2nd November 2016
Thirteen port and customs officials were charged on Wednesday with stealing cargo containers and aiding tax evasion on freight at Kenya’s Mombasa port, part of a drive to clamp down on corruption and boost efficiency at the hub. Mombasa acts as a trade gateway for much of East Africa. But… Read More
David Chenkin of US-based lawfirm Zeichner Ellman & Krause speaks to Tom Devlin about his work. Read More
28th October 2016
 An audit into the goings-on at the Zimbabwe Revenue Authority (Zimra) has exposed massive corruption, fraud, poor corporate governance and tax evasion scandals within the authority with shocking revelations that Treasury was prejudiced of more than US$20 million. According to the audit report compiled by local firm HLB Chartered Accountants… Read More
27th October 2016
A New York lawyer has been criminally charged with failing to report to the Internal Revenue Service more than $3 million of fee income from tax shelter and other transactions he handled at the law firm Herrick Feinstein, where he led the tax practice. According to an indictment made public… Read More
26th October 2016
Don’t behave like Vijay Mallya, Delhi High Court told controversial meat exporter Moin Qureshi on Wednesday directing him to return to India by mid-November and appear before the Enforcement Directorate for questioning in a money laundering case against him. “Do not behave in a fashion Vijay Mallya did,” Justice A K Pathak said as… Read More
24th October 2016
Three Kent men including accountant Aquil Ahmed have been jailed after a two-and-a-half year payroll fraud that saw them steal £6.9m of UK taxes Ahmed, 60, conspired with construction services director Victor Shearer, 43, and payroll administrator Christopher Azzopardi, 37, to take VAT, Income Tax, National Insurance Contributions and Construction… Read More
24th October 2016
As the imminent lockdown of the federal capital by Pakistan Tehreek-i-Pakistan is looming large, the ruling Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP) have stepped up their rhetoric against PTI chief Imran Khan. A member of the federal cabinet on Sunday levelled allegation of money… Read More
21st October 2016
The tax fraud trial of Guy Wildenstein, the billionaire international art dealer, ended here Thursday night and a prosecutor asked the tribunal of judges hearing the case to sentence Mr. Wildenstein to two years in prison on charges that he helped shield a vast art collection… Read More
20th October 2016
The European Economic and Social Committee (EESC), an EU advisory body made up of workers’ and employers’ organisations, has heavily criticised the EU’s recently published list of high-risk third countries subject to enhanced due diligence measures in relation to anti-money laundering (AML) The EESC says the list does not include many of the… Read More
19th October 2016
The great expectations of bringing back wealthy Indonesians’ funds from overseas under the tax amnesty have hit a snag, with many declaring their assets in the program, but with little repatriation. As of Tuesday evening, Rp 143 trillion (US$11.01 billion) have been repatriated under the amnesty, a fraction of the… Read More