Tax & Regulation
Tax & Regulation | 2 Jun 17
Complex financial crime key driver of rising compliance costs
More complex financial crime and a growing regulatory burden have together been the driving force behind rising compliance costs within the financial services industry, a recent survey has revealed.
North America | 2 Jun 17
Canadian taxman to net $9.6bn in evasion clampdown
The Canada Revenue Agency (CRA) is on track to capture more than C$13bn (£7.5bn, $9.6bn, €8.6bn) in taxes owed after committing “important resources” to crack down on tax cheats, both at home and abroad, the country’s taxman has confirmed.
Tax scam mastermind who duped Crocodile Dundee star arrested
The man at the centre of Australia’s biggest ever tax evasion scandal that ensnared Crocodile Dundee actor Paul Hogan is understood to have been arrested in Italy.
Tax & Regulation | 1 Jun 17
Film scheme for the stars loses £700m tax avoidance case
A film scheme that counted David Beckham, Wayne Rooney and Gary Lineker among its investors has lost a court challenge on a technical point linked to First Tier Tax Tribunal decision which had resulted in an extra £700m ($899m, €802m) tax bill.
North America | 1 Jun 17
US pensioner guilty of tax fraud via Panama and Delaware
A 73-year-old woman from Texas has pleaded guilty to conspiring to defraud the US by using accounts in Delaware and Panama to conceal more than $1.3m (£1m, €1.16m) in royalty income she earned from oil wells.