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Source: www.cbc.ca --- 43 days ago
A Bloc Québécois MP is pressuring the Tory government to answer questions about the 100 Canadians involved in a growing global Liechtenstein Tax Evasion Scandal, CBC's The Fifth Estate has learned. ...
Source: www.dw-world.de --- 28 days ago
... Source: www.dw-world.de --- 43 days ago
Judges in Bochum on Friday handed a two-year suspended prison sentence to a 66-year-old real estate tycoon in the first case brought to justice in Germany in connection with a major Liechtenstein Tax Evasion Scandal. ... Source: www.channelnewsasia.com --- 27 days ago
BERLIN: A bank in the tiny Alpine principality of Liechtenstein, which has been rocked since February by a major Tax Evasion Scandal, was allegedly blackmailed into paying over US$13 million, a report said Saturday. ...
Source: www.kentucky.com --- 16 days ago
A political strategist tied to the Jack Abramoff lobbying Scandal is helping raise money for John McCain, urging his fellow Georgia Republicans to attend a fundraiser for the presidential candidate in Atlanta. Ralph Reed, former director of the Christian Coalition, said he had agreed to be on McCain's "Victory 2008 Team" in an e-mail that solicited donations on McCain's behalf. The Republican National Committee is hosting the fundraiser set for an Atlanta hotel on Aug. 18. A House investigative committee in 2006 did not call Reed as a witness, but concluded that he interceded with the Bush White House to help some of Abramoff's clients. Reed's public relations firm also received $4.2 million from Abramoff to mobilize Christian voters to fight the opening of casinos that could compete with Abramoff's Indian tribe clients. Reed later said he regretted the actions, which contributed to his 2006 Republican primary loss in a bid to be Georgia's lieutenant governor. Abramoff went to prison for conspiracy, mail fraud and Tax Evasion. McCain led a Senate investigation into Abramoff's dealings with Indian tribes, which included information about his ties to Reed. McCain said in a November 2007 presidential debate: "I led in the Abramoff hearings in the, in the obscure Indian Affairs Committee, for which people are still testifying and going to jail." ... Source: www.kentucky.com --- 52 days ago
Brazilian police arrested a former Sao Paulo mayor and two prominent financiers Tuesday in a case that grew out of an influence-peddling Scandal involving senior government officials. Federal police announced arrest warrants for 24 people in connection with schemes involving prominent businessmen Daniel Dantas and Naji Nahas. Charges include corruption, money laundering, sending illegal remittances abroad, Tax Evasion and criminal associations. Protogenes Queiroz, the federal police officer who heads the investigation, said charges stemmed from a four-year investigation of top aides to President Luiz Inacio Lula da Silva and allied party officials accused of bribing lawmakers. At a news conference in Sao Paulo, Queiroz said there were two criminal organizations, one headed by Dantas, the other by Nahas. "We were amazed with the level of organization and the power of these two organizations to intimidate and corrupt," Queiroz said. ... Source: www.japantimes.co.jp --- 40 days ago
Prosecutors have decided to pursue Tax Evasion charges against a senior executive of a Foreign Ministry-related group for allegedly hiding income he received from Scandal-tainted defense trader Yamada Corp. and defense equipment makers, according to sources. The Tokyo District Public Prosecutor's Office is targeting Naoki Akiyama, 58, executive director of the Japan-U.S. Center for Peace and Cultural Exchange. ... Source: www.democrats.org --- 16 days ago
On the campaign trail, John McCain likes to brag about chairing the Senate Indian Affairs Committee that investigated criminal lobbyist Jack Abramoff's role in the Republican culture of corruption. But that is not stopping John McCain from raising campaign cash with one of Abramoff's closest business partners: Scandal plagued conservative activist Ralph Reed. According to the Atlanta Journal Constitution, Reed has "agreed to serve as a member of the McCain Victory 2008 Team" and will host a fundraiser for his campaign on Monday, August 18. In 2006, Abramoff pleaded guilty to fraud, Tax Evasion and conspiracy charges after a federal investigation unearthed an extensive effort to buy influence with Republican lawmakers by showering them with gifts and campaign contributions. Emails made public during the investigation revealed that Reed had received at least $4.2 million from Abramoff to help his clients. Despite his shady ties to Abramoff, McCain never called Reed to testify before his committee. In fact, despite acknowledging wrongdoing among his colleagues, McCain refused to investigate fellow Republicans in Congress. Now, despite the Scandal surrounding Reed--and despite objections from nonpartisan watchdog groups--The Hill reports that McCain is refusing to cancel Monday's fundraiser. [Washington Post, 1/16/06; The Hill, 8/13/08] DNC Chairman Howard Dean issued the following statement on McCain's double talk on ethics and lobbying ... Source: www.thelocal.de --- 27 days ago
A bank in the tiny Alpine principality of Liechtenstein, which has been rocked since February by a major Tax Evasion Scandal, was allegedly blackmailed into paying 9 million. ... Source: www.thelocal.de --- 27 days ago
A bank in the tiny Alpine principality of Liechtenstein, which has been rocked since February by a major Tax Evasion Scandal, was allegedly blackmailed into paying 9 million. ...
