With help from PwC Cyprus, Hushang Ansary set up shell companies and oversaw a series of transactions that authorities say drained a Curacao fund holding pensions for 30,000 people.
The U.S. Internal Revenue Service is seeking to use an infusion of funding to keep up with the ever-evolving tax maneuvers of the ultra-rich — while staving off frequent political attacks....
A new report reveals how the Chinese government has used harassment, “persuasion” and kidnappings to bypass international law as part of the notorious Fox Hunt operation.
PwC’s work for Russian billionaires is part of a global system of enablers who, at a time of war, have undermined Western efforts to hurt Russian oligarchs financially and to sow discontent with Putin in their ranks....
Nearly 100 current and former workers interviewed by ICIJ reported being subjected to practices that are widely considered indicators of labor trafficking....
Europe’s top finance regulators have warned that a proposal to grant a trio of microstates more access to the European Union’s single market presents a “fundamental risk” to the bloc’s financial integrity....
The new minister, Abubakar Atiku Bagudu, whose offshore dealings were detailed in the Pandora Papers, is a former ally of Nigerian dictator and notorious looter Sani Abacha.
The PwC Australia tax leak scandal continues to grow amid revelations Uber and Facebook set up new company structures weeks before a new tax avoidance law was set to kick in....
In mid-2022, the Inflation Reduction Act delivered the IRS a historic $80 billion — in part, to bulk up the agency’s divisions that audit millionaires, billionaires and large corporations. After years of pitiful enforcement rates against wealthy taxpayers, the agency is embarking on an unprecedented push to step up its...
Saudi Prince Mishaal bin Khalid al-Saud — who controls more than 200 McDonald’s outlets across Saudi Arabia — told CEO Magazine in 2018 that one of the secrets of his enterprise’s success is “ensuring a positive and favorable environment for our employees.”...
Authorities in the state of Hesse have reportedly already started flagging “cases worthy of examination” in a dataset that includes more than 10 million files.
A trove of leaked records reveals Russian property holdings soared “more than tenfold,” economists say.
Cross-posted from: beehaw.org/post/12949945...
An investigation examining hundreds of leaked IRS forms offers a glimpse into the often-hidden challenges the U.S. tax agency faces in tackling the favorite new global investment vehicles of the ultrawealthy. That review and interviews with more than a dozen former tax officials show an agency struggling with not only a shortage...
Cross-posted from: feddit.de/post/9137257...
The head of the Cyprus Bar Association has also reportedly promised to publicly punish any lawyers found to be breaking the rules, after an investigation exposed how some of the country’s law firms may have helped sanctioned Russians continue to do business. The association’s chairman Michael Vorkas said Cyprus’ legal...
A former U.S. sales representative of Medtronic alleges the company used kickbacks and pressure tactics to make sales, despite patient injuries.
The rollout of a landmark company ownership registry officially launched by the United States Treasury Department on Jan. 1 and aimed at fighting dirty money flows in the U.S. has been met with political attacks and the spread of misinformation, amid ongoing tensions around the transparency tool....
Sudanese businessman Abdelbasit Hamza — whose company holdings feature in Cyprus Confidential documents — has been accused of being “a central figure in Hamas’ investment portfolio.”...
Two of Russian billionaire Roman Abramovich’s children held Lithuanian passports when they were given control of some of his fortune, potentially shielding it from sanctions, an investigation reveals.
Documenti trapelati mostrano che la persona più ricca dell’Ucraina era dietro a movimenti offshore per l’acquisto di un attico di lusso a Londra, sollevando domande sul perché non sia elencato nel nuovo registro del Regno Unito destinato a smascherare gli oligarchi e altri che possiedono proprietà attraverso società di...
Una squadra di esperti statunitensi di criminalità finanziaria è arrivata a Cipro per assistere in un’indagine del governo su sospette violazioni delle sanzioni russe a seguito dell’indagine riservata dell’ICIJ su Cipro, ha confermato un funzionario cipriota ai media locali....
