Confusion as French trust law filing date approaches – Financial advisers in France report that a state of confusion exists in fiduciary companies and… ‘French mini-FATCA’ fears as France goes after trusts – Tax experts who have been studying France’s new tax regime for wealthy individuals are likening… Financial advisers in France report that a […]

Money Laundering Awareness Handbook for Tax Examiners and Tax Auditors – Money laundering is a serious threat to the legal economy and affects the integrity of financial institutions. Tax crime is one of the top three sources of dirty money. Tax administrations can play an important role in detecting and deterring money laundering. This handbook […]

HMRC secures plumber conviction – A plumber from Hampshire has been sentenced to four months in jail , suspended for 12 months, for tax evasion as a result of HMRC’s targeted crackdown on various trades. This follows a number of HMRC investigations targeting plumbers, gas fitters and heating engineers who failed to take advantage of […]

Europe Loses Billions to Tax Evasion – Swiss banks are facing prosecution in several European countries, accused of complicity in tax evasion and money laundering schemes, especially with French, German, and wealthy Greek citizens. In France, the publication last March of a book revealing massive tax evasion by French citizens with the help of a […]

Will new UK-Switzerland Tax Agreement cause Capital Flight – the recent announcement of a new agreement between the United Kingdom and Switzerland, regarding Britons with Swiss bank accounts, though not effective until after ratification by both countries, and then not until 2013, may cause capital flight, not only by tax evaders, but from accounts managed by […]

Lloyds Banking Group is being investigated by British tax officials over allegations that wealthy clients are being encouraged to avoid UK taxes by channelling money through China, a BBC Panorama investigation reveals. The advice from an employee at the Jersey branch of the bank bailed out by taxpayers was secretly filmed for the BBC by […]