#tax-evasion

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#hmrc

Construction sector represents 25% of tax evaders - London Business News | Londonlovesbusiness.com

There is significant tax evasion within the construction industry, with 24% of tax defaulters being construction firms.

HMRC doubles payouts to tax whistleblowers amid calls for larger rewards

HMRC has significantly increased rewards for tax fraud tip-offs, but has been criticized for their adequacy compared to the scale of fraud.
The UK's tax reporting system lacks transparency and sufficient incentives for whistleblowers, deterring substantial reporting of tax fraud.

Construction sector represents 25% of tax evaders - London Business News | Londonlovesbusiness.com

There is significant tax evasion within the construction industry, with 24% of tax defaulters being construction firms.

HMRC doubles payouts to tax whistleblowers amid calls for larger rewards

HMRC has significantly increased rewards for tax fraud tip-offs, but has been criticized for their adequacy compared to the scale of fraud.
The UK's tax reporting system lacks transparency and sufficient incentives for whistleblowers, deterring substantial reporting of tax fraud.
morehmrc
#sothebys

Sotheby's pays over $6m to settle tax evasion case

Sotheby's will pay $6.25m to settle tax evasion claims in New York and implement reforms to prevent future violations.

Sotheby's settles lawsuit alleging it helped art collectors avoid taxes on works by Basquiat, others

Sotheby's will pay over $6 million to settle claims of facilitating tax evasion for high-priced art transactions.

Sotheby's pays over $6m to settle tax evasion case

Sotheby's will pay $6.25m to settle tax evasion claims in New York and implement reforms to prevent future violations.

Sotheby's settles lawsuit alleging it helped art collectors avoid taxes on works by Basquiat, others

Sotheby's will pay over $6 million to settle claims of facilitating tax evasion for high-priced art transactions.
moresothebys
#tax-fraud

The IRS just paid 3 whistleblowers a record $74 million reward-and tax evaders should be very afraid

Stopping tax fraud could be a viable revenue source for the U.S. government, reducing the significant unpaid tax gap without raising taxes.
The recent IRS whistleblower award illustrates a successful method for combating tax evasion and enhancing government revenue.

Accused of tax crime? Know your rights, potential consequences, and mistakes to avoid - London Business News | Londonlovesbusiness.com

Tax evasion and fraud are serious offenses with significant legal consequences, requiring immediate action and understanding of legal rights.

The IRS just paid 3 whistleblowers a record $74 million reward-and tax evaders should be very afraid

Stopping tax fraud could be a viable revenue source for the U.S. government, reducing the significant unpaid tax gap without raising taxes.
The recent IRS whistleblower award illustrates a successful method for combating tax evasion and enhancing government revenue.

Accused of tax crime? Know your rights, potential consequences, and mistakes to avoid - London Business News | Londonlovesbusiness.com

Tax evasion and fraud are serious offenses with significant legal consequences, requiring immediate action and understanding of legal rights.
moretax-fraud
#legal-issues

Hunter Biden to undergo second federal trial in three months in tax case

Hunter Biden is on trial for tax evasion and false filing, facing serious legal consequences amidst personal struggles.

What to Know About Hunter Biden's Tax Trial

Hunter Biden faces trial over alleged tax evasion involving $1.4 million, amidst ongoing legal issues and political implications for his father, President Joe Biden.

Hunter Biden finally goes down for the guilty counts - but aborted trial still taints White House

Hunter Biden's guilty plea raises questions about accountability and the potential for his father, President Joe Biden, to pardon him.

Ex-Biglaw Partner Sentenced To Time Behind Bars After Pleading Guilty To Tax Crimes

Eric Lenzen's extravagant lifestyle led to a 16-month prison sentence for significant tax evasion while serving as a partner at prominent law firms.

Bookmaker for Ohtani Interpreter Plans to Plead Guilty to Federal Charges

A bookmaker in Southern California pleaded guilty to illegal sports gambling and tax evasion, leading to cooperation with authorities and potential prison time.

Yoga studio mogul pleads guilty to dodging $2.5 million in taxes

A yoga business founder pleaded guilty to not paying over $2.5 million in taxes and may face five years in prison.

