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  • August 28, 2014
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Results 1 - 10 of 5735 for tax avoidance and tax evasion

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  1. Two months' jail for tax evasion

    Posted May 12th 2006, 12:00am by Martin Wong

    ... is three years in jail and a fine of $50,000. On top of that, there is a further fine equal to three times the amount of tax evaded. The number of tax avoidance cases in the first 11 months ... was the second this year in which a person found guilty of tax evasion was jailed. In March, a 39-year-old property owner pleaded guilty in Eastern Court to three charges of wilfully intending to evade ...

  2. All In A Day's Work: Tracking tax dodgers

    Posted Jun 23rd 2007, 12:00am by tamara de guzman

    ... deals with tax avoidance cases. I lead a section that consists of four teams of officers, and I'm responsible for the planning and control of work. I graduated from Hong Kong Polytechnic ... spectrum of taxpayers, from corporations to individuals from all walks of life, so I relish the challenges of meeting different people every day. For tax avoidance cases, we look at the corporate ...

  3. Nanjing developers dodge $47m in tax

    Posted Jan 11th 2004, 12:00am by Staff Reporter

    ... and delaying tax payments. Tax evasion is a serious problem on the mainland. Officials said in July that China had lost more than 30 billion yuan annually in recent years due to tax avoidance ... spokesman said it was shocked when auditors found 87 of the 88 developers in the city had falsified their books to avoid paying taxes. 'Property development is a lucrative business and we ...

  4. Income tax plans find little favour

    Posted Mar 09th 2006, 12:00am by David Marsh

    ... be payable by most of the population for the first time. Small salaries, unreported income and tax evasion means that less than 5 per cent of the workforce currently pays income tax. The prospect ... David Marsh in Hanoi For the first time, most citizens will pay Having survived war and decades of poverty, Vietnamese citizens are now facing a more common scourge: income tax ...

  5. Taxpayers understate $4.47b of earnings, profits

    Posted Mar 11th 2006, 12:00am by Staff Reporter

    ... and profits stood at $3.8 billion. But the number of tax avoidance cases completed so far was on a par with last year's, with 191 in the 11 months of the current financial year compared with 213 for the whole of last year. In a separate reply to Democrat Sin Chung-kai, the department also said that it would tackle the work arising from the goods and services tax consultation through internal ...

  6. Business - Banking & Finance - BANKING

    British tax authorities investigate list of HSBC accounts in Jersey

    Posted Nov 10th 2012, 12:00am by BLOOM

    ... Department of Justice for allegedly helping American clients evade taxes. HSBC said in May that penalties to settle the tax-evasion probe could be "significant". The Swiss unit had suffered ... British tax authorities are investigating a list of more than 4,000 British residents who have bank accounts with HSBC Holdings, the country's biggest lender, in the offshore tax ...

  7. US tax authority to target offshore banks in new crackdown on evasion

    Posted Jun 12th 2011, 12:00am

    ... John Carney john.carney@scmp.com The US Internal Revenue Service (IRS) plans to move against 'one or more banks' in its crackdown on offshore tax evasion this summer. Steven ... taxpayers living outside of the US.' $780m The is the amount, in US dollars, Swiss bank UBS paid US authorities to avoid prosecution for aiding tax evaders in 2009 ...

  8. Glencore denies tax evasion over mine in Zambia

    Posted May 13th 2011, 12:00am

    ... filed a complaint to the Organisation for Economic Co-operation and Development accusing Glencore of tax evasion in the poor African country between 2003 and 2008. But chief executive Ivan ... to avoid tax. Their report, based on an audit international accounting firm Grant Thornton prepared for the Zambian government, alleged there was an unexplained US$380 million increase in operating ...

  9. Fight against tax evasion leaves few places to hide

    Posted Oct 19th 2003, 12:00am by David Evans

    ... line between legal tax avoidance and illegal tax evasion but, as a former British chancellor once put it, 'the difference between tax avoidance and tax evasion is the thickness of a prison ... of noncompliant taxpayers with incomes above US$100,000 avoid penalty. Mr Rennell says minimising the amount of tax or pay is legitimate but outright tax evasion is not. He believes it is only a matter ...

  10. Expensive habit

    Posted May 21st 2004, 12:00am by B.J. Lee

    ... business-related corruption, entertainment has been growing steadily, and is often used as a front for tax evasion and shady deals. Lavish meals and drinks, and expensive rounds of golf are particularly ... tax office requires companies to submit detailed information about entertainment costing more than 500,000 won (HK$3,300). Companies have to reveal the identity of the people being entertained ...




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