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Wednesday, October 16, 2019

Tag: tax evasion

Chinese billionaire indicted in US$1.8 bil tariff evasion scheme

Liu Zhongtian, the former chairman of China Zhongwang Holdings, is accused of exporting huge amounts of aluminium disguised as pallets to avoid paying customs duties of up to 400%.

Pay your taxes or LHDN will come knocking, Dr M tells...

The prime minister says the Inland Revenue Board will go after anyone with tax arrears.

Spanish tax authorities investigating Neymar, report says

The Brazilian international and Barcelona are already battling in court over a bonus the player was paid in 2016.

We believe you, LHDN boss tells taxpayers taking up disclosure programme

Internal Revenue Board CEO says taxpayers need to put their trust in the tax system and take up the offer under the Special Voluntary Disclosure Programme.

UBS CEO: Protecting dividend is priority following fine

UBS is keeping its dividend guidance as well as its expectations for share buybacks.

China’s rich can run from the taxman, but hiding is harder

Rich Chinese scurry for tax havens and scour ways to keep their wealth away from the evergrowing grasp of the authorities.

Mixed emotions in Germany as 500-euro note bows out

While the plan to slowly kill off the 500-euro note has made few waves abroad, it sparks emotional debate in Germany where many fear it is a prelude to abolishing cash altogether.

Ronaldo accepts fine for tax evasion, avoids jail

Ronaldo's court appearance lasted about 15 minutes as he only needed to sign off on the previously settled agreement.

Government looks to data exchange to curb tax evasion post-GST

Finance Minister Lim Guan Eng says the OECD's Common Reporting Standard can help check the evasion of tax through trade mispricing.

‘Jersey Shore’ star Sorrentino sentenced to 8 months for tax evasion

Prosecutors said Sorrentino, 37, and his brother, Marc Sorrentino, 39, had hidden millions of dollars Mike made from the MTV series "Jersey Shore."

China fines Fan Bingbing in months-long tax evasion case

Chinese tax authorities have been investigating the entertainment industry for possible evasion.

Trump helped parents shield millions from taxes, says report

It is unlikely Trump will face criminal prosecution because the acts were past the statute of limitations.

Mystery around disappearance of Chinese star Fan Bingbing

Fan's name has been mentioned in reports concerning a common entertainment industry practice of having a public contract stating an official salary and a private contract detailing the true, much higher pay.

Modrić reaches Spanish tax settlement

Luka Modrić agreed to an eight-month jail sentence likely to be converted into a fine.

Vanished China star Fan last in ‘social responsibility’ ranking

State news agency Xinhua reported in late June that government agencies, including the tax authority and the film and broadcast regulator, would crack down on excessive pay and tax evasion in entertainment.

Lawyer: Shafee could be scrutinised by tax people over RM9.5 million

S Saravana Kumar questions whether Muhammad Shafee Abdullah submitted the money as part of his income tax, and whether the submission was made in the correct year of assessment.

Prosecutors demand 20 years in jail for ex-South Korea president Lee

The case against Lee means all four former South Korean presidents who are still alive have been charged or convicted for criminal offences.

Mourinho accepts one year in prison in Spanish tax case

Mourinho is unlikely to serve any time in jail under the deal because Spanish law states that a sentence of under two years for a first offence can be served on probation.

China sets cap on movie-star pay, targets ‘Yin-Yang’ tax dodge

Under the directive reported Wednesday, compensation to performers must not exceed 40% of total production cost. Nor can leading actors be paid more than 70% of total cast remuneration.

China issues new rules to stop movie stars evading tax

Actors' salaries are no longer allowed to exceed 40% of total production costs.

Korean Air chief appears for questioning over suspected tax evasion

An angry outburst at a business meeting by Cho's youngest daughter, Cho Hyun-min, sparked public outrage at alleged abuse of power by South Korean family-owned conglomerates, or chaebols, leading to investigations of several of his family members.

Spanish minister resigns over tax evasion

Culture Minister Màxim Huerta resigned related to allegations of tax evasion while working as a TV journalist in the mid- to late 2000s.

Former South Korean president Lee slams corruption charges

Lee Myung-bak faces multiple charges including bribery, abuse of power, embezzlement, and tax evasion.

Bucharest court acquits former Romanian PM in graft case

Victor Ponta was acquitted of charges of forgery, money-laundering, and being an accessory to tax evasion.