Hunter Biden to undergo second federal trial in three months in tax case

Hunter Biden is on trial for tax evasion and false filing, facing serious legal consequences amidst personal struggles.

What to Know About Hunter Biden's Tax Trial

Hunter Biden faces trial over alleged tax evasion involving $1.4 million, amidst ongoing legal issues and political implications for his father, President Joe Biden.

Hunter Biden finally goes down for the guilty counts - but aborted trial still taints White House

Hunter Biden's guilty plea raises questions about accountability and the potential for his father, President Joe Biden, to pardon him.

Ex-Biglaw Partner Sentenced To Time Behind Bars After Pleading Guilty To Tax Crimes

Eric Lenzen's extravagant lifestyle led to a 16-month prison sentence for significant tax evasion while serving as a partner at prominent law firms.

Bookmaker for Ohtani Interpreter Plans to Plead Guilty to Federal Charges

A bookmaker in Southern California pleaded guilty to illegal sports gambling and tax evasion, leading to cooperation with authorities and potential prison time.

Yoga studio mogul pleads guilty to dodging $2.5 million in taxes

A yoga business founder pleaded guilty to not paying over $2.5 million in taxes and may face five years in prison.
morelegal-issues

Oakland towing company sentenced to pay restitution after towing thousands of cars illegally

Two employees and their towing company pleaded no contest to illegal towing and tax evasion, with significant restitution payments ordered.

Dealer Yves Bouvier owes more than $800m in back taxes, Swiss court rules

Yves Bouvier faces a new legal challenge with a Swiss court ruling he owes back taxes totaling around $821 million for 2008-2015 due to extended stay in Switzerland.
#fraud

FBI claims corrupt LA cops helped crypto CEO's cash grab

Adam Iza, founder of Zort, charged with tax evasion linked to a $30 million cryptocurrency scam involving corrupt law enforcement.

Ex-BigLaw partner hit with prison time, $4.2M restitution order in tax case

A former law partner received 16 months in prison and $4.2 million restitution for failing to pay $2.46 million in taxes.

Former state Sen. Dean Tran convicted of unemployment fraud

Dean Tran was convicted of multiple charges related to fraudulently collecting pandemic unemployment benefits while concealing other sources of income.

Reality TV star Julie Chrisley resentenced to 7 years for fraud

Julie Chrisley was resentenced to seven years for bank fraud and tax evasion, with her request for a lesser sentence denied.

FBI claims corrupt LA cops helped crypto CEO's cash grab

Adam Iza, founder of Zort, charged with tax evasion linked to a $30 million cryptocurrency scam involving corrupt law enforcement.

Ex-BigLaw partner hit with prison time, $4.2M restitution order in tax case

A former law partner received 16 months in prison and $4.2 million restitution for failing to pay $2.46 million in taxes.

Former state Sen. Dean Tran convicted of unemployment fraud

Dean Tran was convicted of multiple charges related to fraudulently collecting pandemic unemployment benefits while concealing other sources of income.

Reality TV star Julie Chrisley resentenced to 7 years for fraud

Julie Chrisley was resentenced to seven years for bank fraud and tax evasion, with her request for a lesser sentence denied.
morefraud

Chinese film star Fan Bingbing to make comeback after five-year purgatory

Fan Bingbing makes a comeback after five years following a tax evasion scandal, but experts doubt her ability to regain former fame.

Labour's ban of zero hours could push contractors into unregulated sector - London Business News | Londonlovesbusiness.com

Banning zero-hour contracts may unintentionally drive contractors to unregulated umbrella companies, increasing the risk of exploitation.
#penalties

HMRC issues 22m fines to businesses for 'deliberately lying about the amount of tax they owe' - London Business News | Londonlovesbusiness.com

UK businesses fined heavily for deliberate tax defaulting

Delivery driver and accountant among Sutton tax defaulters named and shamed

Sutton businesses are being penalized for tax evasion, as individuals face severe penalties following HMRC's deliberate tax defaulters list.

