French actor Isabelle Adjani found guilty of tax evasion

[ad_1] Award-winning actress Isabelle Adjani, who did not attend her trial in Paris due to “acute illness”, received a €250,000 fine and two-year suspended sentence for tax evasion. ADVERTISEMENT Isabelle…

Swiss Banking Secrecy Is Gone. Shell Companies Might Be Next

[ad_1] For the global wealthy with money to hide, it has long been helpful to have a Swiss company at your side. One with a nameplate, a letter-box, and no…

Airbnb to pay €567 million to settle Italian tax probe

[ad_1] The online rental platform said it will not seek to recover any of the sum from its hosts. ADVERTISEMENT Airbnb will pay €576 million to settle a dispute with…

South Africa and Nigeria graylisted for money laundering

[ad_1] The gray listing of Africa’s leading economies—South Africa and Nigeria—by global anti-money laundering and terrorism financing watchdog, Financial Action Task Force (FATF), is expected to present far-reaching setbacks to…

Switzerland Set to Extend Sharing of Banking Information

[ad_1] Switzerland has increased the number of countries with which it is sharing information on financial assets, as part of the country’s international obligations to combat tax evasion. Swiss authorities…

Airbnb’s Italian Job: Seizure of $835.5 million sparks tax evasion storm

[ad_1] An Italian judge has issued an order to seize $835.5 million from the short-term rental giant Airbnb on the grounds of alleged tax evasion. This move comes as prosecutors…

Two Johor company directors claim trial for failing to submit company, personal tax returns

[ad_1] JOHOR BARU, Oct 25 — A 41-year-old logistics company director was charged in the Magistrate’s Court here today for failing to submit his company’s tax assessment return for two…

Billionaire tax needed to tackle inequalities, says EU research group

[ad_1] A global minimum tax on billionaires equal to 2% of their wealth could raise close to $250 billion (around €235.6 billion), the EU Tax Observatory estimated in a report…

Black market, smuggling cost Pakistan’s economy $23 bn annually: Report

[ad_1] Illegal activities such as black market currency trade, gold smuggling, and oil smuggling among others are costing Pakistan’s economy a whopping USD 23 billion per year, according to a…