Sentences with phrase «tax evasion»

Federal prosecutors charged Ippolito in March with six counts of tax evasion for failing to report $ 2 million in income received from Carlo Lizza & Sons Paving, a town contractor based in Old Bethpage, as well as from an unidentified Lizza family member from 2008 to 2013.

The data seized ultimately formed the basis for tax evasion charges against Bo Ping He, Yun Mei He and Yi Ming Jiang.

Mr. Grimm claimed he was innocent of tax evasion charges but pleaded guilty to a single charge after he won re-election in November.

Mr. Grimm was indicted on tax evasion charges in April and will be tried next year.

The Daily News is reporting that former FBI agent and newly re-elected Congressman Michael Grimm (R - Journo Tossing) will plead guilty to one felony count of tax evasion in federal court tomorrow.

A survey was recently conducted on suspicion of alleged tax evasion by the Income Tax Department of India on 13th December on the major Bitcoin exchanges across India including those located in Bengaluru, Delhi, Kochi, Hyderabad and Gurugram.

At the time Ellner was living in Levy's house, he had already been convicted in 1997 on charges of federal tax evasion for which he was sentenced to one month in jail, three months of home confinement and three years of probation, records show.

In 2003, both men were charged with tax evasion related to the one - day transaction which included acquiring 62 works of art, selling 58 works of art, and earning about $ 17 million in taxable capital gains, according to a civil lawsuit filed against Gagosian and Brant by then - U.S. Deputy Attorney General James Comey in Manhattan.

11 million documents exposing various offshore deals, were leaked by an employee, mainly showcasing alleged tax evasion by high profile individuals.

OTTAWA — The Canada Revenue Agency says it won't hesitate to investigate new evidence of offshore tax evasion in the wake of a second massive leak of tax haven financial records.

The risk is notably bigger for insurers and those FS firms that have a lot of intermediated business (IFAs, brokers etc.), as they are more likely to have agents operating on their behalf in a position to help facilitate tax evasion by customers.

While the IRS does not pursue criminal tax evasion cases for many people, the penalty for those who are caught is harsh.

Grimm later was indicted for tax fraud, won his reelection bid to continue to serve as Congressman for Staten Island and eventually resigned his seat on January 5 of this year after accepting a plea deal on felony tax evasion.

Matthew Libous was accused of income tax evasion for not reporting income he made from several cell phone companies.

He also promised a more robust criminal deterrent against tax evasion by increasing the number of criminal prosecutions by Revenue and Customs fivefold.

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

The Internal Revenue Service revealed new details about its investigation into tax evasion related to bitcoin, filing court documents that suggest only a tiny percentage of virtual currency owners are reporting profits or losses in their annual returns.

Also, revisions to the laws on income tax and corporate tax would allow financial authorities to tackle tax evasion from the digital currency transactions.

In total, we expect the action we announce today will increase the amount of money collected from tax evasion and avoidance by a further # 2bn a year.

Defended individual charged with federal tax obstruction in multi-defendant federal criminal tax evasion prosecution, resulting in favorable plea agreement and sentence of home detention

Multinationals may face «unmanageably onerous obligations» to prevent tax evasion due to the global scale of the Criminal Finances Act, say lawyers at QEB Hollis Whiteman Chambers in an article in NLJ this week.

Recent corporate tax evasion scandals reveal that despite of progress in terms of greater tax fairness, transparency, and exchange of information, plenty remains to be done to close existing loopholes.

The CRA's new policy is part of the agency's key initiative to target tax cheats, especially offshore tax evaders, and includes $ 444 million earmarked in last year's budget to combat tax evasion over five years.

Swashbuckling securities law attorney and commentator Bill Singer posted his thoughts on the UBS tax evasion scheme on his excellent Broke and Broker Blog this week.

This is also about tax evasion by substandard breeders selling puppies for unreported cash.

The Internal Revenue Service revealed new details about its investigation into tax evasion related to bitcoin, filing court documents that suggest only a tiny percentage of virtual currency owners are reporting profits or losses in their annual returns.

Halloran, a Republican, is running for Congress against Grace Meng, whose father was arrested Tuesday on charges of fraud after allegedly stealing money from a man who wanted to bribe federal prosecutors to reduce tax evasion charges aginst him.

Targeting bitcoin traders for tax evasion investigations seems to be a common practice right now for authorities all over the world and not just Australia.

The Identification of Criminals Act allows for the fingerprinting of those charged with tax evasion offences which may be prosecuted by indictment.

The new corporate tax evasion offence, set out in the Criminal Finances Act, is modelled on the Bribery Act 2010 and the corporate offence of failure to prevent bribery.

Today, stories are popping up that India is cracking down on tax evasion through cryptocurrency.

The intent of FATCA is to discourage tax evasion by U.S. taxpayers who hold financial assets with non-U.S. financial institutions.

Pakistan's Federal Board of Revenue has begun investigating potential tax evasion and money laundering by bitcoin traders.

It is common for HMRC to pay whistle blowers for information that can lead to clamping down on illegal tax evasion, but in this case it is understood the list of accounts was handed over for free.

A successful voluntary disclosure completely eliminates penalties, removes the possibility of tax evasion prosecution and typically offers partial interest relief on any taxes that may be owing.

Federal prosecutors want to start Republican New York Rep. Michael Grimm's tax evasion trial in October, a month before Election Day.

For example, the evasion of foreign tax laws was elevated to a predicate offence under Singapore AML Laws in September 2014 which makes it a criminal offence under Singapore law to assist a person in the evasion of foreign tax laws or to handle proceeds stemming from foreign tax evasion.

In May, Soupman's former chief financial officer, Robert Bertrand, was indicted for tax evasion after being charged with 20 counts of failing to pay Medicare, Social Security and federal income taxes.

Panama's chief state prosecutor, Kenia Porcell, earlier Wednesday gave a news conference in which he noted that «in Panama, tax evasion does not constitute a crime.»

For example, instead of committing tax evasion, a US investor who wants to reduce his / her taxes could move to Puerto Rico instead.

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.

The new tax evasion law represents a further manifestation of regulation requiring corporate monitoring of criminal activity, with the expectation of self - reporting.

Early in her administration, Bosworth said, she moved to limit the town hall access of Gerard Terry, the former town Democratic chairman and zoning counsel who recently pleaded guilty to federal and state tax evasion charges.

After South Korean law enforcement agencies raided the offices of local cryptocurrency exchanges to investigate alleged tax evasion last week, various government bodies including the official residence of the President announced that trading wouldn't be banned in the country the next day.

Trading tax info with China will allow Canada to monitor tax evasion among foreign - property owners

It's part of an international effort led by the Organization for Economic Co-operation and Development o curb tax evasion and secrecy.

Given the ongoing Coinbase vs IRS lawsuit, heightened probes into cryptocurrency tax evasion and the fact that only 800 Americans reported their bitcoin gains from 2013 through 2015, there's never been more timely help for cryptocurrency users.