HMRC issues 22m fines to businesses for 'deliberately lying about the amount of tax they owe' - London Business News | Londonlovesbusiness.com

UK businesses fined heavily for deliberate tax defaulting

Delivery driver and accountant among Sutton tax defaulters named and shamed

Sutton businesses are being penalized for tax evasion, as individuals face severe penalties following HMRC's deliberate tax defaulters list.
morepenalties
#irs

IRS Pursues 125,000 Non-Filing Cases in Crackdown on Wealthy Tax Evaders

High-income earners are being pursued by the IRS for failing to file tax returns since 2017.
Increased IRS funding is enabling enforcement actions against non-filing high-income individuals.

Yoga to the People Founder Pleads Guilty to Tax Evasion

Gregory Gumucio pleaded guilty to tax evasion, failing to pay taxes on $3.5 million in income over eight years from his yoga business.

Did The Creator Of Barbie Engage In Tax Evasion?

Ruth Handler, the creator of Barbie, was never convicted or even charged with tax evasion.
Handler was indicted for making false statements to the SEC and pleaded no contest, resulting in a fine and community service.

IRS Pursues 125,000 Non-Filing Cases in Crackdown on Wealthy Tax Evaders

High-income earners are being pursued by the IRS for failing to file tax returns since 2017.
Increased IRS funding is enabling enforcement actions against non-filing high-income individuals.

Yoga to the People Founder Pleads Guilty to Tax Evasion

Gregory Gumucio pleaded guilty to tax evasion, failing to pay taxes on $3.5 million in income over eight years from his yoga business.

Did The Creator Of Barbie Engage In Tax Evasion?

Ruth Handler, the creator of Barbie, was never convicted or even charged with tax evasion.
Handler was indicted for making false statements to the SEC and pleaded no contest, resulting in a fine and community service.
moreirs

Fraud trial opens for prominent German coronavirus skeptic DW 10/02/2024

The trial of Michael Ballweg highlights a significant legal challenge for leaders of the anti-lockdown movement in Germany, centered on allegations of fraud.

Crypto mogul known as 'The Godfather' used L.A. deputies for extortion, feds allege

Adam Iza allegedly paid LA County deputies for unlawful actions in a tax evasion scheme, highlighting a serious corruption case.
#celtic-tiger

Could you be an unwitting tax dodger? Here are four common ways people find themselves on the wrong side of the law

Tax evasion was rampant in Ireland before the Celtic Tiger, particularly among the wealthy and self-employed.

Are you an unwitting tax dodger? Here are four common ways people find themselves on the wrong side of the law

Tax evasion was prevalent among the wealthy and self-employed in Ireland before the Celtic Tiger era.
Scandals like the Dirt inquiry highlighted widespread tax dodging practices in the 1990s and early 2000s.

Could you be an unwitting tax dodger? Here are four common ways people find themselves on the wrong side of the law

Tax evasion was rampant in Ireland before the Celtic Tiger, particularly among the wealthy and self-employed.

Are you an unwitting tax dodger? Here are four common ways people find themselves on the wrong side of the law

Tax evasion was prevalent among the wealthy and self-employed in Ireland before the Celtic Tiger era.
Scandals like the Dirt inquiry highlighted widespread tax dodging practices in the 1990s and early 2000s.
moreceltic-tiger
#tax-compliance

FATCA and its impact on US expats with UK business interests

FATCA enhances tax compliance for US citizens abroad, significantly impacting expats with foreign business interests.

Australia pursues crypto buyers' info in tax probe

Australian Taxation Office is targeting tax evading users on crypto exchanges by seeking transaction data to ensure compliance.

FATCA and its impact on US expats with UK business interests

FATCA enhances tax compliance for US citizens abroad, significantly impacting expats with foreign business interests.

Australia pursues crypto buyers' info in tax probe

Australian Taxation Office is targeting tax evading users on crypto exchanges by seeking transaction data to ensure compliance.
moretax-compliance

The illegal maneuvers the rich use to get richer

Wealthy individuals often evade taxes and engage in illegal activities to increase their wealth with little concern for legal consequences.

Small businesses responsible for 80% of tax evasion, warns watchdog

Small businesses in the UK account for a large portion of tax evasion, costing the government billions annually.
#hunter-biden

JUST IN: Hunter Biden Withdraws Not Guilty Plea in Tax Case, Seeks to Avoid Trial By Offering a Deal

Hunter Biden seeks a plea deal allowing him to avoid admitting guilt in his federal tax evasion case.
The Alford plea would acknowledge sufficient evidence against him without a guilt admission.
Biden faces nine tax charges, including three felonies, related to failure to pay $1.4 million in taxes.

