Tax evasion http://www.globalpost.com/taxonomy/term/24411/all en UK shares rise as U.S. earnings get off on the right foot http://www.globalpost.com/dispatch/news/thomson-reuters/130109/uk-shares-rise-us-earnings-get-the-right-foot <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 index rises 0.4 percent</p> <p>* Miners get boost from Alcoa's positive outlook</p> <p>* Banks led up by Lloyds after upgrade</p> <p>* Slow sales growth hits Sainsbury's despite meeting targets</p> <p>By Alistair Smout</p> <p>LONDON, Jan 9 (Reuters) - Britain's blue-chip stocks rose on Wednesday, led by banking stocks and miners, as a reassuring start to the U.S. earnings season boosted investors' appetite for riskier assets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/uk-shares-rise-us-earnings-get-the-right-foot" target="_blank">read more</a></p> Entertainment Financial economics Investment Tax evasion Thomson Reuters Wed, 09 Jan 2013 12:45:20 +0000 Thomson Reuters 5732080 at http://www.globalpost.com UPDATE 3-U.S. to seek UBS records in search for Wegelin tax dodgers http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-3-us-seek-ubs-records-search-wegelin-tax-dodgers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Federal judge authorises IRS to seek records from UBS</p> <p>* IRS can serve John Doe summons on UBS over Wegelin clients</p> <p>* Part of broader probe into Swiss bank secrecy</p> <p>* Wegelin pleaded guilty on Jan. 3</p> <p>By Joseph Ax</p> <p>NEW YORK, Jan 29 (Reuters) - A federal judge has authorized the Internal Revenue Service (IRS) to seek records from UBS AG of U.S. taxpayers suspected of hiding their income in accounts with Swiss bank Wegelin.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-3-us-seek-ubs-records-search-wegelin-tax-dodgers" target="_blank">read more</a></p> Investment Privacy Tax evasion UBS AG Thomson Reuters Tue, 29 Jan 2013 09:31:20 +0000 Thomson Reuters 5740924 at http://www.globalpost.com EU steps up measures against money laundering http://www.globalpost.com/dispatch/news/afp/130205/eu-steps-measures-against-money-laundering <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Commission said Tuesday it needs to step up the fight against money laundering as criminals and terrorists constantly find new ways around existing regulations.</p> <p>Accordingly, it plans to make it more difficult to get illicit funds through the financial system and to tighten up information disclosure on money transfers so as to make them more transparent and traceable.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/eu-steps-measures-against-money-laundering" target="_blank">read more</a></p> European Union Financial regulation Money laundering Tax evasion AFP Tue, 05 Feb 2013 16:01:04 +0000 Agence France-Presse 5746540 at http://www.globalpost.com Casinos get a pass in Philippines laundering law http://www.globalpost.com/dispatch/news/afp/130206/casinos-get-pass-philippines-laundering-law <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Casinos were given a free pass as the Philippine parliament Wednesday passed a tougher law against money-laundering but protected the government's bid to chase mega-dollars in Asia's gaming boom.</p> <p>The amendments passed by the Senate and House of Representatives apply to businesses other than banks and aim to stop the funneling of proceeds from criminal activity, as well as to block terror funding. </p> <p>They also raise prison terms and fines.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130206/casinos-get-pass-philippines-laundering-law" target="_blank">read more</a></p> Financial regulation Senate of the Philippines Tax evasion Technology AFP Wed, 06 Feb 2013 13:16:38 +0000 Agence France-Presse 5747520 at http://www.globalpost.com Philippine Congress approves expanded law against money-laundering http://www.globalpost.com/dispatch/news/thomson-reuters/130207/philippine-congress-approves-expanded-law-against-money-launder <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>MANILA, Feb 7 (Reuters) - Philippine lawmakers have approved amendments that expanded the coverage of a law on illegal movement of money as the country sought to escape sanctions from an international watchdog.</p> <p>A bicameral Congress committee gave its approval late on Wednesday to the measure strengthening the Anti-Money Laundering Act, ahead of a Feb. 18 meeting of the Paris-based Financial Action Task Force (FATF).