tax evasion

Hunter Biden Asks Court to Junk $1.4 Million Tax Evasion Case as Politically Motivated, But Judge Appears Skeptical

A federal judge seemed unconvinced on Hunter Biden's lawyers' arguments that his tax evasion case should be dismissed because it is politically motivated.

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IRS Launches Crackdown on High-Income Earners for Tax Evasion—Are You Included?

The IRS is intensifying efforts to combat tax evasion among high-income earners, focusing on those reporting over $1 million in annual income and $250,000 or more in tax debt. Here's how to know if you're one of them.

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Ford to Pay $365 Million to Settle US Import Tariff Evasion Case

Ford Motor has agreed to pay $365 million to settle the US government's allegations that it violated a federal tariff law.

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IRS to Go After 125,000 High-Earning Americans Who Did Not File Tax Returns Going Back to 2017

To improve tax compliance and ensure fairness, the Internal Revenue Service (IRS) is going after 125,000 people who earned over $400,000 annually but did not file tax returns between 2017 and 2021.

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Hunter Biden Enters Not Guilty Plea on Tax Evasion Charges After Deal Falls Apart

Hunter Biden Enters Not Guilty Plea on Tax Evasion Charges After Deal Falls Apart

Hunter Biden, the son of President Joe Biden, has entered a not guilty plea to nine felony and misdemeanor tax charges during his initial appearance in a California courtroom.

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Canada’s RBC Denied Facilitating Tax Evasion in Connection to Panama Papers Leak

The Royal Bank of Canada has released an official statement, explaining that the bank is not guilty for any illegal activities including tax evasion in connection to shell company set up as mentioned in leaked papers from Panama’s Mossack Fonseca. The bank claimed to have high standards to ensure clients would not use its services to evade tax.

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Draft of EU Anti-Tax Evasion Law is Under Pressure after Panama Leaks

Advocacy groups heavily criticized the draft as it allows company to hide their activities. Meanwhile, Iceland Prime Minister has resigned following protest over Panama leaks.

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Panama Papers: Ukrainian President Poroshenko Denied Accusations of Tax Evasion

The Panama Papers documents leak suggest that Ukrainian President Petro Poroshenko might be using an offshore company to evade tax. However, the president has denied such accusations, saying that he has not been managing the assets since he became president in 2014.

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US Treasury norms clamp merger plan of Pfizer for Allergan

The $160-billion merger plan of Pfizer Inc and Allergan Plc is heading towards termination owing to new measures announced by the US Treasury Department which has been taking measures to curb malpractices by US companies in tax evasion by merging with foreign firms.

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HSBC says Swiss scandal has brought 'shame' on bank

HSBC (HSBA.L) reported a 17 percent fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.

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RJ Lane sues Deutsche Bank, BDO Seidman for fraudulent tax shelter

RJ Lane filed a case against Deutsche Bank, BDO Seidman and a former partner of BDO Seidman over claims that they formed a fraudulent tax shelter that caused him losses, Bloomberg reported.

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US and Swiss governments agree on step closer to removal of secrecy laws

The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.

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Private banks exit Switzerland, assets dropped to CHF870.7 billion

A decrease in foreign-owned Swiss banks continue due to investors withdrawal of their money and taxes that were not paid accordingly.

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Mayors: Cap on municipal bond would hinder growth

The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.

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Barclays Under Investigation by German Tax Authorities

Barclays is under investigation by German tax authorities for possible tax evasion according to German newspaper.

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