Hunter Biden's court appearance on federal tax evasion charges

Hunter Biden is facing federal charges for allegedly failing to pay over a million dollars in taxes
Republicans have used Hunter Biden's overseas business dealings to accuse Joe Biden of financially benefiting from them

Hunter Biden Waves the White Flag, Pleads Guilty to Tax Crimes

Hunter Biden pleaded guilty to multiple tax offenses, potentially facing significant prison time, as part of a plea deal to avoid a trial.

Hunter Biden pleads guilty in tax evasion case DW 09/05/2024

Hunter Biden's unexpected guilty plea may complicate his legal situation while maintaining his innocence against serious tax evasion charges.

Hunter Biden goes on trial in Los Angeles over charges of tax evasion

Hunter Biden's trial centers on tax evasion, reflecting his extravagant lifestyle amidst significant documented income.
The political implications of Hunter Biden's legal troubles have diminished since President Biden's withdrawal from the 2024 race.

Hunter Biden set to plead guilty in US federal tax case

Hunter Biden plans to plead guilty to federal tax evasion due to accusations of avoidance of $1.4 million in taxes.

JUST IN: Hunter Biden Withdraws Not Guilty Plea in Tax Case, Seeks to Avoid Trial By Offering a Deal

Hunter Biden seeks a plea deal allowing him to avoid admitting guilt in his federal tax evasion case.
The Alford plea would acknowledge sufficient evidence against him without a guilt admission.
Biden faces nine tax charges, including three felonies, related to failure to pay $1.4 million in taxes.

Hunter Biden's court appearance on federal tax evasion charges

Hunter Biden is facing federal charges for allegedly failing to pay over a million dollars in taxes
Republicans have used Hunter Biden's overseas business dealings to accuse Joe Biden of financially benefiting from them

Hunter Biden Waves the White Flag, Pleads Guilty to Tax Crimes

Hunter Biden pleaded guilty to multiple tax offenses, potentially facing significant prison time, as part of a plea deal to avoid a trial.

Hunter Biden pleads guilty in tax evasion case DW 09/05/2024

Hunter Biden's unexpected guilty plea may complicate his legal situation while maintaining his innocence against serious tax evasion charges.

Hunter Biden goes on trial in Los Angeles over charges of tax evasion

Hunter Biden's trial centers on tax evasion, reflecting his extravagant lifestyle amidst significant documented income.
The political implications of Hunter Biden's legal troubles have diminished since President Biden's withdrawal from the 2024 race.

Hunter Biden set to plead guilty in US federal tax case

Hunter Biden plans to plead guilty to federal tax evasion due to accusations of avoidance of $1.4 million in taxes.
morehunter-biden

Almost 6,000 of the IRS goons who make you pay your taxes cheat on theirs

A significant portion of the IRS workforce cheats on taxes, undermining the agency's credibility and public trust in tax enforcement.

A proposal to tax the uber-rich is gaining traction. But there are skeptics

A proposal about a global wealth tax affecting the wealthiest 3,000 individuals, aiming to address tax evasion and distribute wealth towards global issues.
#cryptocurrency-exchange

Binance Has Challenged India's $86M Tax Showcause Notice: Source

Binance challenges $86 million tax notice from India's tax authority.

Binance executive denied bail in Nigeria over money laundering charges

Nigerian court rules Binance executive can face trial, denies bail due to flight risk.

Binance Has Challenged India's $86M Tax Showcause Notice: Source

Binance challenges $86 million tax notice from India's tax authority.

Binance executive denied bail in Nigeria over money laundering charges

Nigerian court rules Binance executive can face trial, denies bail due to flight risk.
morecryptocurrency-exchange

The Sneaky Move Uber and Lyft Are Using to Lower Their Tax Bill

Gig corporations like Uber and Lyft avoid paying millions in taxes by treating drivers as independent businesses, impacting other employers.

