Tag #Tax Evasion

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smh.com.au

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Aug 11, 01:16

Australian Businessman Fined, Banned After Company's $800 Million Share Crash

Australian businessman Nickolas "John" Karantzis was fined $1 million and banned from being a company director for six years, while his former company, iSignthis, received a $10 million penalty for breaching disclosure laws following a major share price crash and investigations into his business pra...

Australian Businessman Fined, Banned After Company's $800 Million Share Crash

Australian businessman Nickolas "John" Karantzis was fined $1 million and banned from being a company director for six years, while his former company, iSignthis, received a $10 million penalty for breaching disclosure laws following a major share price crash and investigations into his business pra...

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What are the immediate consequences of Karantzis's actions for the Australian corporate regulatory landscape?

John" Karantzis, a former Australian businessman, was fined $1 million and banned from being a company director for six years due to his disregard for corporate regulations and posing a risk to the public. His former company, iSignthis, was also fined $10 million for breaching disclosure laws. This follows a significant share price crash and subsequent investigations by corporate regulators.

elmundo.es

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Aug 6, 01:17

Juan Carlos I Fully Repays €4 Million in Tax Debts"

Former Spanish King Juan Carlos I has fully repaid over €4 million in tax debts through loans from businessmen, settling liabilities stemming from undisclosed travel expenses and gifts, raising concerns about financial transparency despite the resolution.

Juan Carlos I Fully Repays €4 Million in Tax Debts"

Former Spanish King Juan Carlos I has fully repaid over €4 million in tax debts through loans from businessmen, settling liabilities stemming from undisclosed travel expenses and gifts, raising concerns about financial transparency despite the resolution.

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What was the total amount repaid by Juan Carlos I to settle his tax debts, and how did he obtain the funds?

Juan Carlos I has fully repaid the loans he obtained from businessmen to settle his tax debts with the Spanish Treasury. He returned over €4 million, generated through income from his residency in the United Arab Emirates, including proceeds from documentary rights and commercial intermediation.",

dw.com

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Aug 5, 10:19

Germany's Shadow Economy Surges to Record High

Germany's shadow economy reached €482 billion in 2024, a record high exceeding the federal budget, driven by high taxes, poor public services, and increased social benefits, with economist Friedrich Schneider predicting further growth to €511 billion in 2025.

Germany's Shadow Economy Surges to Record High

Germany's shadow economy reached €482 billion in 2024, a record high exceeding the federal budget, driven by high taxes, poor public services, and increased social benefits, with economist Friedrich Schneider predicting further growth to €511 billion in 2025.

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Decent Work and Economic Growth

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How do factors like increased social benefits and perceived inadequacy of public services contribute to the rise in unreported economic activity in Germany?

The rise in Germany's shadow economy reflects a growing disconnect between high taxes and the perceived quality of public services. Citizens feel they receive insufficient value for their tax contributions, leading to decreased tax compliance and a rise in unreported work, exemplified by activities like private tutoring or unlicensed home renovations. This trend is exacerbated by economic downturns, as individuals seek supplementary income.

smh.com.au

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Jul 30, 10:15

ATO to Review \$954,000 Tax Penalty Write-off for Keating-Linked Company

The Australian Tax Office (ATO) will review its 2015 decision to waive \$954,000 in penalties and interest owed by a company owned by former Prime Minister Paul Keating, following an ABC report questioning the decision's unusual nature and prompting an investigation into whether correct processes we...

ATO to Review \$954,000 Tax Penalty Write-off for Keating-Linked Company

The Australian Tax Office (ATO) will review its 2015 decision to waive \$954,000 in penalties and interest owed by a company owned by former Prime Minister Paul Keating, following an ABC report questioning the decision's unusual nature and prompting an investigation into whether correct processes we...

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What were the specific circumstances surrounding the initial tax debt and the subsequent request for penalty and interest remission?

The ATO's review is a response to public scrutiny and concerns about potential favoritism towards high-profile taxpayers. The 2015 decision to remit the penalties and interest, totaling \$954,000, was related to unreported profits from a share sale by Brenlex, a company owned by Keating. The review will assess whether the ATO's established procedures for remitting general interest charges (GIC) were correctly applied in this instance.

dw.com

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Jul 27, 10:11

Booming Shadow Economy Overshadows Germany's Economic Slowdown

Germany's shadow economy, also known as the 'gölge ekonomi', reached €482 billion in 2024, exceeding the federal budget and representing an 11%+ increase year-over-year, driven by declining public trust in government spending and increased unemployment.

