Tax Avoidance and Tax Evasion

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

Celebrity Tax Evaders

Celebrity Tax Evaders

Tax avoidance has been a hot topic since the G20 summit. Many different governments have come out making statements on their revitalized stance against tax crime. Surprisingly, criminals are not always the stereotypical businessmen, many celebrities have been caught for committing tax fraud. Martha Stewart The first on our list was certainly the most shocking … Read more

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HMRC expert quits after tax avoidance scandal

HMRC expert quits after tax avoidance scandal

David Heaton has resigned from his post as an HM Revenue and Customs (HMRC) tax adviser after appearing on the BBC’s Panorama TV programme Tax, Lies and Videotape – part of a joint effort with Private Eye. In the documentary, aired on September the 16th, Mr. Heaton is seen expounding the advantages of careful and … Read more

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Private Banks Feel Heat In Financial Crime Crack Down

The battle to combat money launderers and fraudsters has turned away from the law to turning the legal screws on private wealth managers and banks. Governments seem to have given up chasing crooks and seem to concentrate instead on controlling how the organisations that manage their wealth do business because they are easier targets. The … Read more

Austria Back Tracks On Sharing Tax Secrets

Austria Back Tracks On Sharing Tax Secrets

Another bastion of banking secrecy has fallen as Austria has backtracked on previous refusals to sign up to agreements to swap tax information with other governments. The country’s Chancellor, Werner Faymann, says he will begin talks with the US to implement its Foreign Account Tax Compliance Act (FATCA) and join several other European countries, including … Read more

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HMRC’s Fight Against Tax Dodgers Falls Flat

HMRC’s Fight Against Tax Dodgers Falls Flat

The British taxman’s attempt to tackle tax evaders with a rule of fear seems to have backfired. An official report reveals HM Revenue and Customs has failed to reach modest prosecution targets over the past two years and will fail to hit them if the current trend continues for future years. This is despite a … Read more

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British Wealth Managers Turn Away Wealthy Americans

British Wealth Managers Turn Away Wealthy Americans

Rich Americans can no longer find financial sanctuary with British wealth managers, who are turning them away because of new tax laws. The Foreign Account Tax Compliance Act (FATCA) is at the root of the problem. The new tax law that really begins to bite from January 2014 requires all American citizens to report foreign … Read more

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170 Countries Queue Up For Leaked Tax Cheat Info

170 Countries Queue Up For Leaked Tax Cheat Info

A major data leak revealing the offshore banking details of thousands of tax dodgers from 170 countries to the US, UK and Australia could be handed out to other nations for investigations. Tax administrators from the governments of 45 countries recently met up in Moscow and heard how three tax authorities had been handed the … Read more

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Companies To Feel Squeeze From International Tax Shake-Up

Companies To Feel Squeeze From International Tax Shake-Up

A bid to make tax evasion more difficult for rich people and corporations has taken a massive step forward as a slew of countries have signed up to a tax information sharing agreement. Growing numbers of countries are signing up to the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters with 44 countries … Read more

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