More Germans Disclosing Hidden Funds

Categories: Offshore Banking, Offshore Taxation, Tax Havens, Taxation in Germany, Taxation in Switzerland

German nationals are declaring their hidden Swiss based assets in increasing numbers, after the Government disclosed its intention to purchase data on tax evaders with bank accounts in Switzerland. The German Government has reported that its latest move in the fight against tax evasion is having a positive effect, with a sharply increased number of [...]

German nationals are declaring their hidden Swiss based assets in increasing numbers, after the Government disclosed its intention to purchase data on tax evaders with bank accounts in Switzerland. The German Government has reported that its latest move in the fight against tax evasion is having a positive effect, with a sharply increased number of German nationals opting to voluntarily disclose their hidden bank accounts. Since the Government announced its intention to purchase information on 1 500 German tax evaders, an additional 3 ... Read More

NY Police Chief Jailed For Tax Fraud

Categories: Taxation in USA

Bernard Kerik, the former New York Police Commissioner, has been given a four year jail sentence after pleading guilty to eight separate felonies, including tax fraud and deceiving White House officials. The US Prosecutor’s Office revealed on February 18th that Bernard Kerik has been given jail time after hiding USD255 000 he was gifted by [...]

Bernard Kerik, the former New York Police Commissioner, has been given a four year jail sentence after pleading guilty to eight separate felonies, including tax fraud and deceiving White House officials. The US Prosecutor’s Office revealed on February 18th that Bernard Kerik has been given jail time after hiding USD255 000 he was gifted by a construction firm. It was alleged that in exchange for the gift Bernard Kerik contacted several government regulators to recommend the firm to receive government contracts; though he ... Read More

France Creates Own Tax Blacklist

Categories: International Tax Cooperation, Offshore Banking, Offshore Taxation, Tax Havens, Taxation in France

Recently released documents have revealed that the French Government has drawn up a list of 18 nations which it deems to not have adequately complied with international taxation and fiscal standards. French organizations carrying out financial transactions with any of the listed jurisdictions will be faced with significant punitive tax measures. In a document signed [...]

Recently released documents have revealed that the French Government has drawn up a list of 18 nations which it deems to not have adequately complied with international taxation and fiscal standards. French organizations carrying out financial transactions with any of the listed jurisdictions will be faced with significant punitive tax measures. In a document signed by Christine Lagarde, Economy Minister of France, and Eric Woerth, Budget Minister of France, and made public on February 16th, the Government announced that dividends, service fees, ... Read More

Cutting N. Ireland’s Tax Could Create 90000 Jobs

Categories: Taxation in UK

According to a report released by the Northern Ireland Economic Reform Group (NIERG), reducing Northern Ireland’s corporate tax rate to 12.5 percent could create 90 000 new jobs within two decades. The NIERG has claimed that the Northern Ireland Government’s current tax rate of 28 percent , and scheme of awarding grants to businesses, is [...]

According to a report released by the Northern Ireland Economic Reform Group (NIERG), reducing Northern Ireland’s corporate tax rate to 12.5 percent could create 90 000 new jobs within two decades. The NIERG has claimed that the Northern Ireland Government’s current tax rate of 28 percent , and scheme of awarding grants to businesses, is not sustainable, and needs to be changed soon in order to spurn the nation’s economic development. Projections within the report show that reducing the corporate tax ... Read More