• Saturday
  • August 30, 2014
  • Last updated: 4:26pm
Hong Kong




Refine Your Search

Sort by

Related Keywords

Search Results

Results 41 - 50 of 46245 for tax avoidance and tax evasion

Related topics matching your search

Search results

  1. New powers proposed for tax inspectors to thwart evasion

    Posted Apr 28th 2009, 12:00am by Paggie Leung

    ... Paggie Leung The government is planning to introduce a law that will allow the Inland Revenue Department to send details on individuals suspected of evading tax to authorities abroad. Under the proposals the department would be given more power to seek information from taxpayers and to issue search warrants for documents to assess tax liability. The move comes a few weeks ...

  2. 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 ...

  3. Business - Banking & Finance

    US fight against tax cheats wins wide support

    Posted Jun 04th 2014, 05:08am by AFP

    ... against tax evasion, US officials say. That many institutions in nearly 70 countries have registered to work under the rules of the Foreign Account Tax Compliance Act (Fatca), which ... and this success will help us in our goal of stopping tax evasion and narrowing the tax gap," said Robert Stack, the Treasury's deputy assistant secretary for international tax affairs. Looking ...

  4. 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 ...

  5. 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 ...

  6. Hong Kong saved from tax-haven tag in final communique

    Posted Apr 04th 2009, 12:00am by Enoch Yiu

    ... to crack down on tax evasion- a move already announced in this year's budget. Hong Kong's tax rules fell under the international spotlight on Thursday amid moves that threatened to see ... welcomed the decision not to include Hong Kong on any tax haven blacklist. She said Hong Kong had introduced 'effective measures' against tax evasion, and it had a simple, transparent ...

  7. Business - Banking & Finance - BANKING

    13 banks in spotlight after Credit Suisse penalty in US tax probes

    Posted May 27th 2014, 01:34am by BLOOM

    ... Bloomberg in Newark 13 banks face rising stakes after rival lender's guilty plea marks watershed in American crackdown on offshore evasion Credit Suisse offers map in U.S. tax probes Thirteen Swiss banks face rising stakes in criminal tax evasion probes after Credit Suisse Group set a new standard for punishment in the United States crackdown on offshore tax evasion. Julius ...

  8. Tax cheating vs avoiding- the difference is jail

    Posted Oct 25th 2009, 12:00am by Staff Reporter

    ... Howard Bilton Chairman of The Sovereign Group Denis Healey, former British finance minister, once remarked that, 'the difference between tax evasion and tax avoidance is the thickness ... That principle still holds good. Evasion is avoiding tax illegally. Normally this is achieved by incorrectly filling out your tax return or misrepresenting what you have done to gain a tax advantage. Put ...

  9. Lecturer admits tax evasion

    Posted Aug 01st 2007, 12:00am by Staff Reporter

    ... Yvonne Tsui A former deputy director of the Hong Kong Management Association and an associate of former first lady Betty Tung Chiu Hung-ping admitted yesterday that he had avoided more than HK$201,000 in taxes by understating his income by HK$1.3 million. Lau Tai-fai, 58, pleaded guilty in the District Court to six charges of tax evasion between 1997 and 2002, during which he ...


    Revealed: The worldwide network of sham directors

    Posted Nov 27th 2012, 12:00am by The Guardian

    ... and the Washington-based International Consortium of Investigative Journalists (ICIJ) has uncovered a booming offshore industry that leaves the way open for both tax avoidance and the concealment of assets. More ... tax. The agent, James Turner, of Turner Little in York, offers nominee directors in Belize and says: "They won't even know that they were a director, they just get paid." ...




SCMP.com Account