Blog Posts - Tax Evasion

PM Modi at G20 Summit 2016 : Black Money Tax Evasion Issues

PM Narendra Modi is in China for G20 Summit. Today, PM Modi addressed G20 countries at G20 Summit 2016 in China’s Hangzhou. He had flown into Hangzhou on Saturday for the crucial G20 summit and talks with top world leaders.... The post PM Modi at G...

Govt knows nothing about EU’s tax blacklist

The Government knows nothing about a reported investigation into New Zealand’s tax haven status by the European Union.
by TaxWorldWeb on Aug 1, 2016

Drones hunt down 1.7 million tax cheats in Spain

The Spanish government has used drones to discover more than 1.69 million homes are not paying sufficient taxes, it has revealed.
by TaxWorldWeb on Jul 26, 2016

Linda Ikeji Hit With N75 Million Tax Bill

Yesterday, June 22, 2016 popular blogger, Linda Ikeji was accused of evading tax and denying her Banana Island mansion. The former model was said to be in trouble with the Federal Inland Revenue Service (FIRS) for evading N75 million tax bill. Report...
by Oh Zina on Jun 23, 2016

Montenegro Piles Pressure on Tax Dodging Firms

Montenegro’s Finance Ministry is moving to finally collect unpaid taxes of about 230 million euros owed by companies that are considered close to Prime Minister Milo Djukanovic’s government, after an opposition minister, Rasko Konjevic, t...
by TaxWorldWeb on Jun 16, 2016

China Plans to Get Tough on Corporate Tax Evasion

China is joining an international effort to tackle tax evasion, with plans to require multinationals to disclose more detailed information on their overseas affiliates, according to taxation consultants who advised the government on the new rules.
by TaxWorldWeb on May 18, 2016

Tax dodge of Rs.50,000 cr found

The government has unearthed evasion of about Rs.50,000 crore of indirect taxes and undisclosed income of Rs.21,000 crore over the last two years, according to the Finance Ministry.
by TaxWorldWeb on May 11, 2016

Emma Watson denies tax dodging after papers disclose offshore link

Emma Watson denied avoiding tax after becoming the latest high-profile name listed in the Panama Papers offshore data leak.
by TaxWorldWeb on May 11, 2016

Electronic stamps set to foil tax dodgers

Soon-to-be-adopted electronic excise tax stamps for tobacco, alcohol and playing cards are expected to stem tax evasion and boost revenue by 10%, says the head of the Excise Department.
by TaxWorldWeb on May 6, 2016

Obama: new tax rule will fight corruption, help economy

U.S. President Barack Obama said on Friday a long-delayed rule requiring the financial industry to identify the real owners of companies will help fight corruption and tax evasion and boost the economy.
by TaxWorldWeb on May 6, 2016

UN urges countries to stem tide of firms profit-shifting to tax havens

The UN has urged governments to stem the flow of funds to tax havens after companies funnelled $221bn (£152bn) into countries with low tax rates last year.
by TaxWorldWeb on May 3, 2016

Revenue chief in warning to overseas tax avoiders

The taxman has issued a stark warning to people squirrelling away cash overseas to evade tax – get in touch with me, before I get in touch with you.
by TaxWorldWeb on Apr 27, 2016

German finance minister objects to tax transparency proposals

EU plans to force multinational companies to publicly reveal the taxes they pay in different countries have hit a political obstacle as German Finance Minister Wolfgang Schäuble expressed strong concerns about the measure.
by TaxWorldWeb on Apr 24, 2016

Corporate tax avoiders to be fast-tracked through courts, says ATO

The Australian Tax Office is close to striking a deal with the Federal Court to fast-track large corporate tax cases that have dragged on for years.
by TaxWorldWeb on Apr 21, 2016

IMF, World Bank, U.N., OECD form new group to stop tax erosion

The International Monetary Fund and the World Bank said on Tuesday they are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.
by TaxWorldWeb on Apr 19, 2016

EU Big Five launch tax crackdown

The five largest economies in the European Union have agreed to share information on secret owners of businesses and trusts.
by TaxWorldWeb on Apr 14, 2016

5 Biggest Revelations From the Panama Papers

The Panama Papers are a leaked set of 11.5 million confidential documents that provide detailed information about more than 214,000 offshore companies. According to the International Consortium of Investigative Journalists, the historic data leak tie...
by Personal Finance News on Apr 12, 2016

Russia considering sanctions against UK over tax evasion support – financial crime consultant

A financial crime consultant claims Moscow is seriously considering economic sanctions against the UK over its alleged support of tax evading Russian nationals. Ken Rijock of World-Check said he got the information from a reliable financial source in...
by TaxWorldWeb on Mar 28, 2016

Spanish MEP’s Comments Provoke Gibraltar

Spanish PSOE MEP, Ramon Jauregui Atondo, has once again set a fire under the seats of Gibraltar’s government with inflamatory comments regarding the islands tax regime. Whilst addressing the European Parliament last week, the MEP alleged that G...
by Real Estate Marbella on Mar 1, 2016

Dirty money: Australia’s missing $100 bills in hands of criminals, tax cheats, expert warns

Australia’s missing $100 bills could be being stockpiled by criminals or those seeking to avoid taxes, an expert says, as momentum to axe high-denomination bills builds worldwide.
by TaxWorldWeb on Feb 18, 2016

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