Former French budget minister Jerome Cahuzac was sentenced to two years in prison in May on tax fraud charges. Cahuzac, a 65-year-old former cosmetic surgeon, served as the budget minister under former French president Francois Hollande between 2012 and 2013.
The Australian Treasury delivered tax cuts to the country’s lower- and middle-income earners in early May.
McDonald’s is stepping up its efforts to evade global taxes with its post-Brexit decision to move its headquarters to the UK, according to a new report released by a group of US and European trade unions.
In an attempt to address a mounting housing crisis and the skyrocketing cost of living, Seattle city leaders unveiled in May a plan to charge large employers for every employee they have in the city, known as “the head tax.”
In early May, the UK government announced new moves to crack down on offshore tax evasion. Specifically, the government will require its overseas territories, including the British Virgin Islands and the Cayman Islands, to make secretive company ownership information public within the next two years as part of the Sanctions and Anti-Money Laundering Bill.
Analysis conducted by Pinsent Masons released last month showed that prison sentences for tax fraud in the UK have risen significantly in recent years. Tax fraud refers to a variety of tax-related offenses, including evasion of tax, VAT and excise duty, as well as customs duty fraud.
The UK government is on the brink of striking an agreement with major online marketplaces eBay and Amazon that will give the British tax agency, HM Revenue & Customs (HMRC), access to their data.
A good chunk of the 9 million Americans living overseas could face a bigger tax bill as a result of a clause in Trump’s tax bill, passed late last year.
Trump’s tax cuts are anticipated to help the average American family put more money in the bank – but they come with a big price tag for the U.S. government.
The EU Parliament voted to launch a tax inquiry into financial crime, tax avoidance, and tax evasion in early February, reportedly in response to revelations in the Paradise Papers.