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]

DMX the latest to be charged in celebrity tax evasion case

Wednesday 2nd August 2017

Celebrities, more than most, seem to struggle with remaining compliant when it comes to their taxes. We’ve reported on numerous cases of celebrity tax evasion in recent months and just this week, another (relatively) high profile star has been charged with non-compliance. DMX in hot water Rapper, DMX – born Earl Simmons – faces 14… [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]

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]

Oman introduces jail terms for tax evaders

Monday 6th March 2017

As we’ve mentioned before, Oman is one of the safest places to operate in the Middle East. And with growing demand for specialists in the oil and gas market, as well as expertise in the utilities and construction sectors, contractors are in high demand. However, there have recently been important legislative changes that professionals and… [continue reading]