Tuesday, March 26, 2024

Sanjay Shah - Danish tax fraud suspect tells court he used legal loophole

The Australian Tax Office (ATO) has cast a wide net to investigate crypto investors after classifying cryptocurrencies like bitcoin as ‘assets’ liable for capital gains taxes.

Earlier this year, the ATO published its guidanceon the tax treatment of cryptocurrencies. Highlighting bitcoin as an example, the authority said it viewed cryptocurrencies as neither money nor foreign currency but a property deemed an ‘asset’ for capital gains taxes (CGT).

“That means it’s subject to the same CGT provisions that apply to real estate and shares,” confirmed Liz Russell, a senior tax agent at a private online tax filing service. In revealing further insights on the ATO’s taxation policies, the tax expert stressed the authority also considers profits made from crypto-cash trades as capital gains

Australia’s Tax Office is Using a ‘100-Point’ Check System to Chase Crypto Traders

Meta is ending its deals to pay for Australian news content. This is how it could change your Facebook and Instagram feeds

Tax season fraud is set to spike in 2024 as AI enables cybercriminals to generate lifelike images and make convincing videos that impersonate taxpayers to steal their refunds.

GLOSTRUP, Denmark, March 21 (Reuters) - British hedge fund trader Sanjay Shah, the main suspect in a $1.3 billion tax fraud case, testified in his first week on trial in Denmark that he used a legal loophole to execute a complex trading scheme reminiscent of a ballet performance.
Shah, 53, stands accused of being the mastermind behind fraudulently securing dividend tax refunds from the Danish treasury via trading schemes, known as 'cum-ex', between 2012 and 2015. He pleaded not guilty when the trial began last week in a court outside Copenhagen.
Danish tax fraud suspect tells court he used legal loophole

 The 2024 NICAR data journalism summit — hosted in Baltimore by Investigative Reporters and Editors — surfaced scores of innovative reporting resources and tools, primarily for US data reporters GIJN curated these tips and databases for ones that are transferable to investigative and data reporters around the world, and we will share these globally relevant techniques in several stories in the weeks to come. In this first story from NICAR24, we highlight some new, free investigative tools on fact-checking, topic briefing, and journalist safety that were the subject of significant interest in the hallways at NICAR, and which could help reporters in almost any country right now…

Liberal Party press releases and its website are showing up on the Google News tab as a source of information alongside queries about prominent current affairs searches, calling into question the technology giant’s verification of news material, according to one of Australia’s senior-most media and data experts.

Liberal Party press releases make a splash on Google News

Behind the scenes of David McBride's fight to clear his name. The former Australian military lawyer is credited with exposing war crimes in Afghanistan - but was that his intention when he released government secrets?

Whistleblower David McBride and journalist Dan Oakes are ready tell the full story behind The Afghan Files