Exposing tax havens: how this secretive world is losing its veil of mystery

Thursday 30th November 2017

Gone are the times when multinationals could utilise tax havens without scrutiny. We’ve had the Panama Papers, the Paradise Papers and many more leaks, and there will be others to follow. The fact of the matter is, authorities, investigative journalists and even the general public have set their sights on tax havens and this secretive… [continue reading]

HSBC pays to settle tax probe

Monday 27th November 2017

There have been numerous cases lately of banks facing inquiries for their part in aiding tax evasion, with a particular focus on operations in Switzerland. In the latest such news, HSBC has agreed a settlement with French authorities which will see the bank hand over €300 million to end investigations. French authorities probe HSBC Inquiries… [continue reading]

Sweden seeks new rules in fight against tax evasion

Friday 24th November 2017

We are currently in the middle of a global fight against tax evasion and fraudulent activity. As more evasion schemes and tax havens are exposed and shut down, governments worldwide are putting the wheels in motion to make life more difficult for fraudsters. The latest such attempt comes from Sweden where officials are targeting those… [continue reading]

Germany’s second biggest lender in tax evasion probe

Wednesday 22nd November 2017

As officials across the globe seek to take action against fraudulent tax activity it would appear that even those with high levels of financial knowledge and experience are unable to hide from the law. According to recent reports, authorities in Germany have begun a tax evasion probe into a number of current and former managers… [continue reading]

Channel Islands commits to tackling tax fraud following Paradise Papers

Wednesday 22nd November 2017

As the fallout from the Paradise Papers continues, the Channel Islands have made a step towards further tackling fraudulent behaviour by signing a joint commitment with the British and Irish Governments. Reaction to Paradise Papers At the British-Irish Council Summit held in Jersey earlier this month, representatives from the likes of the UK, the Isle… [continue reading]

Success of HMRC tax fraud team serves as a warning to fraudsters

Friday 17th November 2017

It’s no secret that HM Revenue & Customs has really upped its game when it comes to tackling tax evasion in light of recent criticism. Indeed, having set up a tax fraud team – the Fraud Investigation Service (FIS) – back in 2015, the number of prosecutions and amount of money recovered has increased. And… [continue reading]

The Paradise Papers: What you need to know

Monday 13th November 2017

In arguably the biggest leak of financial information since the Panama Papers, last week saw news of the Paradise Papers hit headlines. Obtained by German newspaper Süddeutsche Zeitung, the documents were shared with the International Consortium of Investigative Journalists (ICIJ) who have since uncovered a number of intricate off-shore schemes being used by high-profile and high-net-worth… [continue reading]

Greek authorities to address clause that allows evasion 

Friday 10th November 2017

Many of our blogs have focused on how global authorities are coming down hard on those evading tax payments, but in a constantly changing world mistakes can be made by tax payers and governments alike. For example, in Greece contract professionals can currently benefit through a clause that allows evasion. A clause that allows evasion?… [continue reading]

HMRC targeting off-shore tax evasion

Thursday 9th November 2017

HM Revenue & Customs (HMRC) is certainly stepping up its game in the fight against tax evasion following criticism of its performance to date. We’ve mentioned the numerous reports in recent weeks of new ways the authority is tackling fraud, from psychological profiling to introducing new legislation in the form of the Criminal Finances Act… [continue reading]

South African President accused of fraudulent activity

Wednesday 8th November 2017

It’s perhaps fair to say that many of us think of tax evaders as rich, powerful people who are capable of getting away with fraudulent activity. And if they can, surely anyone can, right? Of course not. While it’s true that there have been a number of high-profile individuals caught up in tax scandals of… [continue reading]