Tag #Tax Evasion

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nrc.nl

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Jul 10, 10:13

Ancelotti Sentenced to Prison for Tax Evasion

Brazilian national football team coach Carlo Ancelotti was sentenced to one year in prison and fined over €386,000 for tax evasion during his 2014 tenure at Real Madrid, using shell companies in tax havens to receive 15% of his salary through image rights, avoiding taxes on €1.2 million in income.

Ancelotti Sentenced to Prison for Tax Evasion

Brazilian national football team coach Carlo Ancelotti was sentenced to one year in prison and fined over €386,000 for tax evasion during his 2014 tenure at Real Madrid, using shell companies in tax havens to receive 15% of his salary through image rights, avoiding taxes on €1.2 million in income.

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How did Ancelotti's use of offshore companies and image rights facilitate tax evasion, and what role did his financial advisors play?

Ancelotti's tax evasion involved channeling a portion of his salary through shell companies in the UK and the Virgin Islands, which lacked physical presence or employees. He received €1.2 million through these companies in 2014 without declaring it, resulting in an undeserved tax refund of €39,000. This sentencing highlights a pattern of similar practices within Spanish football, as suggested by Ancelotti himself, who stated that it was common practice and that other players also used this method.",

zeit.de

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Jul 8, 19:20

BGH Upholds Asset Seizure in Cum-Ex Case Against Hanno Berger

The German Federal Court of Justice confirmed the confiscation of €1.1 million from Hanno Berger, a key figure in the Cum-Ex scandal, upholding a lower court's ruling in a case that involved the transfer of proceeds to a third party not directly involved in the tax evasion scheme. The decision repre...

BGH Upholds Asset Seizure in Cum-Ex Case Against Hanno Berger

The German Federal Court of Justice confirmed the confiscation of €1.1 million from Hanno Berger, a key figure in the Cum-Ex scandal, upholding a lower court's ruling in a case that involved the transfer of proceeds to a third party not directly involved in the tax evasion scheme. The decision repre...

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How does the BGH's ruling affect the broader context of the Cum-Ex scandal and its implications for recovering stolen funds?

This ruling reinforces the legal pursuit of those involved in the Cum-Ex scandal, where billions were defrauded from the German government. The court's decision to seize assets from an indirect recipient highlights the determination to recover illicit funds, even when tracing the money involves complex transactions and multiple parties. The case underscores the lasting consequences and the wide-reaching efforts to rectify financial crimes.

elmundo.es

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Jul 8, 01:17

Spanish Court Acquits Actress Ana Duato of €1.1 Million Tax Fraud"))

Spanish actress Ana Duato was acquitted of €1.1 million tax fraud charges; the National Court ruled insufficient evidence proved she knowingly violated tax laws, despite signing fraudulent returns and authorizing a shell company, emphasizing her tax advisor's role instead.

Spanish Court Acquits Actress Ana Duato of €1.1 Million Tax Fraud"))

Spanish actress Ana Duato was acquitted of €1.1 million tax fraud charges; the National Court ruled insufficient evidence proved she knowingly violated tax laws, despite signing fraudulent returns and authorizing a shell company, emphasizing her tax advisor's role instead.

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What are the key findings of the National Court's ruling in the Ana Duato tax fraud case, and what is its significance for future cases involving tax evasion in Spain?

Ana Duato, a Spanish actress, was acquitted of tax fraud charges involving €1.1 million. The National Court ruled that there wasn't enough evidence to prove she knew she was violating tax laws, despite signing tax returns with significant underpayments and authorizing the creation of a shell company to reduce her tax burden. The court emphasized the role of her tax advisor, Fernando Peña, in the scheme.",

kathimerini.gr

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Jun 14, 13:13

Greece integrates financial crime unit into tax authority

Greece's Body for the Prosecution of Financial Crimes (SDOE) has been integrated into the Independent Authority of Public Revenue (IAPR) after 28 years of operation, aiming to streamline tax inspections and improve efficiency in combating tax evasion and financial crime. The IAPR will now handle all...

Greece integrates financial crime unit into tax authority

Greece's Body for the Prosecution of Financial Crimes (SDOE) has been integrated into the Independent Authority of Public Revenue (IAPR) after 28 years of operation, aiming to streamline tax inspections and improve efficiency in combating tax evasion and financial crime. The IAPR will now handle all...

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What is the immediate impact of integrating Greece's SDOE into the IAPR?

