Tax Evasion
‘Unlimited fines’ on the way for offshore tax evaders
Prison sentences and “unlimited fines” are two draconian penalties HM Revenue & Customs (HMRC) will have at its disposal from next week for UK taxpayers who evaded tax through offshore means in tax year 2017/18.
Tax & Regulation | 29 Mar 18
HMRC to be quizzed over fairness towards individuals
HM Revenue and Customs is to face questioning over its treatment of individuals during tax enquiries.
Best Practice | 6 Mar 18
HMRC fires warning shot at offshore tax dodgers
Time is running out for anyone with undeclared offshore assets before tougher penalties kick in giving HM Revenue & Customs more time to investigate when people have failed to declare the right amount of tax.
Best Practice | 27 Feb 18
Shakira hit with €20m tax bill in ongoing Spain residency row
Expats in Spain who are not 100% clear on their residency status should pay careful attention to the more than €20m paid by Colombian singer Shakira to Spain’s Treasury for failing to pay tax on her worldwide income.
Ailing Samsung chairman accused of $7.5m tax evasion
The chairman of South Korean tech giant Samsung has been named by local police as a suspect in an KRW8.2bn (£5.4bn, $7.5bn, €6.1bn) tax evasion case despite having been in hospital since suffering a heart attack in 2014.