Tax Avoidance and Tax Evasion

The list below is a collection of articles that refer to, mention or discuss Tax Avoidance and Tax Evasion.

Judge Kicks Out FATCA Challenge From US Banks

The Foreign Account Tax Compliance Act (FATCA) took another giant leap forward towards enforcement from July 1 after a US Federal Judge rejected a law suit calling for a repeal of the act. FATCA is a global network of agreements between the US Treasury and foreign governments and financial institutions to report the financial holdings … Read more

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FATCA is here to stay despite the doubters

Despite more nations signing up to the US Foreign Account Tax Compliance Act (FATCA) and reams of guidance issued to financial institutions, some doubters still suggest the law will not go ahead as planned. The US government has already pushed the start of FATCA back six months, but is steadily rolling online registration and instructions … Read more

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Pacific Paradise That Is Awash With Secret Cash

Investigative journalists have traced hundreds of millions of pounds of secret cash stashed in trusts on a string of tiny Pacific Islands. The reporters allege the Cook Islands are one of the few remaining tax havens where fraudsters and financiers can hide their money. The 15 small islands with a land area of just over 90 … Read more

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Berlusconi expelled from Italian senate over tax fraud

Berlusconi expelled from Italian senate over tax fraud

Justice seems to be catching up with Italy’s most controversial – and yet one of the most popular – politicians in the country’s history. Former Prime Minister Silvio Berlusconi has been ejected from Italy’s senate after a successful conviction for tax fraud. His seat was stripped after a vote of 192 to 113, with two … Read more

Did Apple hide EUR 1 billion from the Italian taxman?

Did Apple hide EUR 1 billion from the Italian taxman?

In the world’s ongoing war against corporate tax evasion, Apple is now under investigation from the Italian judiciary, for alleged fraudulent tax returns of over EUR 1 billion of income. Italy has so far led multiple such cases against corporations active within its borders – culminating in the Italian fashion house designers of Dolce & … Read more

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Nazi art loot expands; public patience ends

Nazi art loot expands; public patience ends

The world continues to watch enthralled as new discoveries are added to the treasure trove of art purloined during the Nazi regime. In another twist of fate, it has transpired that German officials first found the loot in March 2012 – over a year and a half ago – and blame the delay on appropriating … Read more

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Head of Sainsbury Discusses the Importance of Tax

Head of Sainsbury Discusses the Importance of Tax

Justin King, Sainsbury executive, has voiced concerns against businesses who do not believe that tax obligations are also moral obligations. King spoke at the annual CBI conference, on the Buisness Trust Under the Spotlight panel, explaining his belief that tax is a necessary component in a successful economy. As the general public commonly understands the … Read more

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I’m No Tax Exile, Explains Richard Branson

I’m No Tax Exile, Explains Richard Branson

Billionaire Richard Branson has not ditched rain-drenched Britain for tax reasons but for his love of the sun-soaked British Virgin Islands, he explains in a blog. Branson lives on the otherwise uninhabited Necker Island, which he bought 34 years ago. Seven years ago, Branson and his family moved there full time. He says not to … Read more

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