HMRC taskforce targets wealthy Northern Ireland tax evaders
HM Revenue & Customs has set up a new taskforce to tackle tax evasion by wealthy individuals in Northern Ireland.
Tax Evasion
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Julius Baer to pay $350m for US tax evasion
Swiss bank Julius Baer has set aside $350m to settle tax evasion allegations with US tax authorities, significantly reducing the time accountholders have to voluntarily disclose their details at a reduced penalty.
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Blacklisted nations slam EU over ‘unacceptable’ tax haven register
The Organisation for Economic Cooperation and Development (OECD) has spearheaded complaints from a host of countries disputing their “arbitrary” inclusion on a list of tax havens released by the European Commission last week.
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HMRC tax evasion property raids rise by a fifth
The number of raids on premises carried out by HM Revenue & Customs during investigations into tax evasion has increased by nearly 20% from 500 in 2013/14 to 593 last year.
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Ex-lovers and colleagues fuel rise in tax whistleblowing
Experts have said that a 50% leap in payments by HM Revenue & Customers to tax informants could be driven by ousted spouses and angry ex-colleagues
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Tax evader crackdown by HMRC widens to smaller cases
A sharp fall in the average length of custodial sentences given to criminal tax evaders is a clear signal that HM Revenue & Customs is increasingly targeting smaller cases, according to research by Pinsent Masons.
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Confidentiality concerns grow pre-global tax evasion crackdown
Governments and tax partners need to work to ensure confidentiality is protected when new international tax transparency rules come into force in 2017, according to OECD director, Pascal Saint-Amans.
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HMRC non-dom crackdown set to increase under new government
HM Revenue & Customs’ increasing scrutiny of internationally-mobile high net worth individuals is likely to continue under the new Conservative government, say law firm RPC.
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HSBC considers moving HQ outside UK
Banking giant, HSBC, is proposing to move its headquarters outside of the UK following regulatory reforms in the industry introduced after the financial crisis.
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HMRC sees fall in tax evasion info requests to
HM Revenue & Customs contacted foreign governments on 490 separate occasions in one year as it sought information on suspected tax evasion, a drop of 150 information requests compared to the previous year.
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Coutts probed over client tax evasion allegations
Coutts & Co is under investigation by a German prosecutor regarding allegations of assisting client tax evasion.
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MP pledges new corporate tax evasion law
Companies should be fined for assisting tax evasion, the UK’s chief secretary to the Treasury has said.