NEWS ABOUT: tax evasion

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Bank's 'Spy Novel' Tactics Hid US Tax Dodgers' Billions

And Justice Dept. did little to respond, per Senate report on Credit Suisse

(Newser) - Swiss bank Credit Suisse helped thousands of Americans keep as much as $12 billion in assets tucked away from the eyes of the IRS, a Senate report out yesterday alleges—and the bank used some unconventional techniques in the process, including once hiding bank statements in a copy of Sports ... More »

Beanie Babies Owner to Pay $53M Over Secret Account

Ty Warner will plead guilty to felony tax evasion charges

(Newser) - Creating Beanie Babies helped Ty Warner become the 209th richest man in America as of this year, with a net worth of $2.6 billion, according to Forbes . But a penalty will chip away at that sum: Warner has agreed to pay $53.5 million and plead guilty to tax-evasion... More »

Berlusconi Has Worst Day Yet in Court

His conviction, jail sentence for tax fraud is upheld

(Newser) - Silvio Berlusconi has had his share of bad days in court in recent years, but none worse than today. Italy's top court upheld his tax-fraud conviction and related one-year jail sentence, and almost every story calls it his "first definitive conviction" or some close variation after all his... More »

Russia Convicts a Dead Guy

Lawyer who died in police custody guilty of tax evasion

(Newser) - The first dead man tried in Russia has been convicted of tax evasion in a move the Telegraph says will do further damage to Vladimir Putin. Sergei Magnitsky, a lawyer who died in police custody in 2009, testified before his arrest that state officials tried to claim $230 million in... More »

Lauryn Hill Goes to Jail

Will serve 3 months in prison for tax evasion

(Newser) - Lauryn Hill has started serving a three-month prison sentence in Connecticut for failing to pay about $1 million in taxes over the past decade. A spokesman for the federal Bureau of Prisons says the Grammy-winning singer reported today to the federal prison in Danbury. The onetime Fugees singer pleaded guilty... More »

Fashion's Dolce, Gabbana Sentenced to Jail

Sentences suspended pending appeal

(Newser) - Celebrities from Madonna to Kate Moss wear Dolce & Gabbana, so one would think Domenico Dolce and Stefano Gabbana are doing pretty well. Not today. A Milan court convicted the pair of tax evasion and sentenced them to one year and eight months in jail. The jail sentences are suspended,... More »

Lauryn Hill Gets 3 Months in Prison

Compares her situation to slavery

(Newser) - Singer Lauryn Hill has been sentenced to three months in prison and three months in home confinement after pleading guilty to failing to pay taxes on almost $1 million in earnings. Hill told the judge that she had intended to pay the taxes ... eventually, but that she "needed to... More »

'Crocodile Dundee': My Tax Adviser Stole $34M

Paul Hogan sues Philip Egglishaw

(Newser) - Crocodile Dundee star Paul Hogan says his tax adviser, who allegedly helped him hide money in a Swiss account in order to avoid taxes , has made off with $34 million of it. Australia has a warrant out for Philip Egglishaw, who is allegedly behind the country's largest tax evasion... More »

Wesley Snipes Out of Prison for Tax Evasion

He'll serve remainder of term under house arrest

(Newser) - Wesley Snipes is a free man again, relatively speaking. The actor has been released from prison and moved to house arrest in New York City, reports TMZ . He had been serving a three-year sentence since December 2010 for failure to pay about $7 million in federal taxes from 1999 to... More »

Spanish Princess Suspected in Fraud Case

1st time modern Spain has seen royal suspect called to testify

(Newser) - For the first time since Spain re-adopted democracy in the 1970s, a member of its royal family has been summoned for testimony as a criminal suspect. Princess Cristina, King Juan Carlos' youngest daughter, is suspected in a case related to her husband's financial dealings. Iñaki Urdangarin allegedly moved... More »

Oldest Swiss Bank Calling It Quits After US Fine

Wegelin will pay $57.8M in fines

(Newser) - After more than two centuries in business, a Swiss bank is closing down following fines for helping American tax dodgers. Wegelin, the country's oldest bank, pleaded guilty to tax evasion charges and will pay $57.8 million in fines. After that, the bank founded in 1741 says it "... More »

Rapper 'Fat Joe' Admits Tax Evasion

He faces up to 2 years in prison over about $700,000

(Newser) - The rap artist "Fat Joe" pleaded guilty today to failing to pay taxes on nearly $3 million in income he earned over two years for performances and music royalties. The platinum-selling artist, whose real name is Joseph Cartagena, was once a Billboard chart topper with hits like the duet... More »

Stephen Baldwin Charged With Tax Evasion

New York state says he owes $350K

(Newser) - The youngest Baldwin brother is in trouble with the tax man. Stephen, 46, got arrested and charged with tax evasion today, reports the Daily News . New York state says he owes $350,000 for the years 2008-10. Baldwin was released on his own recognizance but is due back in court... More »

UK Blasts Starbucks, Google for 'Immoral' Tax Evasion

Starbucks vows to clean up its act

(Newser) - British lawmakers today accused Starbucks, Google, Amazon, and other major global companies of immoral tax avoidance, with Parliament's public accounts committee saying the government should "get a grip" on multinationals that exploit tax laws to move profits generated in Britain to offshore domains. The companies "are getting... More »

To Dodge Ticket Tax, Theater Sells Admission Carrots

Spanish media dub it the 'Carrot Rebellion'

(Newser) - When new austerity measures in Spain bumped the tax on theater tickets to 21% over the summer, Quim Marcé figured his theater in the small town of Bescanó would go under. Then he had an idea: Why not sell carrots, plentiful in the farmland that surrounds the village, instead of... More »

Berlusconi Sentence Reduced to One Year

Former Italian premier is expected to appeal

(Newser) - A court in Italy has convicted former Premier Silvio Berlusconi of tax fraud and sentenced him to four years in prison—but the court quickly reduced the sentence to one year as part of a movement to reduce prison overcrowding, the Telegraph reports. In Italy, cases must pass two levels... More »

Ai Weiwei Loses Final Appeal in Tax Case

Dissident must pay $2.4M fine—or face jail

(Newser) - Ai Weiwei lost his second appeal against a $2.4 million tax evasion fine today, settling the case for good. Now, if he doesn't shell out the remaining $1.05 million, the dissident artist could face jail time—and he says he's not paying, Reuters reports. To pay... More »

Ai Weiwei to Thousands of Supporters: Please Sue Me

Dissident artist's unusual move comes on heels of tax-case loss

(Newser) - Ai Weiwei today lost his challenge against tax evasion charges and the $2.4 million fine China has slapped him with—but he once again wasn't allowed into court to make his case, he says. Police barred him from attending today's court date, calling him to explicitly tell... More »

Doomsday Prophet Guilty of Tax Evasion

'But the world was ending!' excuse not bought by jurors

(Newser) - Jurors didn't buy a doomsday prophet's excuse that he didn't pay his taxes because he believed the end of the world was nigh. Ronald Weinland, who was found guilty of federal tax evasion Wednesday, apparently believed that the Swiss banking system would survive the apocalypse and second... More »

IRS: Lauryn Hill Dodged Taxes

Singer didn't file 3 straight years, faces serious charges

(Newser) - Lauryn Hill owns four companies and apparently has scads of money rolling in from song royalties, which means doing her taxes probably isn't a breeze. The IRS now says she employed the shaky accounting strategy of not filing at all from 2005 through 2007, reports Reuters . Given that she... More »

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