Tax Evasion

Nigeria launched a legal battle against the world’s largest cryptocurrency exchange Binance (CRYPTO: BNB) on Wednesday, demanding $81.5 billion in compensation for purported economic damages and unpaid taxes. What Happened: Nigerian authorities are blaming Binance for the country’s...

Renowned economist Peter Schiff on Wednesday backed early Bitcoin (CRYPTO: BTC) adopter Roger Keith Ver in his fight against U.S. authorities on tax evasion charges. What Happened: Schiff called Ver’s motion to dismiss the U.S. Department of Justice’s indictment for deliberately...

Rupert Grint, famed for his portrayal of Ron Weasley in the “Harry Potter” film series, has been slapped with a $2.3 million tax bill following a legal dispute with British tax authorities. What Happened: The UK tax agency, H.M. Revenue and Customs, scrutinized Grint’s tax...

U.S. retail giant Amazon.com, Inc. (NASDAQ:AMZN) has been investigated twice this week for allegedly conducting suspected tax evasion in Italy. Italy’s tax police on Tuesday seized about 121 million euros ($131 million) from Amazon Italia Transport in Milan as part of an investigation into...

CNBC reporter MacKenzie Sigalos highlighted serious tax evasion allegations against cryptocurrency exchange Binance. What Happened: During CNBC’s “Last Call” on Monday, Sigalos mentioned that Binance is facing multiple lawsuits in Nigeria and the U.S., and the recent escapade of a...

IRS Commissioner Danny Werfel has disclosed that wealthy Americans are evading taxes amounting to over $150 billion annually, a situation that is contributing to a “lack of fairness” in the tax system. The IRS is now deploying significant resources to address this issue. What Happened:...

A new report has brought to light allegations of tax evasion linked to former President Donald Trump, marking a significant turn in ongoing business investigations against him.  The findings, revealed by Barbara Jones, a former judge and the current special monitor of the case, point...

Italian finance authorities have reportedly seized an estimated $835 million from home-sharing platform, Airbnb Inc. (NASDAQ:ABNB), over allegations of tax evasion. What Happened: Airbnb is accused of neglecting to pay 21% withholding taxes on revenues amounting to approximately €3.7 billion...

Cryptocurrency exchange Binance (CRYPTO: BNB) will suspend the trading of privacy-focused cryptocurrencies. The firm's decision is in response to the demands of financial institutions and regulatory bodies in France, Poland, and Italy. Among the affected tokens: Decred (CRYPTO: DCR), Dash...

The U.K. tax authority HMRC is contemplating the implementation of regulations allowing the seizure of cryptocurrencies from businesses neglecting their tax obligations. This proposal is part of a larger plan to modernize tax collection in the digital era. Currently, HMRC possesses the...

The Senate Finance Committee's findings of a two-year investigation released Wednesday uncovered major violations of a 2014 plea agreement by Credit Suisse Group AG (NYSE:CS) with the Department of Justice for enabling tax evasion by thousands of wealthy U.S. individuals. The committee's...

Attorneys for Donald Trump’s company reportedly blamed the firm’s former CFO Allen Weisselberg in the fraud and tax evasion trial’s closing arguments. What Happened: The lawyers repeated “Weisselberg did it for Weisselberg” multiple times on...

French tax officials have discovered more than 20,000 undeclared private swimming pools using artificial intelligence (AI), netting $9.9 million in revenue.  What Happened: The French tax office on Monday said it had uncovered 20,356 pools with the help of a system developed by Alphabet...

John McAfee, the founder of the eponymous software firm McAfee Corporation, has been arrested in Spain and faces extradition to the United States over tax evasions charges, the U.S. Department of Justice said Monday. What Happened: The Tax Division of the Justice Department unsealed an...

The U.S. Justice Department on Friday announced that Miami truck tire importers Marco Parra and his wife Eira Luces-Parra were indicted by a federal grand jury in South Florida for tax evasion. The couple, which owned and operated Road Tire Plus Corp., allegedly conspired with others in the tire...