Nigerian tax evasion problem reaches a critical level

Friday 30th June 2017

A government losing one million dollars to tax evasion wouldn’t normally be seen in an overly positive light. A loss of one billion would probably be recognised as a national crisis. However, the Nigerian government has recently announced that it has lost a truly staggering one trillion dollars to tax evasion, fraud and avoidance. That’s… [continue reading]

US analyses big data to catch tax evaders

Tuesday 27th June 2017

The crackdown on tax evasion has been heating up for some time. And in the past week another huge step forward has been taken as it’s been revealed that US authorities are using big data to catch tax evaders – but what does that mean for the global fight against evasion? Anyone familiar with the… [continue reading]

Tax evasion impacts finances and firms’ bottom line

Friday 23rd June 2017

The impact of tax evasion has the potential to have a seriously negative effect on organisations. Not only are they chastised as ‘tax dodgers’ – ask Google, Amazon and Starbucks about the effects of ‘tax shaming’ – but it has also been revealed that the act has other significant and long lasting effects. Tax evasion… [continue reading]

Cristiano Ronaldo latest footballer in tax evasion nightmare

Wednesday 21st June 2017

Cristiano Ronaldo’s public image is cleaner than most footballers. The Portuguese superstar doesn’t drink, doesn’t have any tattoos as it could prevent him from giving blood and tops the rankings of the most philanthropic sportsmen on Earth. Obviously, his on pitch reputation could do with a little brushing up, however his talent means he can… [continue reading]

Jersey commits to anti-tax evasion treaty

Monday 19th June 2017

Over the past two years a number of countries have raised the stakes against tax evasion in an effort to reclaim the masses of revenue that’s lost every year. And as regular readers of our blog will know, it’s not just large countries committing to this fight against financial law-breaking. Countries unite One of the… [continue reading]

Agencies: Check your suppliers’ compliance status, they might be going on a spending frenzy…

Thursday 15th June 2017

One of the hot topics within the hiring industry at the moment is recruitment agency compliance. Firms, particularly those operating across borders, are looking to find ways to ensure they remain on the right side of the law which can prove challenging when looking to navigate an often tricky regulatory landscape. However, as if it… [continue reading]

The wealthy are avoiding paying tax, new report reveals

Tuesday 13th June 2017

For years it has been argued that the average person is just as likely to avoid paying the correct amount of tax as the super-rich, for example, by paying cash in hand for services work, buying goods on the black market or misreporting earnings on a personal tax return. However, a new report has highlighted… [continue reading]

‘Soup Nazi’ CFO facing prison sentence for tax fraud

Friday 9th June 2017

Any fan of Seinfeld will know all about ‘The Soup Nazi’, the infamous proprietor of a popular soup kitchen that Jerry and the gang take a shine to. While the episode reportedly caused the real-life owner a considerable amount of stress, he’s likely to face considerably more in the coming months as he faces a… [continue reading]

Messi receives sentence for tax fraud

Wednesday 7th June 2017

Oh Lionel. Off the pitch it’s not been the best year for the Argentinian ace and while his goal scoring exploits have kept him on the back pages, his tax fraud status has made front page headlines yet again.   A Messi state of affairs When he’s not busy carving his way through an opposition’s defence… [continue reading]

Is Malta really a ‘pirate base for tax avoidance’?

Monday 5th June 2017

In recent years, Malta hasn’t exactly enjoyed the best reputation. And when a recent BBC investigation branded the country with titles including ‘offshore’, ‘tax haven,’ ‘Panama in the EU’ and ultimately named it as a ‘pirate base for tax avoidance’, it sent shockwaves of concern across Europe.   Why Malta?   Malta offers a very… [continue reading]