Politics

Nevada Fraudster Pleads Guilty to Role in Scheme to File False Tax Returns Using Stolen Identities

A Las Vegas resident pleaded guilty to aggravated identity theft, wire fraud, theft of government property, and access device fraud, relating to a stolen identity tax fraud, on December 4, announced Principal Deputy Assistant Attorney General Richard...

Owner of Medical Laboratory Pleads Guilty to Filing False Tax Returns

A Shreveport, Louisiana, business owner pleaded guilty to filing false tax returns, on December 3, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney David C. Joseph...

Hong Kong and Macao enter into tax pact

A spokesman for the Government announced on November 25 that Hong Kong and Macao have signed a comprehensive avoidance of double taxation arrangement (Arrangement), signifying enhanced tax co-operation between Hong Kong and Macao.

Final regulations confirm: Making large gifts now won’t harm estates after 2025

The Treasury Department and the Internal Revenue Service on November 22 issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely...

Africa: Urgent action needed to mobilise domestic resources as tax revenues plateau

The average tax-to-GDP ratio for the 26 countries participating in the new edition of Revenue Statistics in Africa was unchanged at 17.2% for the third consecutive year in 2017. This was lower than the averages for Latin America and the Caribbean (LAC...

Owner of Long Island Painting Firm Sentenced to Prison for Tax Evasion

A Long Island, New York, business owner was sentenced to 12 months and one day in prison for tax evasion, on November 21, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division.

Former Chief Executive Officer of a Brazilian Petrochemical Company Charged for His Role in a Scheme to Pay Bribes to Brazilian Officials and to Falsify Company Books and Records

An indictment was unsealed charging a former chief executive officer (CEO) of Braskem S.A. (Braskem), on November 20, a publicly traded Brazilian petrochemical company, for his role in a massive bribery and money laundering scheme involving Braskem...

Colorado Business Owner Convicted in $7 Million Biodiesel Tax Credit Fraud Scheme

A federal jury in Denver, Colorado, found Martin Fields guilty of conspiracy to defraud the United States, conspiracy to commit money laundering, making false claims against the United States, and money laundering, on November 19, announced Principal...