German tax evasion investigation into agency pilots now involves Ryanair staff

Friday 28th April 2017

Regular readers of our blog will notice that we’ve spoken about Ryanair a few times before. However German tax authorities are now investigating social insurance and tax evasion by Ryanair pilots and the recruitment agencies that place them, and have opened an investigation into the role played by internal Ryanair staff. Approval from within? Authorities… [continue reading]

A speedboat, two villas and a collection of luxury cars seized in tax evasion case

Wednesday 26th April 2017

As you may have read in our blog earlier this week, one of Switzerland’s largest banks, Credit Suisse is currently embroiled in a global tax evasion case, which has seen cross-border collaboration between a numbers of European governments in the fight against transgression on an international scale. No hiding for tax evaders At the beginning… [continue reading]

Credit Suisse embroiled in international tax evasion scandal

Monday 24th April 2017

As many of you will already be aware, Switzerland’s second largest bank, Credit Suisse is currently tangled up in an international tax evasion scandal of colossal proportions. The ensuing investigation has already involved the examination of 55,000 suspect accounts and the seizure of millions of euros in cash, gold, jewellery, real estate and paintings. The… [continue reading]

EU tax commissioner Moscovici urges countries to continue fight against tax avoidance

Friday 21st April 2017

EU tax commissioner, Pierre Moscovici, has urged EU finance ministers to continue reforming corporate rules to tackle tax avoidance, as some smaller countries call for slower reform to avoid scaring away big corporations. In response to a paper recently discussed at a meeting of EU finance ministers, Malta – which currently holds the EU Chair… [continue reading]

“The Situation” accused of committing tax evasion

Tuesday 18th April 2017

Ex-Reality TV star, Mike ‘The Situation’ Sorrentino has found himself in a particularly tight situation with the United States government after having allegedly avoided taxes on millions of dollars’ worth of income. The former star and his brother Marc Sorrentino, reportedly face charges of tax evasion and structuring and falsifying records, according to the US… [continue reading]

Time is up for Indonesian tax evaders

Thursday 13th April 2017

When Indonesia’s tax amnesty – which began in July 2016 – ended on March 31st more than 800,000 evaders declared 4,700trn rupiah ($350bn) in assets previously hidden from the authorities. This figure is equivalent to 40% of Indonesia’s GDP and 90% of the money supply – revealing the truly epic scale of tax-dodging in the… [continue reading]

Nowhere to hide, even for globally renowned celebrities

Tuesday 11th April 2017

There really is nowhere to hide, even if you are internationally recognised fashion designer, Karen Millen. The fashion icon, who built her empire from a £100 loan, has said she is ‘deeply devastated’ after she was declared bankrupt over an unpaid £6 million tax bill. Millen, who opened her first shop almost 35 years ago,… [continue reading]

The Panama Papers are no panacea in the fight against tax evasion

Monday 10th April 2017

There’s little doubt that the Panama Papers gave governments ammunition in the fight against tax evasion, but according to experts much still needs to happen before the world’s tax dodgers run out of places to hide money. The papers, which stunned the world when they were published a year ago, linked some of the world’s… [continue reading]

Slovakia urged to up its fight against tax evasion

Thursday 6th April 2017

Barely a week has passed recently without another country redoubling its efforts to reclaim lost revenue by tackling tax evasion and the firms facilitating it. However, not all countries are committed to the same standards. While Slovakia has been praised for its measures to tackle tax fraud and non-compliance which have reduced its VAT gap,… [continue reading]

UBS faces charges of facilitating tax evasion in France

Tuesday 4th April 2017

Major global bank, UBS is facing hefty charges and a criminal trial after being accused of helping individuals commit tax evasion in France. But what does this mean for the firm and the global fight against evasion? The charges Last month the group’s French unit reported that investigative judges from PNF, the national financial prosecutor’s… [continue reading]