According to a Spanish prosecutor’s document, Lionel Messi’s alleged multi-million euro tax evasion scheme. (1) relied upon hiding the names of the real owners of companies registered in the UK, Switzerland, Uruguay and Belize. It has been widely reported that the prosecution alleges the scheme involved funneling money to tax havens using a complex web […]

The Swiss Council of States has adopted a bill forwarded on from the Federal Council with modifications, implementing the revised Financial Action Task Force (FATF) Recommendations. Lawmakers increased the tax threshold for a case of tax evasion to be deemed to be a serious tax offence, from CHF200,000 (USD229,164) to CHF300,00. Furthermore, they agreed to […]

  For more than six years—since the United States first indicted UBS in July of 2008 in the Southern District of Florida—Swiss banks have been closely scrutinized by the United States Department of Justice (“DOJ”) over their alleged assistance of US tax evaders. On August 29, 2013, the DOJ and the Swiss Federal Department of […]

The prime minister has hailed an agreement by the UK’s Overseas Territories and Crown dependencies to sign up to a tax evasion clampdown. David Cameron said it was a “very positive step forward” ahead of the G8 meeting, which starts on Monday. But sources from the Crown Dependencies told the BBC a proposed register of […]

A joint investigation by the UK, the US and Australia to identify those using offshore tax havens to hide wealth has uncovered more than 100 people. Her Majesty’s Revenue and Customs (HMRC) said some of these were already under investigation for tax evasion, the BBC reports. It said it has obtained large quantities of documents […]