After 28 years, Greece's Body for the Prosecution of Financial Crimes (SDOE) has been integrated into the Independent Authority of Public Revenue (IAPR). This restructuring aims to streamline tax inspections, combining the efforts of previously separate entities with overlapping responsibilities. The IAPR now assumes all tax investigation duties, enhancing efficiency and signaling commitment to Brussels.

elmundo.es

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Jun 6, 16:13

Wife of Quirón Prevención President Under Investigation for €500,000 Hidden Commission

A Spanish judge is investigating the wife of Quirón Prevención's president for allegedly receiving a €500,000 hidden commission for the purchase of a shell company, Masterman S.L., prompting a separate investigation into potential corruption and breach of trust. The investigation was initiated by a ...

Wife of Quirón Prevención President Under Investigation for €500,000 Hidden Commission

A Spanish judge is investigating the wife of Quirón Prevención's president for allegedly receiving a €500,000 hidden commission for the purchase of a shell company, Masterman S.L., prompting a separate investigation into potential corruption and breach of trust. The investigation was initiated by a ...

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What are the potential long-term implications of this case for corporate governance and transparency in Spain?

The investigation's outcome could significantly impact future business practices in Spain, potentially setting a precedent for increased scrutiny of corporate transactions and the use of shell companies to obscure financial dealings. The high-profile nature of the case may lead to broader reforms.

zeit.de

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Jun 3, 16:14

German Customs: E-Commerce Surge, Drug Seizure Shifts, and Weapon Increase

German customs reported a more than fourfold increase in online trade clearances in 2024, reaching 235 million, mostly from China, alongside a decrease in cocaine seizures (16.3 tons vs 39.9 tons in 2023) and an increase in marijuana seizures (12.6 tons vs 8.6 tons in 2023), and a significant increa...

German Customs: E-Commerce Surge, Drug Seizure Shifts, and Weapon Increase

German customs reported a more than fourfold increase in online trade clearances in 2024, reaching 235 million, mostly from China, alongside a decrease in cocaine seizures (16.3 tons vs 39.9 tons in 2023) and an increase in marijuana seizures (12.6 tons vs 8.6 tons in 2023), and a significant increa...

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How did the changes in drug seizures (cocaine decrease, marijuana increase) in 2024 relate to the changes in drug policies?

The significant rise in online trade clearances from China, exceeding 235 million in 2024, highlights the challenges posed by e-commerce to German customs. This increase correlates with a rise in inexpensive and counterfeit goods, prompting discussions at the EU level about adjusting the €150 customs limit.

kathimerini.gr

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Jul 9, 01:14

Greece Launches Real Estate Registry to Combat Tax Evasion

Greece's Independent Public Revenue Authority is launching a Real Estate Ownership Registry in late July to combat tax evasion on property income and improve housing policy, using data from the National Land Registry and other sources to create comprehensive property profiles and address undeclared ...

Greece Launches Real Estate Registry to Combat Tax Evasion

Greece's Independent Public Revenue Authority is launching a Real Estate Ownership Registry in late July to combat tax evasion on property income and improve housing policy, using data from the National Land Registry and other sources to create comprehensive property profiles and address undeclared ...

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How will the registry address the current housing crisis in Greece?

The registry's two-phase rollout begins in late July, starting with data cross-referencing between the APA's existing records and the National Land Registry. A second phase, starting later this year, will require property owners and renters to declare property usage. This dual approach aims to improve tax compliance by identifying undeclared properties and rental income, leading to more accurate tax assessments and potentially reduced tax evasion.

kathimerini.gr

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Jul 8, 10:14

Greece Cracks Down on Tax Evasion, Recovers €26.42 Million in Penalties

During the first five months of 2025, Greek authorities investigated 842 individuals for money laundering and tax evasion exceeding €50,000, resulting in €26.42 million in tax and penalty assessments, with €20.3 million stemming from concealed income; the investigation was a joint effort between the...

Greece Cracks Down on Tax Evasion, Recovers €26.42 Million in Penalties

During the first five months of 2025, Greek authorities investigated 842 individuals for money laundering and tax evasion exceeding €50,000, resulting in €26.42 million in tax and penalty assessments, with €20.3 million stemming from concealed income; the investigation was a joint effort between the...

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How did the collaboration between the IPRA, MLPA, and CMLT contribute to the significant recovery of unpaid taxes and penalties?

