• Wed
  • Sep 24, 2014
  • Updated: 2:06pm

Tax Evasion

Britain to make full details of company ownership available to public

British Prime Minister David Cameron is set to announce on Thursday that he will make public a new database of company ownership details designed to expose international money laundering and tax evasion schemes.

Thursday, 31 October, 2013, 12:08pm

Swiss bankers stay home amid US global tax evasion manhunt

As a US hunt for tax evaders and their accomplices gains momentum, many Swiss bankers are afraid to go abroad for fear of arrest, one business leader said.

28 Oct 2013 - 11:34am

French HSBC tax case report reveals US$5b in Swiss funds

France needs to beef up its methods of fighting tax evasion, according to a parliamentary report on a probe into HSBC that revealed US$5 billion (HK$38.8 billion) of undeclared assets in thousands of Swiss bank accounts.

11 Jul 2013 - 11:16am

Call for global information system to curb tax evasion

The leading developed nations have called for the creation of a global system to automatically funnel financial information about individuals and companies using offshore tax havens, but Switzerland does not want to co-operate.

19 Jun 2013 - 8:43am

Britain clinches deal on tax havens

Britain clinched a deal with its major offshore tax havens yesterday that will see 10 British overseas territories and crown dependencies sign up to international protocols on information sharing.

16 Jun 2013 - 6:51am 2 comments

Switzerland frees banks to settle US tax evasion cases

Switzerland aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to US prosecutors.

30 May 2013 - 1:46pm

Swiss to let banks give client info to the US

Switzerland is proposing a change to its banking laws that will let Swiss banks pass on information about US citizens to the United States tax authorities.

30 May 2013 - 4:33am

Bank chief probed over secret deals

Raiffeisen Bank International chief executive Herbert Stepic owns a Hong Kong firm, Takego, and a BVI firm, Yatsenko International, which he used to buy three flats in Singapore, said a Reuters report that a spokesman for the bank confirmed was accurate.

24 May 2013 - 4:34am

Barry Cheung makes waves in Moscow

We see that Barry Cheung's difficulties with the Hong Kong Mercantile Exchange have made waves in Moscow. This is because he is an independent non-executive director on the board of Rusal, the world's largest aluminium company, which, although Russian, is listed in Hong Kong.

24 May 2013 - 3:47am 1 comment

Apple taxes turn into Cook's latest firefighting job

In almost two years since Tim Cook became chief executive, Apple has lurched from one reputation-threatening public-relations predicament to the next - from criticism of its labour practices in China, to faulty mapping software that marred the release of the iPhone 5. Most recent case in point: Cook testified yesterday before Congress to defend Apple against allegations that it dodged US$9 billion in taxes in 2012.

24 May 2013 - 3:47am