Ex-wife of controversial Iranian ambassador lists NYC condo for $5.3M

An Upper West Side condo in a castle-like building is listed for $5.3 million, priced in seven digits.
#sentencing

Ex-Biglaw CFO Pleads Guilty To Embezzling $1.5 Million From Firm

A former Biglaw CFO pleaded guilty to embezzling $1.5 million and evading taxes, facing a recommended five-year sentence and restitution.

Column: Jose Huizar was our rancho's American dream. Now, he's headed to prison for 13 years

Former Los Angeles city councilmember Jose Huizar, who has pled guilty to racketeering and tax evasion, greeted a columnist who had criticized him with a friendly greeting.
Huizar was allowed to travel to his birthplace in Mexico to attend religious ceremonies important to his Catholic faith.

Ex-Biglaw CFO Pleads Guilty To Embezzling $1.5 Million From Firm

A former Biglaw CFO pleaded guilty to embezzling $1.5 million and evading taxes, facing a recommended five-year sentence and restitution.

Column: Jose Huizar was our rancho's American dream. Now, he's headed to prison for 13 years

Former Los Angeles city councilmember Jose Huizar, who has pled guilty to racketeering and tax evasion, greeted a columnist who had criticized him with a friendly greeting.
Huizar was allowed to travel to his birthplace in Mexico to attend religious ceremonies important to his Catholic faith.
moresentencing

Morning Docket: 05.01.24

Information on recent legal news headlines.

DOJ Arrests Early Bitcoin Investor Roger Ver, 'Bitcoin Jesus,' on Charges of Tax Fraud

Roger Ver, a prominent Bitcoin investor, faces indictment by the DOJ for mail fraud, tax evasion, and false tax returns, potentially leading to extradition and trial.

Can Shohei Ohtani's Gambling And Theft Controversy Provide Him With Tax Relief?

Investigation into gambling debt and theft involving Shohei Ohtani's translator
IRS investigation triggers due to red flags like theft, underground gambling, and potential money laundering

First Mover Americas: Back in the Green

The crypto market saw gains following BlackRock's involvement in asset tokenization.
Binance faced charges of tax evasion in Nigeria, impacting its executives and operations.

Brampton man who claimed $34M in false donations for clients gets 3-year prison term | CBC News

An Ontario man sentenced to 3 years for $34 million charity fraud
Canada Revenue Agency holds promoters and users accountable for tax evasion

The IRS Finally Takes the Gloves Off

IRS crackdown on personal use of corporate jets as business expense
Increased scrutiny on wealthy individuals filing returns over $1 million per year

PODCAST: Macron breaks war taboo, why Lyon is the place to move to and French language test tips

Discussion on Macron's stance on sending ground troops to Ukraine
France allowing tax authorities to create fake social media profiles to catch tax-dodgers

Islanders Anxiety - Episode 277 - A Carnival of Schadenfreude

The New York Islanders had an eventful week with big wins and a frustrating loss.
There are controversies and notable events happening in other teams, such as the Toronto Maple Leafs.

Barcelona fined 23m over agent payment issues

Barcelona has been fined 23m for falsifying agent payments between 2012 and 2015.
The club failed to properly declare payments to agents in order to avoid paying taxes.

Owner of construction company with ties to Ald. Carrie Austin probe pleads guilty to bribing county official

Construction company owner pleads guilty to bribing employee to reduce taxes
Sentencing guidelines range from 6 to 10 years in prison

Hunter Biden pleads not guilty to federal tax charges

Hunter Biden pleads not guilty to charges of failing to pay taxes
Charges stem from a yearslong investigation into tax-avoidance conspiracy
#Hunter Biden

How David Weiss May Plan to Prove His Case against Hunter Biden - emptywheel

The new indictment against Hunter Biden includes nine charges related to tax evasion and false returns.
The charges primarily focus on the tax forms filed for the year 2018.

Hunter Biden indicted for evading $1.4m in tax: What we know and what next?

Hunter Biden has been indicted for multiple counts of tax evasion, the second charge he has faced this year.
He is accused of failing to file and pay taxes, evading tax assessment, and making a false or fraudulent tax return.
Biden allegedly engaged in a four-year scheme to avoid paying at least $1.4 million in federal taxes.

Hunter Biden indicted for evading $1.4m in tax: What we know and what next?