The IPRA referred hundreds of tax evasion cases to the MLPA for money laundering investigations, involving 267 individuals with tax evasion exceeding €50,000 and 575 with public debt over €50,000. The Center for Monitoring Large Taxpayers (CMLT) played a key role, conducting 326 audits and levying substantial fines. This coordinated effort highlights a strengthened approach to combating financial crime in Greece.

cincodias.elpais.com

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Jun 29, 07:18

Booming Spanish Real Estate Investment Highlights Housing Crisis

Spanish real estate investment reached €5.656 billion in the first half of 2024, a 32% increase, but only €1 billion went to residential properties, raising concerns about housing shortages and the need for government intervention.

Booming Spanish Real Estate Investment Highlights Housing Crisis

Spanish real estate investment reached €5.656 billion in the first half of 2024, a 32% increase, but only €1 billion went to residential properties, raising concerns about housing shortages and the need for government intervention.

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How does the current investment trend relate to Spain's previous real estate crisis, and what steps could mitigate potential risks?

While overall investment in Spanish real estate is booming, driven by healthcare, residential, office, and logistics assets, the relatively small amount directed towards residential properties underscores a significant housing shortage and affordability crisis. This imbalance indicates potentially greater profitability in other sectors.

kathimerini.gr

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Jun 7, 10:10

Greece Launches Digital Registry to Combat Tax Evasion in Real Estate

Greece is implementing a digital property registry to cross-reference property ownership data with utility consumption records, aiming to combat tax evasion related to falsely declared unoccupied properties and improve housing subsidy accuracy. The initiative involves multiple government agencies an...

Greece Launches Digital Registry to Combat Tax Evasion in Real Estate

Greece is implementing a digital property registry to cross-reference property ownership data with utility consumption records, aiming to combat tax evasion related to falsely declared unoccupied properties and improve housing subsidy accuracy. The initiative involves multiple government agencies an...

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What is the immediate impact of the new digital registry on combating tax evasion related to falsely declared unoccupied properties?

The Greek government is addressing the issue of properties falsely declared as unoccupied while still receiving utilities and common expenses. A new digital registry will cross-reference property data with utility records, identifying discrepancies. This initiative aims to combat tax evasion and improve housing policy.

welt.de

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Jun 5, 16:14

German Customs Uncovers €36.8 Million in Damages from Undeclared Work in Thuringia and Saxony

German customs authorities in Thuringia and Southwest Saxony uncovered €36.8 million in damages from undeclared work and illegal employment in 2023, resulting in numerous criminal and administrative proceedings, along with the seizure of drugs, weapons, and illegal fireworks during inspections of 1,...

German Customs Uncovers €36.8 Million in Damages from Undeclared Work in Thuringia and Saxony

German customs authorities in Thuringia and Southwest Saxony uncovered €36.8 million in damages from undeclared work and illegal employment in 2023, resulting in numerous criminal and administrative proceedings, along with the seizure of drugs, weapons, and illegal fireworks during inspections of 1,...

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What were the key findings of the 2023 customs inspections in Thuringia and Southwest Saxony regarding undeclared work and illegal employment, and what was the total financial impact?

In 2023, German customs authorities in Thuringia and Southwest Saxony uncovered widespread undeclared work and illegal employment during inspections of 1,779 employers and nearly 20,000 individuals. This resulted in 3,055 criminal and 2,178 administrative proceedings, totaling €36.8 million in damages, with €9.9 million in West Saxony alone.

kathimerini.gr

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Jun 2, 01:13

Greece's Housing Crisis: Insufficient Measures and the Need for Systemic Change

Greece's attempts to address its housing crisis through minor tax adjustments and low-interest loans for renovations are failing due to widespread tax evasion; a more impactful approach would involve exempting average household rental payments from taxable income and significantly increasing the sup...

Greece's Housing Crisis: Insufficient Measures and the Need for Systemic Change

Greece's attempts to address its housing crisis through minor tax adjustments and low-interest loans for renovations are failing due to widespread tax evasion; a more impactful approach would involve exempting average household rental payments from taxable income and significantly increasing the sup...

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What immediate actions are needed to effectively combat tax evasion in Greece's real estate market and improve housing affordability?

The Greek government's recent measures to address the housing crisis, such as cross-referencing data on vacant properties with electricity consumption and considering tax reductions on rental income, are insufficient to tackle widespread tax evasion in the real estate sector. The average declared rent is only €250, highlighting the scale of undeclared income.

Showing 49 to 60 of 159 results