Argentina's “King of Meat”, the businessman Alberto Samid, was arrested Friday in the tiny Caribbean nation of Belize after fleeing Argentina in late March.
Jersey, Guernsey and the Isle of Man are not represented in the House of Commons, yet MPs are being asked to change laws in the islands. Some have warned the move could spark a constitutional crisis, and even calls for independence. So can MPs actually force the laws - making company ownership information public - on the Crown dependencies?
Football superstar Cristiano Ronaldo has paid a fine of almost €19 million for tax fraud in Spain on Tuesday but will avoid a 23-month prison sentence as part of the deal.
Footballer Cristiano Ronaldo has reportedly agreed to accept a €18.8m fine and a suspended jail term to settle tax evasion charges. The Real Madrid and Portugal footballer, 33, was accused last year of defrauding tax authorities of €14.8m, charges he denies.
Spanish opposition parties have launched a fierce campaign to end the conservative government of Mariano Rajoy after courts ruled that his Partido Popular profited from a large kickbacks-for-contracts scheme. The Socialist opposition announced a vote of no confidence against the prime minister with the backing of anti-establishment and left-wing parties, while the pro-business Ciudadanos (Citizens) – which had supported the conservative minority government until now – urged Mr Rajoy to call a fresh election.
By Juan Carlos Varela (*) - The following was published by The New York Times in The Opinion Pages. DESPITE their name, the Panama Papers are not mainly about Panama. They are not even primarily concerned with Panamanian companies. The more than 11 million documents, illegally hacked and released last week relating to previously undisclosed “offshore” corporations, is roiling the world with revelations of the vulnerability for rampant abuse of legal financial structures by the wealthy.
Gibraltar Deputy Chief Minister, Dr Joseph Garcia, has written to the European Commission in order to set the record straight following ‘misinformation’ about Gibraltar propagated by a Spanish MEP. This comes after the Spanish MEP, Ramon Jauregui Atondo, tabled a question before the European Parliament in which he said that Gibraltar ‘facilitates tax evasion and financial crime’.
US corporation firm General Electric has “over-invoiced” imports in a financial maneuver designed to access additional dollars in the official foreign exchange market, claimed Argentine Cabinet Chief Jorge Capitanich. GE thus becomes the second large US company in less than a week to face accusations of financial trickery in order to obtain economic benefits.
Fifty one nations on Wednesday signed what was hailed as a milestone in the fight against tax evasion, an agreement that commits them all to automatic exchange of tax information starting in 2017. The accord capped a two-day meeting of officials from most of the 123 nations that have joined the Global Forum, which evolved from an agreement by Germany and Britain two years ago to crack down on tax evasion and tax fraud.
Italy’s tax collection agency says it has formally notified Diego Maradona that it will begin procedures to freeze his assets in Italy to pay off his tax debt of 39 million Euros or 53 million dollars.