How is cybersecurity contributing to the fight against tax evasion in India?

Wednesday 30th August 2017

Regular readers of our blog will be only too aware that, earlier this year, India launched its plan to become completely ‘cashless’ and instead focus the vast majority of its economy on digital payments. While this caused some initial challenges, the move has been designed to increase the staggeringly low number of people (1% of… [continue reading]

Tax evasion in Germany and why Swiss spies are in trouble

Tuesday 29th August 2017

The worlds of tax and international espionage don’t cross paths too often, however a recent case has suggested that the two do overlap on occasion. But why are Swiss spies connected to a case of tax evasion in Germany? Tax evasion in Germany According to a new report from the domestic federal prosecution office, a… [continue reading]

The impact of the Criminal Finances Act on recruitment

Friday 25th August 2017

Last week, we spoke about the increase in dawn raids related to tax evasion. This move highlights HMRC’s growing focus on clamping down on tax fraud and Pinsent Masons has suggested that the number of sanctions may increase even further following the introduction of new legislation next month. But what impact will the Criminal Finances… [continue reading]

Amazon tax avoidance rolls on

Monday 21st August 2017

Jeff Bezos, owner of Amazon and all-round transformational man (pictured right), was named the richest person on the planet for a brief moment earlier this month. However, he remains a controversial figure. When he’s not sparring with Donald Trump, or fending off criticism of the firm’s workplace model, he’s usually hitting the headlines for Amazon’s tax… [continue reading]

Creative tax evasion scheme clamped down as gold payments outlawed

Friday 18th August 2017

Bad news, folks. You’re no longer allowed to pay employees their salaries in gold bullion. While many of you are probably wondering if this was actually an option in the first place, a new report suggests that one of the more creative tax evasion schemes identified in recent years has been shut down before it’s… [continue reading]

Dawn raids increase as HMRC shuts down economic crime

Wednesday 16th August 2017

For most, the idea of a dawn raid probably conjures images of violent crime. However, according to new research, tax evaders are in fact behind the increase in the number of raids that have taken place in the past three years in order to tackle all cases of economic crime. Economic crime increase Dawn raids… [continue reading]

Ronaldo tax evasion case: “People are only bothered by my brilliance”

Monday 14th August 2017

The Cristiano Ronaldo tax evasion case rolls on. Regular readers of our blog – and anyone familiar with the global tax arena – will probably be aware that the Portuguese superstar has landed in hot water for alleged tax evasion and recently appeared in court to defend himself. Ronaldo tax evasion The news may have… [continue reading]

Indian tax evasion vs social media: The stakes have been raised

Friday 11th August 2017

Governments around the world are getting more and more creative in efforts to tackle the issue of tax evasion. Many countries have launched amnesties allowing suspected offenders to hand over their unpaid earnings without fear of punishment, while others have adopted big data led programmes to siphon out those they suspect to be breaking the… [continue reading]

Cuban tax: Government prioritises tackling evasion over growth

Tuesday 8th August 2017

Cuba’s seven year push to bolster self-employment hasn’t exactly been smooth-sailing. Ever since Raul Castro announced that the formerly communist country was breaking away from its roots and scaling back central involvement in its economy, there have been numerous issues, not least with tax evasion. The government is now recognising the issue as so severe… [continue reading]

PwC ignores whistleblower: Indian tax evasion case rolls on

Friday 4th August 2017

Whistleblowing has become a lucrative business in recent years, in the US at least. The $104m awarded to Bradley Birkenfeld by the IRS for informing the authorities how UBS was allegedly helping its clients to evade taxes set a new record, but the likes of Herve Falciani, Harry Markopolos and Eric Ben-Artzi have all –… [continue reading]