Business Jun 11, 2017
Japanese individuals, firms named in Panama Papers owe ¥1 billion in taxes on hidden income
Calculation is first by Japanese authorities of amount owed on undeclared income exposed in leaked documents.
World / Crime & Legal Dec 8, 2016
French ex-minister who fought tax evasion jailed for tax fraud
A former minister who led a French government crackdown on tax evasion was sentenced to three years in jail on Thursday for hiding an offshore bank account of his own, in a scandal that deeply embarrassed President Francois Hollande. A Paris court found Jerome Cahuzac, ...
Business Jul 1, 2016
OECD tax-dodging confab concludes with agreement to draft blacklist criteria
by Eric Johnston
In effort to crack down on corporations and individuals that evade taxes overseas, representatives from 82 countries agreed to draft criteria that could be used to put non-cooperative nations and jurisdictions on an international blacklist. The two-day meeting, which concluded in Kyoto Friday, was held ...
Editorials Apr 12, 2016
Insight into the global shell game
A trove of documents from a Panamanian law firm is rattling politics around the world.
Commentary / World Apr 12, 2016
Cameron may be clean, but that isn't the point
by Therese Raphael
Revelations that British Prime Minister David Cameron benefited from shares in a Panama-based fund have undermined the honest-broker image he was seeking ahead of the "Brexit" referendum.
World / Politics Apr 10, 2016
In wake of 'Panama Papers' scandal, British leader Cameron releases tax summary
Prime Minister David Cameron released his tax details Sunday in a bid to defuse a row over his father's offshore business, but faced further questions over money he received from his mother. Cameron took the unprecedented step of publishing a summary of six years of ...
More Sports / Football Dec 8, 2015
Burress pleads guilty to tax evasion charges
Former NFL star Plaxico Burress pleaded guilty Monday to New Jersey tax evasion charges after reaching a plea deal that could potentially spare him any jail time. Burress, 38, of Totowa, declined to comment on the plea he entered in state Superior Court, telling reporters ...
World / Crime & Legal Dec 31, 2014
After tax evasion guilty plea, N.Y. Republican Rep. Grimm to resign
A U.S. congressman who pleaded guilty to tax evasion just days ago has announced he'll resign from office next week because he would not be able to give the job his full attention anymore. Republican Rep. Michael Grimm of New York issued a statement late ...
World / Crime & Legal Dec 24, 2014
AP sources: NYC Rep. Grimm to plead guilty to tax evasion
U.S. Rep. Michael Grimm was expected to plead guilty to a federal tax evasion charge Tuesday, people familiar with the plea negotiations said, but it was unclear what would become of his congressional career. Grimm was due in a Brooklyn federal court Tuesday on the ...
National / Crime & Legal Nov 18, 2014
Key figure in hospital-election scandal failed to declare ¥100 million: sources
Tax authorities have found that a central suspect in an election scandal involving a major hospital chain failed to report about ¥100 million in taxable income in 2006, sources said Tuesday. Torao Tokuda, the 76-year-old founder of the Tokushukai group who is now battling amyotrophic ...
Business / Corporate Jun 20, 2014
Shiseido charged tax penalties in Japan for allegedly keeping profits in U.S.
Shiseido Co. is under fire from tax authorities for allegedly failing to report ¥3.8 billion in income for a five-year period through March 2012 by pooling profits at a U.S. subsidiary, sources said. Japan's top cosmetics brand is planning to dispute the allegation by filing ...
Business May 24, 2013
Betting slips are a business expense, win or lose: court
In a landmark decision, the Osaka District Court ruled Thursday that betting slips for horse races can be counted as a business expense, a finding that could alter rulings on other tax evasion cases related to gambling. The decision was handed down in the case ...