Source: freeinternetpress.com --- 12 days ago
Halliburton takes advantage of a European loophole that lets corporations hide beneficiaries and assets. Little is known of a customary European legal practice that offers corporations and individuals an opportunity to profit from assets while maintaining complete anonymity of the beneficiary's identity. This practice is referred to as "Hidden Treuhand" in the English language. The practice of Hidden Treuhand submits to legal local customs in Austria, Germany, Liechtenstein, Luxemburg and Switzerland, but due to globalization, has moved beyond European borders via corporations and individuals, who put it to personal use. The practice of Hidden Treuhand is relevant and unregulated. More and more, the relevant practice of Treuhand is used in hiding an asset owner's identity from the outside world. Assets, whether they are corporate shares or fixed assets, can be owned in secret. The personal income derived from these assets can also be kept secret from Tax authorities. An example of how Hidden Treuhand facilitates Tax Evasion is part of the latest Scandal where thousands of Germans evaded Tax through the services of the LGT Treuhand Bank in Liechtenstein, using a combination of Treuhand and foundations to hide true owner identity of bank accounts. Hidden Treuhands in Europe impact the lives of American citizens. Hidden Treuhands enable even American corporations to hide the identity of beneficiaries, assets and income. Halliburton h ... Source: www.fiercefinance.com --- 16 days ago
What to make of the latest UBS news? The bank is breaking into three distinct business units--Wealth management (sort of private banking), asset management and investment banking--and has been buffeted by regulatory and market activity. The recent Tax Evasion Scandal, which is still unfolding, was a shock to many. It calls for the bank to buy back $20 billion worth of auction rate securities. One could argue that perhaps UBS is breaking into three units to prepare itself for some major transactions, perhaps selling off the investment bank. The bank claims the move will make each unit more responsible for itself financially. The wealth management unit is considered UBS's crown jewel; the New York Times notes that some felt that unit was subsidizing the other two. For more: - here's the New York Times article Related Articles: UBS to settle ARS issues for nearly $19.4 billion New York sues over UBS auction rate securities ... Source: wallstreetoasis.com --- 5 days ago
As UBS executives appear to have given their tentative blessing to the continuance of the 'one bank' model, attention is focusing on how best to remunerate staff who work in different parts of the empire. As The Wall Street Journal points out, it's hardly fair if, for example, the bank's asset management staff have a stellar year, only to find that losses over at the investment bank have hit profits and the firm's stock, and that deferred equity awards are in the toilet. Conversely, the investment bank could come good again, only to find that a US Tax Evasion-like Scandal affecting the private bank weighs the bank's stock down. Three units, 'one bank', and only one stock price. Quite a problem. The answer, according to the newspaper, might be the introduction of a 'phantom equity' scheme for each unit, which will enable UBS to more closely tie reward with performance in the respective businesses. And that idea is apparently under consideration. read more ... Source: www.mackinacislandnews.com --- 18 days ago
If pending charges against Scandal-plagued Kwame Kilpatrick lead to prison, he would be the third among Detroit's 57 mayors to become a jailbird. Republican Richard W. Reading (1938-40), dubbed "double dip Dick" over allegations of taking payoffs from gamblers beyond his salary, went to the slammer when later found guilty of bribery, conspiracy, and income Tax Evasion. ... Source: www.alienlove.com --- 17 days ago
by: Shelley Stark, t r u t h o u t | Report Halliburton takes advantage of a European loophole that lets corporations hide beneficiaries and assets. Little is known of a customary European legal practice that offers corporations and individuals an opportunity to profit from assets while maintaining complete anonymity of the beneficiary's identity. This practice is referred to as "Hidden Treuhand" in the English language. The practice of Hidden Treuhand submits to legal local customs in Austria, Germany, Liechtenstein, Luxemburg and Switzerland, but due to globalization, has moved beyond European borders via corporations and individuals, who put it to personal use. The practice of Hidden Treuhand is relevant and unregulated. More and more, the relevant practice of Treuhand is used in hiding an asset owner's identity from the outside world. Assets, whether they are corporate shares or fixed assets, can be owned in secret. The personal income derived from these assets can also be kept secret from Tax authorities. An example of how Hidden Treuhand facilitates Tax Evasion is part of the latest Scandal where thousands of Germans evaded Tax through the services of the LGT Treuhand Bank in Liechtenstein, using a combination of Treuhand and foundations to hide true owner identity of bank accounts. Hidden Treuhands in Europe impact the lives of American citizens. Hidden Treuhands enable even American corporations to hide the identity of benefici ... Source: taxjustice.blogspot.com --- 33 days ago
