NEWARK, New Jersey (AP) - The rap artist "Fat Joe" pleaded guilty Thursday to failing to pay taxes on nearly $3 million in income he earned over two years for performances and music royalties.Manila Bulletin
UBS Group AGUBSis on the verge of a settlement with the U.S. government that could include hundreds of millions of dollars in fines. This was reported by the Wall Street Journal (“WSJ”). The penalties are related to tax evasion at Credit Suisse, which UBS acquired after the bank collap...
Tax professionals advising on tax expatriation cases in the United States have been anxiously awaiting final regulations for more than a decade. See previous post in 2014 –Proposal to US Treasury and IRS: Await Final Regulations on “Covered Gifts” and “Covered Bequests” See also a 2014 pos...
(IRS) to counter tax evasion in the US. HSBC is committed to being fully FATCA compliant in all countries and territories where we operate, in accordance with the legislative timeline. This means that HSBC may need to provide information on US accounts to the United States tax authority, the...
The CRS is a global standard for the automatic exchange of financial information between jurisdictions. The OECD introduced the CRS in order to combat tax evasion and to improve cross-border tax compliance. Generally, it came into effect for early adopter jurisdictions on 01 January 2016 and in ...
For the conduction of audits, determining tax evasion, ordering penalties, etc., tax procedure laws have been established. Because of tax procedure law, it will become easier for the UAE’s government to review the tax proceedings of the companies. This law provides an outline to the people ...
(IRS) to counter tax evasion in the US. HSBC is committed to being fully FATCA compliant in all countries and territories where we operate, in accordance with the legislative timeline. This means that HSBC may need to provide information on US accounts to the United States tax authority, the...
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The United States is losing approximately $1 trillion in unpaid taxes every year, Charles Rettig, the Internal Revenue Service commissioner, estimated on Tuesday, arguing that the agency lacks the resources to catch tax cheats. …Most of the unpaid taxes are the result of evasion by the wealthy...
Explores whether TIEAs inhibit offshore tax evasion and other global financial crimes Provides policy strategies for governments to deal a blow to international terrorism by cutting off their financial ties to secret bank accounts in tax havens Contributes to both policy and academic debate surrounding...