Chinese bank to pay NY $215 million for anti-money laundering violations
Falsified Invoices involving China and Russia and Omission of Information
The secret life of a tax adviser: it's not about devising fancy avoidance schemes:
HMRC: Ministry of Justices trials low cost alternative to tax tribunals
TaxGrrrl, IRS Warns On New Scam Targeting Tax Professionals. “In the scam, which is a variation on a prior scam, tax professionals receive an email asking them to update their accounts: the link in the email directs to a bogus website which purports to be an e-services registration page.”
Kay Bell, ‘Trusted’ taxpayers to get more ID theft protection. “The IRS and its Security Summit partners are confident that these ‘trusted customer’ features, taken together, will help federal and state tax collectors do an even better job of detecting fraudulent returns and protecting taxpayers.”
(Melbourne) Victoria becomes the first state to hook into myGov
In 44 years, India lost at least Rs 17 trillion to tax havens
India Gets 77 Per Cent of Its Personal Income Tax From 0.15 Per Cent Of Its Population
Public Sector Workers to Be Automated Away
New York Times op-ed: Trump Probably Avoided His Medicare Taxes, Too, by Fred T. Goldberg, Jr. (Skadden) & Michael Graetz (Columbia):
- NY Times: Trump’s Tax Dodge Stretched Law ‘Beyond Recognition’ (Nov. 1, 2016)
- David Cay Johnston: Why Donald Trump May Never Pay Federal Income Tax Again(Nov. 2, 2016)
Lessons from the World's Most Tech-Savvy Government
TaxGrrrl, Businessman Pleads Guilty To Tax & Wire Fraud Involving NFL Players. “Rowan used his access to his clients’ bank accounts to transfer over $2.9 million for his own personal benefit and without his clients’ authorization or knowledge.”
The Feds Raided the Scammers Behind Those Fake IRS Robocalls. It’s Not Enough. Slate
Odd Lots: What Mathematical Models of Herding Cows Can Teach Us About Markets Bloomberg
DO NOT ANNOY THE JUDGE. “Unless you absolutely have to, that is.”
TaxGrrrl Kelly Phillips Erb has a good writeup of the indictment, including this:
As a reminder, the IRS will never:
Call to demand immediate payment over the phone, nor will the agency call about taxes owed without first having mailed you a bill.
Threaten to immediately bring in local police or other law-enforcement groups to have you arrested for not paying.
Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe.
Require you to use a specific payment method for your taxes, such as a prepaid debit card, gift card or wire transfer.
In short, if the caller says he’s from the IRS, he isn’tAsk for credit or debit card numbers over the phone.
Chinese ownership of agricultural land soars above 3 million hectares
ATO settlements with big companies dive in
Twenty-two people face civil and criminal investigations into suspected tax evasion following the disclosure of the Panama Papers, the chancellor has told MPs. Philip Hammond also said a further 43 wealthy individuals were under review while their links to the offshore files were investigated further. He made the comments in a written answer to the House of Commons explaining what had happened since the offshore tax files emerged. Related: The Panama Papers: how the world's rich and famous hide their money offshore Panama Papers: 22 people face tax evasion investigations in UK