The US Senate Permanent Subcommittee on Investigations is scheduled to hold a hearing today which will, in their rather restrained language , "examine how financial institutions located in offshore Tax havens, including Liechtenstein and Switzerland, may be engaged in banking practices that could facilitate, and in some instances have resulted in, Tax Evasion and other misconduct by U.S. clients." This comes amid an ongoing Scandal concerning the Swiss bank UBS under investigation for helping wealthy US citizens evade taxes. TJN's John Christensen was on ABC News on U.S. television last night talking about the affair, as well as the lawyer Jack Blum, who is a Senior Adviser to TJN. The Financial Times has an advance copy of a 100-page report saying the Subcommittee will accuse UBS and Liechtenstein’s LGT Group, owned by Prince Hans-Adam II of Liechtenstein (you should refer to him as Johannes Adam Ferdinand Alois Josef Maria Marko d'Aviano Pius von und zu Liechtenstein, styled HSH The Sovereign Prince of Liechtenstein: see the picture ) of using the “cloak of bank secrecy laws” to help American clients evade billions of dollars in taxes. The report estimates the US Treasury loses $100bn (€63bn) annually to offshore Tax abuses. ... Source: kencan7.blogspot.com --- 40 days ago
Perhaps some Canadians involved in these deals may have friends in high places or perhaps our investigators are just not very quick or efficient compared to those in other countries. MP presses Tories on Liechtenstein Tax Evasion Scandal Last Updated: Friday, July 18, 2008 10:22 AM ET By Nathan Crocker CBC News A Bloc Québécois MP is pressuring the Tory government to provide more information about Canadian involvement in a growing global Liechtenstein Tax Evasion Scandal, CBC's The Fifth Estate has learned. Paul Crête, vice-chair of the standing committee on finance, wants to know how many of the 100 Canadians who have been linked to the case have voluntarily told the Canada Revenue Agency about previously undeclared earnings, thereby possibly avoiding prosecution. He believes Canada should follow the lead of other countries investigating their citizens who have accounts in Liechtenstein. Those countries have made public the number of people who have stepped forward and declared their offshore income. Since the case broke in February, governments have been probing whether their citizens used accounts in the alpine principality to avoid paying taxes. Germany, which is leading the international crackdown on Tax evaders, has reportedly collected up to 250 million euros from more than 200 Tax evaders who have turned themselves in, and 330 others who wrongly believed they were on the list of accounts stolen from LGT Group. Crête said that he ... Find more results for Tax Evasion Scandal on RSSMicro.com |
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AFP - A bank in the tiny Alpine principality of Liechtenstein, which has been rocked since February by a major Tax Evasion Scandal, was allegedly blackmailed into paying over 13 million dollars, a report said Saturday. ...
Another Scandal hit the Korean presses as former Samsung Chairman Lee Gun-hee was cleared of the charge of related dealings to hand-over Samsung to his son Lee Jae-yong. Lee was convicted of Tax Evasion and... ...
Throughout my long lifetime American politicians on the Left have used class warfare as a tool in their efforts to stir up class envy and gain votes. The formula is always the same -- create a hated straw man, attack it, then promise to right the mythical wrong. The theme is always "rich vs. poor," "corporations vs. the people," "them vs. us," "Tax havens mean Tax Evasion" and so forth, ad nauseam. No better example of this crass demagoguery can be found than the reaction of some of the Democrat Party's "leaders" to a recent Government Accountability Office study . According to IRS figures, 72% of all foreign corporations doing business in America and 55% of all U.S. corporations paid no U.S. federal income taxes in at least one year between 1998 and 2005. During that same time period, 57% of foreign corporations and 42% of U.S. corporations paid no federal income taxes for two or more years, the GAO found. That led to an Associated Press story with the startling headline, " Most Companies in U.S. Avoid Federal Income Taxes ,'' and to a frenzy of business bashing by leading Democrats. Eh Gad! What a Scandal! Eh gad! Corporations paying no taxes! What's this -- another nefarious plot by those greedy capitalists? While average, hard working taxpayers are left to foot the bill? Quick Congress -- do something! Two of the left wing voices heard baying at the GAO's corporate no-Tax moon were -- you guessed it -- U.S. Senators Carl Levin (D- ...