Wright, an accountant, pleaded guilty before U.S. Magistrate Judge Jan M. Adler to one count of tax evasion for the 2000 tax year. Wright admitted to evading $387,000 in taxes for 2000 to 2002.
The U.S. crackdown on clients of UBS AG is widening into a global hunt, with the government detailing in court documents how the Swiss bank and outside advisers helped Americans hide money using enterprises set up in Hong Kong.
The Office of Thrift Supervision has lifted a cease and desist order against Brookline Bank and its finance unit, Eastern Funding LLC.
Reuters – Liechtenstein and Britain said on Tuesday they had signed an agreement to encourage British clients of banks in the Alpine principality to voluntarily disclose untaxed money. Here are some details about European countries who have been maintaining strict laws protecting banking privacy.
FT: Hollywood studios and film producers are set to face increasing scrutiny from anti-fraud officials, as a result of a trial involving incidents in Bangkok that could have repercussions across the entertainment sector.
While over 100 million children never get the opportunity to go to school, developing countries ...
GFI and Task Force Director Raymond Baker speaks in Norway in an event sponsored by ...
Developing countries are currently losing US$1 trillion dollars annually - 10 times the amount they ...
Washington lobbyists and lawyers helped launder millions of dollars for allegedly corrupt African politicians and ...
Huguette Labelle, Chair of Transparency International, presents the 2009 Corruption Perceptions Index (CPI), which ...
Global Financial Integrity (GFI) Director Raymond Baker will testify before the U.S. House of Representatives ...
May 15, 2009
An interesting story from the Las Vegas Review-Journal posted by Richard Murphy on his blog:...
May 16, 2009
Washington, DC — The House Financial Services Committee hearing today on official corruption, its ...
May 19, 2009
Much has been written about the role sleepy alpine countries and palm tree-laden Caribbean islands ...
May 19, 2009
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