Sentences with phrase «facilitate tax evasion»

«It's possible to use Bitcoin and other cryptocurrencies in the same fashion as foreign bank accounts to facilitate tax evasion.»

In a statement the firm, founded by agent Jorge Mendes, said: «One newspaper makes the unfounded allegation that Gestifute, its clients and its advisers of having, directly or indirectly, created, organised or designed tax structures to facilitate tax evasion using tax havens.

Companies registered in tax havens are often used for legitimate business purposes, but also can facilitate tax evasion and money laundering.

It's possible to use Bitcoin and other cryptocurrencies in the same fashion as foreign bank accounts to facilitate tax evasion,

Our own policies often go further than the minimum required by local laws and regulations, and we continue to strengthen our processes to help ensure our banking services are not associated with any arrangements known or suspected to be designed to facilitate tax evasion.

«We commit to reviewing penalties and other actions against professional enablers of tax evasion, including for corporations that fail to prevent their employees from facilitating tax evasion.

The Chartered Institute of Taxation (CIOT) has warned that legislation in today's Queen's Speech must have effective guidance so that companies know when they are taking adequate measures to guard against rogue members of staff facilitating tax evasion or money laundering.

CIOT has responded to HMRC's recent consultation on proposals to find an appropriate and proportionate means of ensuring corporations can be held accountable under the criminal law for failing to prevent their agents from criminally facilitating tax evasion.

Indeed, our embattled Prime Minster wants to hold companies criminally liable if they fail to stop their employees from facilitating tax evasion.

The new legislation introduces an entirely new offence whereby corporations can be held responsible if any employee or agent acting on their behalf facilitates tax evasion in any way — and it has a global scope.

Two new corporate offences of facilitating tax evasion under the Criminal Finances Act 2017 also adopt a failure - to - prevent model, with criminal liability attaching for the acts of persons acting on the company's behalf unless the corporate can show it had reasonable prevention procedures in place.

Not exact matches

As with the above, HMRC is also under pressure from the public to see more companies and partnerships prosecuted — in particular those who fail to prevent their staff and agents from criminally facilitating third party tax evasion.

Earlier this month the European parliament announced an inquiry into financial crime, tax evasion and tax avoidance, including measures to circumvent VAT on private jets facilitated by Appleby.

Role of taxation department employees to facilitate the procedure of tax evasion by corruption.

«While legislators had valid reasons for promulgating the PFIC regulations, namely to discourage US citizens from deferring or avoiding US taxation by investing in non-US corporations, the PFIC rules are over-inclusive In practice, the PFIC regime captures assets that do not facilitate the legislative intent of preventing tax evasion and tax deferral.

One new offence applies to all businesses, wherever located, if they facilitate UK tax evasion; and the second new offence applies to UK - connected businesses if they facilitate non-UK tax evasion.

There are the so - called «professional enablers» provisions under the Serious Crime Act 2015 criminalising those who facilitate offences including tax evasion.

For the offence to be made out there has to have been an offence of tax evasion committed either in the UK or abroad by either a tax payer or business (note: there is no requirement for a criminal conviction of the tax evader)-- it must have been facilitated (enabled, aided, abetted, counselled, procured) not just by an employee, but includes others associated with the company.

Offshore tax havens can be used in legal ways, but most of the data leaked points towards illegal structures that hide the true owners of recorded money, where it's from and facilitate the evasion of tax on national shores.