The Jersey courts consider legitimate tax avoidance and illegitimate tax evasion when seizing assets Introduction 1.The Jersey Court to confiscate drug offender’s money after-tax evasion confession [08 August 2019]. A 57year-old convicted drug offender could see up of £33,804 of savings seized by Jersey authorities, despite successfully arguing that the money was not the proceeds […]

HMRC has confirmed that it has opened its first investigations into the corporate criminal offence of failure to prevent the facilitation of UK tax evasion, using new powers to tackle corporate fraud contained in the Criminal Finances Act, introduced in the wake of the Panama Papers leaks ‘These investigations have been commenced since November 2018 […]

A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties. Shares in UBS fell 2 percent. A lawyer for UBS said the bank would appeal the ruling. The penalties, […]

The New York-based dealer Mary Boone plead guilty to two counts of tax fraud after falsifying 2011 returns to hide her use of $1.6m in gallery profits to upgrade her Manhattan home. She agreed to pay more than $3m in restitution to the IRS; the amount represents the additional tax due as a result of […]

  In R v IK [2007] EWCA Crim 491, 8/3/07 the question for the Court was whether the proceeds of cheating the revenue could be ‘criminal property’. In a nutshell a legitimate trader had earned legitimate money undertaking a legitimate business (a shop). However, the allegation was that not all the income was declared – […]

Houston Attorney Charged in Offshore Tax Evasion Scheme – Allegedly Conspired to Repatriate More Than $18 Million in Untaxed Money Held in Isle of Man Bank Accounts A federal grand jury sitting in Houston, Texas returned an indictment today charging a Houston attorney with one count of conspiracy to defraud the United States and three […]

Billions of pounds have been laundered through the City of London, despite Britain remaining one of the safest and cleanest places in the world to do business, the home secretary has said. Amber Rudd issued the warning as she announced plans for a new national economic crime centre, with the power to task the Serious Fraud […]

FRANKFURT (Reuters) – Germany’s Commerzbank as become the target of a tax evasion probe in which several current and former managers are suspected of evading 40 million euros ($47 million) in taxes via so-called dividend stripping. Prosecutors said on Friday they had searched the offices of a major Frankfurt bank and private homes this week. […]