Booming Shadow Economy Overshadows Germany's Economic Slowdown

Germany's shadow economy, also known as the 'gölge ekonomi', reached €482 billion in 2024, exceeding the federal budget and representing an 11%+ increase year-over-year, driven by declining public trust in government spending and increased unemployment.

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Decent Work and Economic Growth

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How does the significant growth of Germany's shadow economy impact the country's economic outlook and government finances?

Germany's shrinking economy, projected to see limited growth in 2025, is overshadowed by a booming shadow economy. This underground activity, exceeding €482 billion in 2024 (surpassing the federal budget), increased by over 11% in a single year.

dailymail.co.uk

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Jul 26, 13:12

£1.2 Million VAT Fraudster Jailed After Lavish Spending Spree

Nicholas Adams, 49, of Whitchurch, was sentenced to two years in prison for a £1.2 million VAT fraud spanning January 2022 to August 2023, using the funds for a lavish lifestyle including a £19,000 birthday party and luxury stays in London and Dubai.

£1.2 Million VAT Fraudster Jailed After Lavish Spending Spree

Nicholas Adams, 49, of Whitchurch, was sentenced to two years in prison for a £1.2 million VAT fraud spanning January 2022 to August 2023, using the funds for a lavish lifestyle including a £19,000 birthday party and luxury stays in London and Dubai.

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What was the total amount of VAT fraudulently claimed by Nicholas Adams, and what specific actions did he take to spend the money?

Nicholas Adams, 49, was jailed for two years for a £1.2 million VAT fraud. He used the illicit funds for a lavish lifestyle, including a £19,000 birthday party and luxury stays at The Savoy and Atlantis hotels. The fraud involved bogus tax returns over 19 months, generating £373,706 for Adams before HMRC intervened.

forbes.com

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Aug 9, 16:16

Billionaire Under Tax Evasion Investigation Rented Property From Donald Trump

Robert Smith, a billionaire facing a massive tax-evasion investigation, rented a property from Donald Trump in Palm Beach, Florida, where his wife reported a $1.1 million diamond ring missing in September 2020; a month later, Smith signed a non-prosecution agreement, admitting to tax evasion and pay...

Billionaire Under Tax Evasion Investigation Rented Property From Donald Trump

Robert Smith, a billionaire facing a massive tax-evasion investigation, rented a property from Donald Trump in Palm Beach, Florida, where his wife reported a $1.1 million diamond ring missing in September 2020; a month later, Smith signed a non-prosecution agreement, admitting to tax evasion and pay...

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How did Robert Smith's cooperation with the Department of Justice in a related case influence the outcome of his own tax evasion case?

The Smiths' rental of Trump's property created an unusual situation, given Smith's ongoing tax evasion investigation. Smith's cooperation with authorities in a related case and his substantial wealth raise questions about the motivations behind the rental choice. The timeline suggests the rental may have lasted closer to a year than the six months claimed.

lefigaro.fr

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Aug 6, 01:17

France Increases Tax on Illicit Activities to 45%

France will raise the tax on illicit activities, like drug trafficking, from 9.2% to 45%, significantly impacting drug traffickers' finances, aiming to curb social fraud.

France Increases Tax on Illicit Activities to 45%

France will raise the tax on illicit activities, like drug trafficking, from 9.2% to 45%, significantly impacting drug traffickers' finances, aiming to curb social fraud.

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What are the broader implications of this policy change for combating social fraud in France and targeting criminal finances?

This policy change is part of a broader effort to combat social fraud and target the financial resources of criminal organizations. The increased tax rate, combined with existing 80% surcharges on income from illicit activities, seeks to substantially reduce the profitability of drug trafficking and related crimes. This impacts both large-scale traffickers and smaller-scale users, who may also face tax liabilities based on the value of drugs found in their possession.

taz.de

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Jul 31, 22:13

Ballweg Acquitted on Most Fraud Charges, Receives Suspended Sentence for Minor Tax Offenses

A German court found Michael Ballweg, leader of the Querdenken movement, not guilty of most fraud charges, sentencing him to a suspended €3,000 fine for minor tax offenses. The court deemed the movement a political, not business, entity, rejecting claims of misused donations totaling over €500,000.