Hunter Biden has been indicted for multiple counts of tax evasion, the second charge he has faced this year.
He is accused of failing to file and pay taxes, evading tax assessment, and making a false or fraudulent tax return.
Biden allegedly engaged in a four-year scheme to avoid paying at least $1.4 million in federal taxes.

Hunter Biden indicted for evading $1.4m in tax: What we know and what next?

Hunter Biden has been indicted for multiple counts of tax evasion, the second charge he has faced this year.
He is accused of failing to file and pay taxes, evading tax assessment, and making a false or fraudulent tax return.
Biden allegedly engaged in a four-year scheme to avoid paying at least $1.4 million in federal taxes.

Hunter Biden is indicted on federal tax charges

Hunter Biden has been charged with nine counts related to failure to pay federal taxes on millions of dollars of income.
The charges stem from special counsel David Weiss' investigation into President Biden's son.

BREAKING: Hunter Biden Hit With 9 New Federal Charges

Hunter Biden has been charged with nine new tax-related federal charges, including failure to pay taxes and filing a false tax return.
The charges were brought by Department of Justice Special Counsel David Weiss, who indicted Biden in September on three gun charges.

How David Weiss May Plan to Prove His Case against Hunter Biden - emptywheel

The new indictment against Hunter Biden includes nine charges related to tax evasion and false returns.
The charges primarily focus on the tax forms filed for the year 2018.

Hunter Biden indicted for evading $1.4m in tax: What we know and what next?

Hunter Biden has been indicted for multiple counts of tax evasion, the second charge he has faced this year.
He is accused of failing to file and pay taxes, evading tax assessment, and making a false or fraudulent tax return.
Biden allegedly engaged in a four-year scheme to avoid paying at least $1.4 million in federal taxes.

Hunter Biden indicted for evading $1.4m in tax: What we know and what next?

Hunter Biden has been indicted for multiple counts of tax evasion, the second charge he has faced this year.
He is accused of failing to file and pay taxes, evading tax assessment, and making a false or fraudulent tax return.
Biden allegedly engaged in a four-year scheme to avoid paying at least $1.4 million in federal taxes.

Hunter Biden indicted for evading $1.4m in tax: What we know and what next?

Hunter Biden has been indicted for multiple counts of tax evasion, the second charge he has faced this year.
He is accused of failing to file and pay taxes, evading tax assessment, and making a false or fraudulent tax return.
Biden allegedly engaged in a four-year scheme to avoid paying at least $1.4 million in federal taxes.

Hunter Biden is indicted on federal tax charges

Hunter Biden has been charged with nine counts related to failure to pay federal taxes on millions of dollars of income.
The charges stem from special counsel David Weiss' investigation into President Biden's son.

BREAKING: Hunter Biden Hit With 9 New Federal Charges

Hunter Biden has been charged with nine new tax-related federal charges, including failure to pay taxes and filing a false tax return.
The charges were brought by Department of Justice Special Counsel David Weiss, who indicted Biden in September on three gun charges.
moreHunter Biden

Hunter Biden indicted for evading $1.4m in tax: What we know and what next?

Hunter Biden has been indicted for multiple counts of tax evasion, the second charge he has faced this year.
He is accused of failing to file and pay taxes, evading tax assessment, and making a false or fraudulent tax return.
Biden allegedly engaged in a four-year scheme to avoid paying at least $1.4 million in federal taxes.

Hunter Biden indicted on nine tax related charges in California

Hunter Biden indicted on nine tax charges in California as special counsel investigation intensifies
Defense attorneys plan to fight new charges after previous plea deal fell through

What's News, Breaking: Thursday, December 7, 2023

NewLab is partnering with NYC on a safe e-bike charging pilot that will test new technologies for delivery workers.
Rep. Malliotakis opposes congestion pricing, arguing that it will increase pollution in Brooklyn.
NYU Langone's Family Support Center received $50k for a food distribution program.
TV pioneer Norman Lear passed away at age 101.
New York flu cases have jumped 25% in one week.
A killer received a 25-to-life sentence for a shooting in Crown Heights.
Brooklyn plumbing company owners have been charged with tax evasion and fraud.
MTA has voted to approve congestion pricing tolls, beginning a 60-day public comment period.
City-owned emergency vehicles will be exempt from the congestion pricing plan in NYC.
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