</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/philippine-congress-approves-expanded-law-against-money-launder" target="_blank">read more</a></p> Congress Financial regulation Senate of the Philippines Tax evasion Technology Thomson Reuters Thu, 07 Feb 2013 05:30:33 +0000 Thomson Reuters 5748453 at http://www.globalpost.com US tax rules sour life for Americans abroad: expats http://www.globalpost.com/dispatch/news/afp/130209/us-tax-rules-sour-life-americans-abroad-expats <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Scott Schmith is a patriot and a US military veteran but he is no longer a US citizen: Sick of complex tax rules making his life in Switzerland miserable he recently handed back his passport. </p> <p>"It was a pretty big decision and there was a bit of anxiety," said the 50-year-old photographer who served in the 1990-91 Gulf war and has been living in Switzerland since 1993.</p> <p>But once he received his Swiss passport and handed back his US one last September, "it was like a load of weight off my shoulders."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130209/us-tax-rules-sour-life-americans-abroad-expats" target="_blank">read more</a></p> Finance Labor Law Multiple citizenship Social Issues Tax evasion AFP Sun, 10 Feb 2013 03:31:18 +0000 Agence France-Presse 5751500 at http://www.globalpost.com CORRECTED: US tax rules sour life for Americans abroad: expats http://www.globalpost.com/dispatch/news/afp/130210/corrected-us-tax-rules-sour-life-americans-abroad-expats <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Scott Schmith is a patriot and a US military veteran but he is no longer a US citizen: Sick of complex tax rules making his life in Switzerland miserable he recently handed back his passport. </p> <p>"It was a pretty big decision and there was a bit of anxiety," said the 50-year-old photographer who served in the 1990-91 Gulf war and has been living in Switzerland since 1993.</p> <p>But once he received his Swiss passport and handed back his US one last September, "it was like a load of weight off my shoulders."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130210/corrected-us-tax-rules-sour-life-americans-abroad-expats" target="_blank">read more</a></p> Finance Labor Law Multiple citizenship Social Issues Tax evasion AFP Sun, 10 Feb 2013 06:15:26 +0000 Agence France-Presse 5751527 at http://www.globalpost.com UBS executive Kengeter to exit bank -internal memo http://www.globalpost.com/dispatch/news/thomson-reuters/130213/ubs-executive-kengeter-exit-bank-internal-memo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Feb 12 (Reuters) - Carsten Kengeter, head of UBS's non-core portfolio and former chief of the investment bank, is set to leave, according to an internal memo seen by Reuters.</p> <p>Sam Molinaro will head the Swiss bank's non-core and legacy portfolio, with immediate effect, according to the memo.</p> <p>A spokesman for the company confirmed contents of the memo.</p> Investment Tax evasion Thomson Reuters Wed, 13 Feb 2013 14:45:47 +0000 Thomson Reuters 5754457 at http://www.globalpost.com Technology whizz kid tackles Greek tax evasion http://www.globalpost.com/dispatch/news/thomson-reuters/130215/technology-whizz-kid-tackles-greek-tax-evasion <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Greece appoints tax chief with IT experience to boost collection</p> <p>* Theoharis must fight "astonishing" tax evasion</p> <p>* Four in 10 declare themselves poor, twice as many as in reality</p> <p>By Harry Papachristou</p> <p>ATHENS, Feb 15 (Reuters) - Greece is pinning its hopes of boosting revenue from an antiquated tax system beset by massive evasion on Harry Theoharis, a boyish-looking 42-year-old who describes himself as an "I.T. monkey".</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130215/technology-whizz-kid-tackles-greek-tax-evasion" target="_blank">read more</a></p> Business Entertainment Labor Law Social Issues Tax evasion Tax reform Technology Value added tax Thomson Reuters Fri, 15 Feb 2013 09:30:48 +0000 Thomson Reuters 5756369 at http://www.globalpost.com Philippines hopes law will avert launder blacklisting http://www.globalpost.com/dispatch/news/afp/130216/philippines-hopes-law-will-avert-launder-blacklisting <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Philippines hopes to avoid being put on a blacklist of money-laundering havens after President Benigno Aquino signed a new law boosting safeguards against such crimes, his spokeswoman said Saturday.</p> <p>The law brings the country up to international standards as required by the inter-governmental Financial Action Task Force which threatened to blacklist it, spokeswoman Abigail Valte said.</p> <p>"We're very hopeful that, with the passage of this particular law, the FATF will see we are really serious in our commitment to fight money-laundering," she told reporters.