Romanian prosecutors indicted 30 Romanians, Greeks and Bulgarians for tax evasion and money laundry resulting in EUR 180 million damages. The crime group members created a financial and accounting scheme meant to help them avoid paying VAT and profit tax. The group was led by a Romanian, a Greek and two Bulgarian citizens, and used […]

The Latin American country’s government accused Procter & Gamble of tax evasion. Argentine authorities this Sunday accused Procter & Gamble of tax fraud and suspended its operations in the country. The government of the South American country suspended domestic operations for the transnational company Procter & Gamble for fiscal fraud and capital flight in import […]

Tax evasion is not just illegal it’s immoral people evading tax should be treated same as common thieves. This agreement helps us tackle them. ‏@George_Osborne  

Since 2007, American prosecutors have charged more than four dozen American clients of Swiss banks, including UBS and Credit Suisse and nearly three dozen foreign bankers, lawyers and financial intermediaries involved with secret offshore accounts have been indicted. Since 2009 The IRS has sponsored offshore voluntary disclosure programs that HAS brought in at least $6.5 […]

Benjamin Lawsky has changed the legal landscape for Bank Leumi Le-Israel, which would be the first Israeli bank to settle a tax probe with the U.S. The Justice Department secured a guilty plea in May from Credit Suisse Group AG’s main bank subsidiary. New York’s banking regulator will ask for more than $300 million to […]

Government plans to name, shame and charge more in the coming days. In a major step in its crackdown on the country’s parallel economy, the Indian government on Monday revealed before the Supreme Court the names of three persons who allegedly have parked untaxed or ‘black’ money in illicit foreign accounts. Pradip Burman, former Executive […]

Domenico Dolce and Stefano Gabbana have been found innocent of tax evasion in a ruling by Italy’s supreme court. The five-judge panel overturned two previous court rulings that found the designers guilty, sentencing them to 20 months jail time each in April of this year. The investigation stemmed from the sale of the company’s main […]

Swiss private bank Julius Baer is cooperating in a French investigation into suspected money laundering and tax fraud by a former client involved in the European carbon allowances market, a spokeswoman said, following French media reports. News agency AFP said last week the bank is suspected of receiving funds in a Swiss account that were […]