All tax evasion articles

  • Swiss Life

    Swiss Life to pay $77.4M for tax evasion scheme


    Swiss Life Holding and three of its subsidiaries entered a deferred prosecution agreement with the Justice Department and will pay $77.4 million for conspiring with U.S. taxpayers to conceal more than $1.4 billion in offshore insurance policies.

  • MoneyFine

    Bank Hapoalim’s bad day: $904M in tax evasion, FIFA fines


    Israel’s largest bank and its Swiss subsidiary will pay a total of $904 million in separate DOJ settlements related to (1) a massive tax-evasion scheme and (2) its role in a money-laundering conspiracy with FIFA.

  • Panama Papers

    Accountant pleads guilty in DOJ Panama Papers probe


    A U.S-based accountant who was charged alongside three others for their alleged roles in a decades-long criminal scheme perpetrated by Panama-headquartered law firm Mossack Fonseca and related entities has pleaded guilty.

  • SoccerWhistleEuro

    Fictitious soccer players at center of money laundering scheme


    Europol, the European Union’s law enforcement agency, announced it has uncovered more than €10 million (U.S. $11 million) from fictitious soccer player transfers in a money laundering and tax evasion scheme.

  • Article

    Google to pay $1B to resolve French tax disputes


    Google will pay $1 billion in penalties and back taxes, putting to an end a pair of investigations in France into whether the tech giant properly declared the full extent of its activities in the country.

  • HeadInSand

    Swiss bank ignores compliance officer; pays $10.7M for tax evasion


    A Swiss-based private bank reached a $10.7 million settlement and entered into a non-prosecution agreement with the U.S. Department of Justice for committing tax evasion after recommendations made by its compliance officer went ignored.

  • Blog

    European Commission hopes Paradise leaks ‘create political momentum’


    The European Commission yesterday reiterated its commitment to fight against tax evasion, following the Paradise Papers leak.

  • Blog

    Paradise Papers: The sequel to the Panama Papers


    Dubbed the Paradise Papers, more than 381 journalists in 67 countries embarked on an effort of massive proportions to parse through 13.4 million leaked documents—many that mention some of the world's largest companies—revealing that the shady world of shell companies, offshore tax shelters, and secret trusts is far more prevalent ...

  • Article

    Preparing for the U.K. Criminal Finances Act


    A new law holds that companies active in the U.K. could be subject to U.K. criminal proceedings if an employee anywhere in the world facilitates tax evasion.

  • Blog

    Theresa May: Champion of the workers, poor, and oppressed?


    Paul Hodgson provides an in-depth look at Conservative Prime Minister Theresa May’s comments during the Conservative Party conference this month and what they mean for Britain’s future.

  • MossackFonseca_1

    Panama Papers: Mossack Fonseca linked to offshore deals in Africa


    A new round of investigations on the Panama Papers conducted by the International Consortium of Investigative Journalists (ICIJ) this week revealed that Panama-headquartered law firm Mossack Fonseca established offshore companies to own, hold, or do business with petroleum, natural gas, and mining operations in 44 of Africa’s 54 countries—many of ...

  • Blog

    EU tackles tax abuse in the wake of Panama Papers


    The Panama Papers document leak shed much light on a deep and pervasive effort to evade taxes. Since then, the European Union has passed a number of new rules to improve tax transparency and close tax loopholes. According to CW’s Paul Hodgson, the EU is only just getting started.

  • Blog

    French tax authorities seek €356 million from


    French tax authorities are seeking €356 million (approximately US$404 million) from, a unit of online hotel reservation company Priceline Group, to recover what they claim are unpaid income taxes and value-added taxes, the company disclosed in a quarterly report.

  • TaxEvasion

    OECD: More countries commit to tackle tax evasion


    The Organization for Economic Cooperation and Development and the Global Forum on Transparency and Exchange of Information for Tax Purposes has announced that Bahrain, Lebanon, Nauru, Panama, and Vanuatu are now committed to sharing financial account information automatically with other countries. Jaclyn Jaeger has more.

  • Blog

    Tax Evasion Problems at VW “Not Small”


    German investigators have launched a new criminal probe into Volkswagen (VW) in light of the automaker’s recent emissions scandal. Prosecutors are examining five suspects who might be involved in this investigation.An Irish Times report said that prosecutors in Braunschweig are now investigating tax evasion allegations at the scandal-ridden German automaker. ...

  • Blog

    Third Parties Face Penalties Over ‘Deliberate Tax Evasion’ Scheme


    An investigation into third parties by the Revenue Commissioners of Ireland revealed that some companies were deliberately dodging tax laws by submitting incomplete and doctored disclosures to avoid penalties. According to a report by the comptroller and auditor general, tighter regulations are necessary to help crack down on tax evasion ...