Tags » Tax Cheats

U.S. Supreme Court rejects Dow over $1 billion tax deduction claim

Source: reuters.com 09.01.2017

On January 9th 2017 the U.S. Supreme Court declined to hear Dow Chemical Co’s bid to revive its claim to more than $1 billion in tax deductions based on partnerships the company entered into, that lower courts said were created primarily to avoid tax liability and had no legitimate business purpose. 69 more words

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HMRC’s criminal case highlights of 2016

Source: HMRC Press Release 7th January 2017

HM Revenue and Customs has revealed its top ten most significant fraud and organised crime cases of 2016. 82 more words

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Jean-Claude Juncker blocked EU curbs on tax avoidance

Source: theguardian.com 1 January 2017

The president of the European commission, Jean-Claude Juncker, spent years in his previous role as Luxembourg’s prime minister secretly blocking EU efforts to tackle tax avoidance by multinational corporations, leaked documents reveal. 64 more words

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Eclipse film investors face financial ruin for UK tax dodging

Source: bbc.co.uk 19 November 2016

HMRC is pursuing investors in the Eclipse scheme, including celebrities, financiers and sports stars, for up to 20 times their original investment. 58 more words

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Bahamas Leaks: New revelations about Canadian ties to tax haven

More details about the secret offshore holdings of Canadians have allegedly been revealed in a new trove of leaked documents from the same group of media outlets that released the so-called… 485 more words

World

Chasing Tax Cheats to Create Jobs: Why Don’t We Do That?

I’m guessing that tax collectors have never been a popular group, but we need thousands more of them, probably about 50,000 more. Why? Because something like… 1,132 more words

Contributors

HMRC defeats Ernst & Young avoidance scheme

HM Revenue and Customs (HMRC) has defeated a tax avoidance scheme used by a major brewery, protecting around £30 million in tax.

The avoidance scheme, marketed by Ernst & Young in 2003 to brewery Greene King plc and other large groups, involved loans between group companies. 36 more words

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