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Thursday, July 12, 2018

Luxleaks  leads to no UK charges, test cases or prosecutions

Productivity isn’t improving as fast it could be partly because some professionals are helping their bosses or customers game the system Clever tax strategies may be legal, but they aren't productive

The Labor Dept. estimates the gig economy at 10% of the US workforce—in reality, moonlighters make it closer to 36%.
 Quartz

Today the Australian Taxation Office (ATO) has published the income tax gap for individuals not in business. The gap is an estimate of the difference between the tax the ATO collects and the amount that would have been collected if every one of these taxpayers was fully compliant with the law.
Maiden Individuals tax gap of $8.7 billion released - it highlights need for action
 
Personal income tax dodgers cost Federal Government billions


Story image for tax gap ato smh from The Sydney Morning HeraldNeil Olesen - $8 billion in income tax lost each year, Tax Office concedes
Exclusive by Exotic spelling Eryk Bagshaw The Sydney Morning Herald 


Story image for tax gap ato smh from The Sydney Morning HeraldBack in 2017: ATO's tax gap figures revealed: $2.5 billion missing from corporates ...


A New York City reporter just got President Trump to pay an additional $48,834.62 in taxes.
↩︎ Poynter

 Hedge funds struggle to protect their private letters now that everyone has a camera in their pocket.
↩︎ Institutional Investor



Ex-BDO Jersey director in £2.6m fraud

A former managing director with BDO in Jersey has been jailed for defrauding clients of £2.6m, with the court told he used the money to fund an ‘extravagant lifestyle’ which included buying a Formula 1 racing car and paying off debts relating to companies in which he had invested
Top bankers accused of avoiding responsibility for stopping money laundering

J5 via Tax Professor 

I Killed the Chili Pepper on Rate My Professors

HD free best wallpaper.

SMEs hit out at ‘intensive’ HMRC investigations

Half of small businesses in the UK says HMRC tax investigations are too intensive, and a similar proportion do not believe the tax authority imposes penalties fairly, according to analysis from specialist insurer PfP

Wall Street Journal, Thousands of Americans Will Be Denied a Passport Because of Unpaid Taxes:
At least 362,000 Americans with overdue tax debts will be denied new or renewed passports if they don’t settle these debts, the Internal Revenue Service says.
Recently IRS officials have provided new details on the enforcement of a law Congress passed in late 2015. It requires the IRS and State Department to deny passports or revoke them for taxpayers who have more than $51,000 of overdue tax debt. Enforcement began in February.


Airport security
card company
reveals data hack
as AFP investigates



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