Tax Evasion

Featured Tax Evasion

Trump CFO’s lawyer says he suspects more charges in NY tax case

A lawyer for former Alan Weisselberg, the indicted Trump Organization chief financial officer, told a New York judge on Monday he has “strong reason to believe” more charges will be forthcoming in the state’s continuing criminal investigation into former President Donald Trump’s private real estate empire. Lawyer Bryan Scarlatos… Read More

Man sentenced in $4 million fraud scheme involving boats

AP — A Rogersville man was sentenced Friday to five years in federal prison for running a boat building scheme that defrauded customers out of more than $4 million. Michael Michael David Dismer, 53, was sentenced for tax evasion for failing to pay more than $768,000 in state and… Read More

Swiss Bank Mirabaud Queried by Senator on Tax Evasion Case

Swiss bank Mirabaud & Cie. is being asked by a powerful U.S. lawmaker whether it told the Internal Revenue Service about a businessman’s accounts that are now part of America’s biggest individual tax-evasion case. Senator Ron Wyden, chairman of the Senate Finance Committee, asked in a letter whether Mirabaud told… Read More
16th September 2021
Treasury Secretary Janet L. Yellen is pressing Representative Richard Neal, the Democratic chairman of the Ways and Means Committee, to include the Biden administration’s full proposal for bolstering the Internal Revenue Service in its $3.5 trillion spending package, arguing that more resources and greater powers to catch tax evaders are… Read More
16th September 2021
The taxman will investigate 250 high-earning social media “influencers” to check whether they have been paying their taxes, as the government looks to cash in on the exponential growth of the digital economy amid the pandemic. Letters of authority (LOA) for the conduct of a probe have been sent to… Read More
14th September 2021
Political parties will not be spared by government’s efforts to step up the fight against tax evasion and collecting overdue arrears, Clyde Caruana said. The Finance Minister said on Tuesday that the forthcoming budget will propose ways of addressing the issue of tax arrears. By Luke Vella, Malta Today, 14… Read More
14th September 2021
Cracking down on ‘enablers of tax evasion’ has been a key area of focus for HMRC since it established its Fraud Investigation Service in 2015. HMRC’s Fraud Investigation Service has been given additional resources to recruit more staff and, as a result, the number of investigations into tax fraud enablers… Read More
13th September 2021
The Paris appeals court on Thursday backed a guilty verdict against Syrian President Bashar al-Assad’s uncle for misappropriating public funds in Syria, laundering the spoils and building a vast property portfolio in France with ill-gotten gains. The court confirmed last year’s four-year prison sentence against 84-year-old Rifaat al-Assad, which he… Read More
8th September 2021
Colombian lawmakers have passed a tax bill set to raise $4 billion annually, the final step in long-running efforts by the government of President Ivan Duque to get a fiscal reform through Congress. Duque’s government has insisted the law is vital at a time of rising debt, an expanding fiscal… Read More
8th September 2021
Luxembourg’s tax authority is acting well within its rights when it sends letters to residents stating that it suspects they have potential undeclared foreign income, Finance Minister Pierre Gramegna has said, despite the country struggling to shake off its own reputation as a tax haven. Such correspondence, issued by the… Read More
7th September 2021
Financial intelligence regulator AUSTRAC has assessed the four major banks as the highest risk for vulnerability and criminal exploitation of any banking institutions in Australia in a series of risk assessments published on Monday. The feared financial regulator says the criminal environment facing the banks is complex and extensive, exposing… Read More
6th September 2021
By Henry Pope, OCCRP, 4 September 2021 OCCRP — After having been criticized for being a tax haven, Luxembourg’s Ministry of Justice will put forward a draft bill aimed at allowing authorities to sanction those who use the country’s financial system for money laundering and tax evasion. The… Read More
5th September 2021
The head of the IRS believes more rigorous disclosures from the nation’s banks could help fix a yawning tax gap and recoup billions in owed revenues. In a letter viewed by CNBC, IRS Commissioner Charles Rettig told Sen. Elizabeth Warren, D-Mass., that relying on banks to report… Read More