Turkey's prime minister accused Twitter Saturday of tax evasion after the micro-blogging site was used to spread a number of damaging leaks implicating his inner circle in corruption scandals, according to AFP.
The Russian Interior Ministry Investigative Department has submitted a new request for the extradition of businessman Sergei Polonsky from Cambodia to the Russian Prosecutor General's Office, the Interior Ministry press center told Interfax.
An Italian government agency has asked a court whether former Prime Minister Silvio Berlusconi can serve a one-year sentence for tax fraud by working in a center for the elderly, judicial sources said on Tuesday.
Bayern Munich football club president Uli Hoeness on Thursday was sentenced to 3.5 years in prison for tax evasion to the tune of €27 million. Hoeness was seen as a moral authority figure in Bavaria and a strong contributor to Angela Merkel's sister party, the CSU.
Many of the most profitable US corporations paid little or no federal income tax from 2008 to 2012, according to a five-year study issued by a left-leaning tax activist group.
One of Switzerland’s largest banks, Credit Suisse, is being accused of using an elaborate scheme to connect to wealthy clientele and helped around 19,000 US bank account holders hide millions by not reporting their financials to the IRS, according to a report from a US Senate investigation.
The United States signed anti-tax fraud pacts with Canada and Hungary this week, expanding its drive to combat offshore tax evasion, the Treasury Department said Wednesday.
The Moscow City Court on Friday declared the 9 year sentence in absentia to the Hermitage Capital Management head William Browder lawful, RAPSI reports from the courtroom. The UK refused to extradite Browder to Russia.
Close relatives of Chinese President Xi Jinping and a host of other high-ranking officials and business tycoons in China have used secretive offshore tax havens that helped shroud the Chinese Communist elite's wealth, according to leaked financial records that may deal a tangible blow to President Xi's image of a determined anti-corruption fighter.
Relatives of top Chinese leaders including President Xi Jinping and former premier Wen Jiabao have used offshore tax havens to hide their wealth, according to a mammoth investigation released Wednesday. The International Consortium of Investigative Journalists (ICIJ), citing information culled from 2.5 million leaked documents, said that Xi's brother-in-law and Wen's son and son-in-law were among those with offshore holdings.
The events abroad that the Russian press saw as the most significant ones in 2013. Russians saw the Syrian Civil War as the main event abroad in 2013, including the use of war chemicals in Syria, and also the agreement reached on scrapping Syria’s chemical weapons in what proved Russia’s major diplomatic achievement in the efforts to settle the dangerously aggravated conflict. The situation in Ukraine, which has had to choose between integrating itself into the European Union or the Customs Union, was the most important event of 2013 in the former Soviet area.
The European Commission is investigating reports that Spain violated EU competition rules by employing dubious schemes to extend illegal financial support to some of its football clubs. We have more in a report filed by Voice of Russia correspondent.
Russian President Vladimir Putin has said he is going to sign a pardon for the imprisoned Russian oligarch and former head of the Yukos oil company Mikhail Khodorkovsky.
While millions of immigrants worldwide dream of living in America, record numbers of US citizens and permanent residents are ditching their passports and denouncing their citizenship or residency. And this year that trend is up by at least 33 percent, surveys say.
One of the biggest Swiss banks is accused of helping rich Frenchmen avoid paying taxes. Reuters reports that on Wednesday a team of French magistrates visited the UBS office in Paris, seeking documents that could prove the bank's involvement in tax evasion schemes.
The year 2013 is poised to set a record for the highest number of expatriations ever by US citizens. The total figure so far this year is 2,369, which is one third more than the 1,781 who left in the whole of the previous record year of 2011.
US authorities have begun hunt for American citizens suspected of evading taxes by hiding assets in offshore bank accounts.
Combating money laundering is believed to be one of the key priorities of the UK as the current G-8 presidency holder. However, London failed to succeed in it, the Tax Justice Network, a coalition of researchers and activists, says. Two British overseas territories – the Island of Jersey and the Cayman Islands – were included in the top 10 list of the world's secrecy jurisdictions. Now Russia, which to hold presidency of the G-8 next year, will have to resolve the problem of offshoring. And, as experts presume, it will do it in a completely different way.
Laundering proceeds of tax evasion and tax fraud is now a crime in Singapore, effective 1 July. Financial Institutions are required to conduct customer due diligence to deter and detect proceeds from serious foreign tax offences, even if they are not offences in Singapore.