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130216/philippines-hopes-law-will-avert-launder-blacklisting" target="_blank">read more</a></p> Economics Financial regulation Tax evasion AFP Sat, 16 Feb 2013 10:00:52 +0000 Agence France-Presse 5757399 at http://www.globalpost.com U.S. judge rules for Beirut bombing victims in Iranian funds case http://www.globalpost.com/dispatch/news/thomson-reuters/130301/us-judge-rules-beirut-bombing-victims-iranian-funds-case <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Lawyers say ruling puts victims' families one step closer to funds</p> <p>* U.S. victims of overseas attacks rarely get relief in courts</p> <p>* "Iran should ... be made to pay for its crimes" - victims group spokeswoman</p> <p>By Nate Raymond and Bernard Vaughan</p> <p>NEW YORK, March 1 (Reuters) - A U.S. judge issued a ruling favoring victims of the 1983 Beirut Marine barracks bombing who are seeking to collect $1.8 billion in Iranian funds held at Citibank.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130301/us-judge-rules-beirut-bombing-victims-iranian-funds-case" target="_blank">read more</a></p> Clearstream Economics Tax evasion War Thomson Reuters Fri, 01 Mar 2013 22:30:47 +0000 Thomson Reuters 5771421 at http://www.globalpost.com U.S. fighting use of armored cars in money laundering http://www.globalpost.com/dispatch/news/thomson-reuters/130306/us-fighting-use-armored-cars-money-laundering <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Brett Wolf</p> <p>ST. LOUIS, March 6 (Thomson Reuters Accelus) - Mexican drug cartels are using armored-car firms to help shield their efforts to smuggle and launder billions of cash dollars into legitimate-looking business profits, U.S. authorities believe, and financial regulators are seeking to crack down.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130306/us-fighting-use-armored-cars-money-laundering" target="_blank">read more</a></p> Financial crimes Financial regulation Tax evasion Thomson Reuters Thu, 07 Mar 2013 00:46:33 +0000 Thomson Reuters 5775580 at http://www.globalpost.com Three Greek ex-ministers charged with tax evasion http://www.globalpost.com/dispatch/news/afp/130306/three-greek-ex-ministers-charged-tax-evasion <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A Greek prosecutor has charged three former ministers with failing to properly declare their wealth and revenue in order to avoid tax.</p> <p>The charges laid Wednesday came two days after another ex-minister, Akis Tsochatzopoulos, received an eight-year jail term for hiding his revenue in the first of a series of trials related to his years in power.</p> <p>Tsohatzopoulos, 73, has denied the charges and plans to appeal.</p> <p>The court cases come at a time when Greece is suffering from heavy debt levels and amid tough austerity measures.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/three-greek-ex-ministers-charged-tax-evasion" target="_blank">read more</a></p> Akis Tsochatzopoulos Politics of Greece Social Issues Tax evasion AFP Thu, 07 Mar 2013 01:45:16 +0000 Agence France-Presse 5775624 at http://www.globalpost.com Draghi urges Cyprus to focus on its money-laundering laws http://www.globalpost.com/dispatch/news/thomson-reuters/130307/draghi-urges-cyprus-focus-its-money-laundering-laws <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FRANKFURT, March 7 (Reuters) - European Central Bank President Mario Draghi urged the new Cypriot government on Thursday to look at how it is combating money laundering.</p> <p>Euro zone finance ministers pledged this week to agree a bailout for Cyprus, hit primarily by its exposure to Greek debt, by the end of March, but details of how the rescue will be financed are yet to be sorted out.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130307/draghi-urges-cyprus-focus-its-money-laundering-laws" target="_blank">read more</a></p> Financial regulation Mario Draghi Money laundering Tax evasion Thomson Reuters Thu, 07 Mar 2013 15:30:22 +0000 Thomson Reuters 5776163 at http://www.globalpost.com Peru faces human rights complaint over Newmont gold mine http://www.globalpost.com/dispatch/news/thomson-reuters/130311/peru-faces-human-rights-complaint-over-newmont-gold-mine <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LIMA, March 11 (Reuters) - Anti-mining activists have filed a complaint with the Inter-American Commission on Human Rights accusing Peru's government of rights abuses during protests against one of Latin America's biggest mining projects, a protest leader said on Monday.</p> <p>The legal move could further stall efforts to revive U.S.-based Newmont Mining Corp's $5 billion Minas Conga project, which President Ollanta Humala's administration put on hold last August following months of protests in the northern highland region of Cajamarca.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130311/peru-faces-human-rights-complaint-over-newmont-gold-mine" target="_blank">read more</a></p> Newmont Mining Corporation Peru Tax evasion Thomson Reuters Tue, 12 Mar 2013 01:15:03 +0000 Thomson Reuters 5780252 at http://www.globalpost.com