Messi appeal against Spanish tax fraud sentence set for April
Argentinian football star Lionel Messi will appear in court in Spain next month to appeal the 21-month prison sentence he was handed for tax evasion last year.
Tax Evasion
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Fresh HMRC attack on tax evasion should ‘start with amnesty’
HM Revenue & Customs must issue one final amnesty for tax evaders to come clean about their financial affairs as part of a “concerted attack”, a leading tax firm expert has said.
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Canada taxman denies amnesty as more IoM schemes uncovered
The Canada Revenue Agency (CRA) has denied it is offering an amnesty to citizens using offshore company structures to avoid paying tax, adding that it is investigating a number of schemes it has uncovered on the Isle of Man.
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IoM says no to making beneficial ownership data public
The Isle of Man government has said it will not be forced to create a public register on the beneficial ownership of offshore companies until it becomes the “international norm” amid mounting pressure from UK politicians.
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Spanish princess’s husband gets six years over €6m tax fraud
The brother-in-law of King Felipe VI of Spain has been sentenced to six years in prison and fined more than €500,000 (£426,565, $530,810) after being found guilty of charges including embezzlement, fraud and tax evasion.
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Over 90 countries ‘screened’ for EU tax haven blacklist
The European Union has written to more than 90 countries warning them that they are being “screened” and may appear in a planned “blacklist” of tax havens.
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Spain targets HNWs over tax evasion as data-sharing goes live
Spain has announced new measures to crack down on tax fraud by wealthy individuals, as the country becomes one of the early adopters of the ‘automatic exchange of information’ regime.
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IRS trawls for US tax evaders in Panama firm probe
A federal court in the US state of Montana has authorised the Internal Revenue Service (IRS) to serve a ‘John Doe’ summons in a bid to uncover details of US taxpayers who may hold offshore accounts established by a Panama firm to evade paying tax.
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Green EU politicians name 140 firms in hitlist of ‘tax dodgers’
Cross border financial services provider STM was among a list of 140 firms accused of helping wealthy individuals avoid paying tax on a large scale, according to a new report by the Tax Justice Campaign, run by Green Party politicians in the European Parliament.
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UK to crackdown on managers responsible for corporate crime
The UK government is to toughen laws governing fraudulent or dishonest activity by financial services companies to make it easier to successfully prosecute criminal offences such as fraud, money laundering and false accounting.
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Top HMRC criminal cases of 2016
HM Revenue & Customs (HMRC) has revealed its 10 most significant fraud and organised crime cases of 2016. In the ongoing fight against tax evasion, HMRC prosecuted a range of tax fraudsters leading to 679 individuals being convicted for their part in tax crimes, with sentences for 2016 totalling more than 730 years.
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EU eyes tax evasion law amid ‘Football Leaks’ scandal
The European Commission is set to unveil a new law next year aimed at fighting tax evasion following media reports accusing football stars of using tax havens to hide millions of euros in earnings.