The Tax Justice Network released its 2019 Corporate Tax Haven index (CTHI). The list highlights countries that strongly contribute to a “race to the bottom on corporate taxes.”Read More
Caught up in a lengthy investigation, Deutsche Bank is bracing for ongoing tax litigation over its role in a global money-laundering scam known as the “Russian Laundromat.”Read More
Once synonymous with wealth and endowment of the arts and sciences, the Sackler family, owners of Purdue Pharma, face years of legal challenges for their role in the opioid crises and related charges—include tax fraud.Read More
You may have “forgotten” to file a Foreign Bank and Financial Accounts Report (FBAR). Maybe you forgot for several years. You knew about the requirement, but didn’t like the idea, and you failed to alert your accountant to your offshore tax...Read More
A recent legal case profiles the determination of the Internal Revenue Service (IRS) to pursue and collect on tax fraudsters and those who do not report offshore tax holdings.Read More
What started out as a fish restaurant venture turned into a whopper of a federal criminal tax investigation, leaving the owners in hot water—and facing up to five years in prison.Read More
Admitting it advised and helped its clients avoid paying US taxes, Israeli bank Mizrahi-Tefahot agreed to pay $195 million as part of a deferred prosecution agreement.Read More
Bright lights, big city and tax fraud: the story plays out repeatedly and did so again, only this time it involved the storied Friars Club of Manhattan.
In a large-scale fraudulent tax return scheme based on identity theft, a Missouri man and his accomplices garnered more than $12 million in ill-gotten tax refunds from the IRS.Read More
Described as a doyenne of the New York art scene, gallery owner Mary Boone intends to ask for leniency after pleading guilty to allegations of tax crime that were the result of an IRS criminal tax investigation.