tax evasion

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Some of the Panama Papers Won't Be Released

Leaker had 'very strong moral impulse'

(Newser) - The newspaper that first received the Panama Papers says it isn't going to release all 11.5 million files it received from a whistleblower to the public or to law enforcement—because it "isn't the extended arm of prosecutors or the tax investigators." Sueddeutsche Zeitung has... More »

Winner of Panama Papers Scandal: Bernie Sanders?

He spoke out about offshore tax havens 5 years ago

(Newser) - "Panama is the world leader when it comes to allowing wealthy Americans and large corporations to evade US taxes by stashing their cash in offshore tax havens." It's a quote as timely today as it was in 2011 when Bernie Sanders spoke about the Panama Free Trade... More »

Ikea Accused of Funneling Money, Evading $1B in Taxes

'Profit shifting' apparently common in Europe

(Newser) - How do you say "large-scale tax avoidance" in Swedish? That's what a new report from the European Parliament's Greens/European Free Alliance group is accusing Ikea of, to the tune of $1.1 billion, per CNNMoney . The report alleges that the retail giant funneled money from its stores... More »

Bar Refaeli, Mom Arrested for Tax Evasion

Israeli supermodel allegedly skirted taxes

(Newser) - Bar Refaeli, Israeli supermodel, draft-dodger , and ex-galpal of Leonardo DiCaprio , has been arrested for alleged tax evasion, AFP reports. Israeli authorities say Refaeli lied about her residency in order to skirt taxes on millions in income from abroad; she's also suspected of failing to report benefits (like free luxury... More »

Huge Leak Exposes Bank's Tax-Dodging Secrets

Whistleblower made off with 100K Swiss files

(Newser) - Herve Falciani may not be a household name, but he has done to banking giant HSBC what Edward Snowden did to the NSA. A huge cache of files the IT expert obtained in 2007 has revealed how HSBC's Swiss arm not only held secret accounts for some of the... More »

After Talk With Boehner, NY Rep Steps Down

Grimm pleaded guilty to tax evasion last week

(Newser) - Rep. Michael Grimm told reporters he wouldn't resign after he pleaded guilty to tax evasion last week, but John Boehner appears to have used his powers of persuasion on New York City's only Republican representative in Congress. Grimm announced his resignation in a statement last night that sources... More »

NY Rep Grimm Pleads Guilty to Tax Evasion

Sentencing set for June 8

(Newser) - As expected , US Rep. Michael Grimm has pleaded guilty in a federal tax-evasion case that he fought as he won re-election this fall. Grimm pleaded guilty today in a New York federal court to one count of aiding in the filing of a false tax return. Sentencing is set... More »

Sources: NY Rep Grimm to Plead Guilty to Tax Evasion

His hearing is scheduled for tomorrow in Brooklyn

(Newser) - People familiar with the case tell the AP that US Rep. Michael Grimm of New York City is planning to plead guilty to a tax evasion charge instead of going to trial next month. A plea hearing is scheduled for tomorrow in federal court in Brooklyn. Lawyers for Grimm and... More »

Adolf Hitler: Billionaire Tax Dodger?

Documentary claims he was both secret billionaire, tax evader

(Newser) - Amid Adolf Hitler's staggeringly horrific crimes against humanity, some pretty heavy-duty tax evasion appears to have been overlooked, a new British documentary set to air Friday finds. The Hunt for Hitler's Missing Millions argues that the Fuhrer had plenty of money-making schemes, the Mirror reports: He copyrighted his... More »

Swiss Bank: Yep, We Helped Americans Duck Taxes

Credit Suisse pleads guilty in Justice Department case

(Newser) - Credit Suisse AG has pleaded guilty to helping wealthy Americans avoid paying their taxes through offshore accounts, CNN Money reports. A person familiar with the matter said the European bank has agreed to pay about $2.6 billion in penalties, which will apparently be paid to the Justice Department and... More »

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 »

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