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  1. News - World - TAX EVASION

    G20 backs OECD global plan to curb tax avoidance

    Posted Jul 22nd 2013, 12:00am by AFP

    ... Agence France-Presse in Moscow OECD proposal would reduce multinationals' ability to avoid tax and could result in biggest change in global tax system since the 1920s G20 backs plan to curb tax evasion The Group of 20 has fully endorsed an action plan to clamp down on tax avoidance which its creators say could lead to the biggest change in the global tax system since ...

  2. News - World - UNITED STATES

    Obama's budget targets tax loopholes of rich

    Posted Apr 11th 2013, 12:00am by AFP

    ... but irked liberal allies. Obama said his blueprint for fiscal year 2014 would shield the middle class by closing tax loopholes that help the rich, would grow the economy, cut the deficit, train ... budget that slashes spending, warned that Obama had already made life tough enough on the rich, adding: "We don't need to be raising taxes on the American people." For years, ...

  3. 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 ...

  4. Business - Companies - TAXATION

    Google's US$2bn tax bill dodge sparks outrage

    Posted Dec 11th 2012, 12:00am by Bloomberg

    ... the European Commission, advised member states to create blacklists of tax havens and adopt anti-abuse rules. Tax evasion and avoidance, which cost the European Union €1 trillion (HK$9.9 trillion) ... Bloomberg in Rome Internet search giant used legal tactics to route revenues to Bermuda to side-step levies Google's US$2b tax avoidance sparks outrage Google avoided about US$2 ...

  5. Business - Economy

    EU trying to close 'letter-box subsidiary' tax loophole

    Posted Nov 26th 2013, 09:20am by Reuters in Brussels

    ... schemes that flout the spirit of the tax code. “When our rules are abused to avoid paying any tax at all, then we need to adjust them,” he said. “Today’s proposal will ensure that the spirit, ... to avoid paying any tax at all, then we need to adjust them EU taxation commissioner Algirdas Semeta One EU official, speaking anonymously, said the drive would in particular hit Luxembourg ...

  6. Beijing acts to beat tax cheats

    Posted Jul 19th 2006, 12:00am by Peggy Sito

    ... Peggy Sito The Beijing city government has increased its efforts against tax evasion by thwarting sellers' efforts to understate sale prices on second-hand property. From October, ... billion yuan. The takings accounted for about 30 per cent of the city's total tax income, according to Xinhua. However, tax evasion in the property sector remains widespread. Last year, ...

  7. News - World

    Russian news agencies say a court has found dead lawyer Sergei Magnitsky guilty of tax evasion

    Posted Jul 11th 2013, 04:25pm by AP

    ... MOSCOW (AP) — Russian news agencies say a court has found dead lawyer Sergei Magnitsky guilty of tax evasion. ...


    Posted May 21st 2011, 12:00am

    ... Shi Jiangtao jiangtao.shi@scmp.com Beijing last night said a company controlled by artist Ai Weiwei was found to have been involved in tax evasion and deliberately destroying evidence, ... to seven years in prison for the tax evasion charge against his firm. But it was the second allegation of destroying evidence that signalled real trouble, Liu said. Ai was picked up on April ...

  9. Business - Companies

    Apple, IBM stash more profits overseas to avoid US taxes

    Posted Mar 14th 2014, 01:06am by BLOOM

    ... in low-tax countries until Congress gives them a reason not to. The multinational companies have accumulated US$1.95 trillion outside the US, up 11.8 per cent from a year earlier, according ... of the total increase. "The loopholes in our tax code right now give such a big reward to companies that use gimmicks to make it look like they earn their profits offshore," said Dan Smith, ...

  10. News - World

    Milan court convicts fashion designers Domenico Dolce and Stefano Gabbana of tax evasion

    Posted Jun 19th 2013, 10:52pm by AP

    ... MILAN (AP) — Milan court convicts fashion designers Domenico Dolce and Stefano Gabbana of tax evasion. ...




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