Millions Recovered in Tax Evasion Probe
According to Dutch officials, a British national and her Dutch husband were recently arrested following a tax evasion probe, with millions of euros recovered in the process.
Crystal worldwide Blog
Trump’s Tax Reform Plan: What You Should Know
Late last month, President Trump announced a new tax plan that would radically reorder the entire American tax code. A skeleton outline of the plan was unveiled at the White House in a single-page statement.
Has Theresa May Killed Tax Haven Reform?
The UK has been attracting quite a bit of scrutiny of tax havens lately, particularly in regards to its overseas territories. The British Virgin Islands was actually the most frequently exploited tax haven in the now-infamous Panama Papers, with well over half of all corporate entities named in the papers registered there.
Canadian Businesses Pull Funds from Tax Havens
Numbers released by Statistics Canada reveal that Canadian businesses are increasingly moving to pull their funds from tax havens. The move marks the end of a five-year period in which Canadian businesses had billions stashed in the 10 most popular tax havens, which are defined as low-tax or no-tax countries.
Did a Trump Aide Launder Money from an Offshore Account?
Documents released last year reveal that former Trump aide Paul Manafort from the party of Ukraine’s Kremlin-backed former President, the Party of Regions, reportedly worked for Russian-leaning political organizations in the Ukraine for well over ten years before taking the help of Trump’s presidential campaign in the summer of 2016.
What We’ve Learned a Year after the Panama Papers
One year ago this month, a staggering 11.5 million documents known as the Panama Papers were leaked, igniting a global debate around tax havens.
SFCT to Investigate Offshore Tax Evasion
The Australian government announced late last month that is has identified over 340 people that have unnamed Swiss bank accounts and allegedly have business relationships with Swiss banking officials known to have actively endorsed and enabled tax evasion and avoidance structures.
Credit Suisse Caught in Major Global Tax Evasion Investigation
Credit Suisse, Switzerland’s second largest bank, has recently found itself right in the middle of a major international tax evasion case.
Global Investment Moving Through Tax Havens Is Rapidly Rising
According to the analysis conducted by ActionAid, the share of global investment moving through tax havens has increased – to the tune of about $700 billion in just two years.
EU Attempting to Develop a Common List of Tax Havens
In February, EU member states sent letters to more than 92 countries notifying them that they now will be screened to determine if they should be included on a new blacklist of tax havens.