Featured Tax Evasion

Prominent art dealer sentenced to prison for tax fraud

AP — A prominent New York City art dealer once accused by Alec Baldwin of fraud was sentenced to 2½ years in prison Thursday for evading over $3 million in federal taxes, a crime that left her rejected in some art circles and saying she feels… Read More

EU smaller states say no to end of veto on tax reforms

Finance ministers from smaller European Union states on Tuesday opposed a plan to limit governments’ power to block EU reforms on tax matters, in a move that further reduces the chances of introducing an EU levy on large digital firms. EU countries with smaller populations have for years blocked efforts… Read More

Europe: Drug dealers used Hawala, gold laundering to move millions monthly

Police in France and Italy have swooped in on suspected members of a gang that operated a ‘complex’ network which involved moving dirty cash to Algeria from Europe. The criminal cash flows are estimated at €5 to €7 million per month. “Money originating mainly from drug trafficking and tax evasion… Read More
12th February 2019
An art dealer who made over a million dollars when he sold a painting and set up a scheme to avoid paying tax on it has been jailed. New Jersey-based Brian Gimelson made more than $1.2 million over the sale of a purportedly original painting by the Italian painter Michelangelo… Read More
7th February 2019
An amnesty designed to encourage the return of capital to Russia by allowing citizens living abroad to return to the country without facing tax or other penalties could be extended by a year, Russian President Vladimir Putin said on Wednesday. Speaking at a business forum in Moscow, Putin also… Read More
7th February 2019
Former Real Madrid manager Jose Mourinho has accepted a one-year prison sentence for defrauding the Spanish state of 3.3 million euros (2.8 million pounds), a Spanish court filing showed on Tuesday, although the Portuguese will not serve any jail time. The filing said the tax ministry and Mourinho’s defence team… Read More
6th February 2019
The Cayman Islands has been added onto the Netherlands new low-tax jurisdictions list, dubbed blacklist, of 21 jurisdictions considered to be tax havens, as Amsterdam looks to roll out new measures to combat tax avoidance. Companies registered in the jurisdictions on the list face paying 20.5% tax from 2021 on… Read More
30th January 2019
The European Commission has published the findings of its investigation into EU members’ citizenship and residency schemes. The probe revealed financial crime risks, such as money laundering and tax evasion, associated with the programmes. It also found that there exists a lack of transparency in how the schemes are… Read More
28th January 2019
A new list ranking tax contributions in the UK has named owners of a sportswear enterprise, gambling business and clothing retailers among the country’s estimated top ten taxpayers. Top of the list is JD Sports majority shareholder Stephen Rubin, followed by Bet365 boss Denise Coates and then Sir James… Read More
23rd January 2019
Cristiano Ronaldo has reportedly accepted a €18.8m fine and 23-month jail term over tax evasion charges in Spain. The award-winning football player is alleged to have avoided paying tax between 2010 and 2014, in a case centred around image rights deals. Ronaldo is reported to have acknowledged incidents amounting to… Read More
23rd January 2019
A former UBS (UBSG.S) banker accused of selling information about wealthy German tax evaders to German authorities was convicted of economic espionage by a Swiss court on Monday. Rene S., as the 45-year-old ex-banker was called during court proceedings, was sentenced to 40 months in prison and must pay fines… Read More
18th January 2019
The United Kingdom’s tax authority HM Revenue and Customs (HMRC) has published a list of its top cases of 2018, which features money launderers, smugglers and a globe-trotting tax fugitive. HMRC said its fraud investigations have led to 671 individuals being convicted in over the last 12 months for their… Read More
18th January 2019
A 92-year-old woman who defrauded the Belgian tax authorities of millions of euros over many decades was spared jail on Wednesday but must pay over 4 million euros in fines and back taxes. Branded by prosecutors as “maniacal” about managing her money, the woman named only as Betty W., won… Read More