Ballweg Acquitted on Most Fraud Charges, Receives Suspended Sentence for Minor Tax Offenses

A German court found Michael Ballweg, leader of the Querdenken movement, not guilty of most fraud charges, sentencing him to a suspended €3,000 fine for minor tax offenses. The court deemed the movement a political, not business, entity, rejecting claims of misused donations totaling over €500,000.

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Peace, Justice, and Strong Institutions

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What was the outcome of the trial against Michael Ballweg, and what are its immediate implications for the Querdenken movement and similar groups?

Michael Ballweg, the leader of the German Querdenken movement, was acquitted on most charges of fraud and tax evasion. A Stuttgart court sentenced him to a suspended sentence of €3,000 for two minor counts of tax evasion involving a dog bed and perfume. The court deemed it unprovable that Ballweg misused donations for personal gain.

t24.com.tr

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Jul 28, 13:17

Turkey to Intensify Fight Against Undeclared Income After Low 2024 Declarations

Turkey's Treasury and Finance Minister Mehmet Simsek revealed 2024 average monthly income declarations for various professions, ranging from 3,633 TL for male hairdressers to 157,265 TL for actors, prompting increased efforts to combat tax evasion through technological advancements and stricter enfo...

Turkey to Intensify Fight Against Undeclared Income After Low 2024 Declarations

Turkey's Treasury and Finance Minister Mehmet Simsek revealed 2024 average monthly income declarations for various professions, ranging from 3,633 TL for male hairdressers to 157,265 TL for actors, prompting increased efforts to combat tax evasion through technological advancements and stricter enfo...

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How do the reported income levels of different professions vary, and what factors might explain these differences?

The low income declarations highlight a substantial undeclared economy in Turkey. Simsek cited examples such as actors (157,265 TL), musicians (136,900 TL), and restaurants (20,329 TL), suggesting significant underreporting, especially in major cities and tourist areas. This underreporting necessitates stronger measures to increase tax revenue.

elmundo.es

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Jul 27, 04:10

Montoro Investigation Highlights Concerns Over Transparency and Taxpayer Data Misuse

The investigation into former Spanish Finance Minister Cristóbal Montoro and 27 others reveals concerns about the misuse of private taxpayer data for potential coercion and raises questions about transparency and ethical lobbying practices in the Spanish legislative process.

Montoro Investigation Highlights Concerns Over Transparency and Taxpayer Data Misuse

The investigation into former Spanish Finance Minister Cristóbal Montoro and 27 others reveals concerns about the misuse of private taxpayer data for potential coercion and raises questions about transparency and ethical lobbying practices in the Spanish legislative process.

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How does this case exemplify broader issues of lobbying and special interest influence in the Spanish legislative process?

The case highlights the ethical gray areas of lobbying and the influence of special interests in lawmaking. While private sector involvement isn't inherently bad, the blurring of lines between personal and political relationships, coupled with the lack of transparency, raises questions about fairness and equitable policy creation. The use of private taxpayer data for coercion further exacerbates these concerns.

pda.kp.ru

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Jul 25, 07:14

Russian Blogger Sentenced to Five Years for Tax Evasion

Russian blogger Elena Blinovskaya received a five-year prison sentence for tax evasion and money laundering, totaling approximately $12 million between 2019-2021; her attempts to flee to Uzbekistan and use of 18 LLCs and 3 individual entrepreneurships to conceal income were key factors in her convic...

Russian Blogger Sentenced to Five Years for Tax Evasion

Russian blogger Elena Blinovskaya received a five-year prison sentence for tax evasion and money laundering, totaling approximately $12 million between 2019-2021; her attempts to flee to Uzbekistan and use of 18 LLCs and 3 individual entrepreneurships to conceal income were key factors in her convic...

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How did Blinovskaya's business structure facilitate tax evasion, and what role did her husband play?

Blinovskaya's business involved selling "desire marathons," online psychological trainings. The scheme involved using numerous shell companies controlled by her and her husband to funnel profits and evade taxes. This case highlights the risks of sophisticated tax evasion schemes by high-profile individuals in Russia, despite the use of seemingly legitimate business structures.

Showing 25 to 36 of 159 results