Tax evasion

Tanked; lobby hobby; you’re not undercover, are you?; and other highlights of recent tax cases.

A former UBS Group AG executive who is trying to reverse a conviction at a landmark tax trial couldn’t remember the assets managed by his team focusing on French clients out of Switzerland.

Auditors were only able to recoup about 39 percent of the more than $4 billion in unpaid taxes owed by a group of rich taxpayers with an average annual income of nearly $1.6 million.

Former Credit Suisse Group AG bankers who blew the whistle on their employer for helping wealthy Americans dodge taxes are now urging U.S. authorities to punish the bank beyond the $2.6 billion it paid as part of a guilty plea seven years ago.

UBS Group AG questioned investigators’ dealings with a whistleblower who provided documents and evidence about an event for wealthy clients at the French Open that helped lead to a record 4.5 billion-euro ($5.4 billion) penalty.

In Touch and in jail; end of the ride; took a powder; and other highlights of recent tax cases.

RAP sheet; shipping out; Pelicon; and other highlights of recent tax cases.

His story reveals the far-reaching net that continues to entangle individuals and firms who were engaged in so-called Cum-Ex transactions, almost a decade after the dividend-tax practice ended.

Family affairs; Ultimate crime; level effects; and other highlights of recent tax cases.

Off the top; bad Solutions; and we quote; and other highlights of recent tax cases.

Former investment banker Paul Mora is the first Cum-Ex suspect placed on Interpol’s public list of most-wanted suspects as Germany launched an international search for him in an escalation of its vast tax-evasion probe.

U.S. prosecutors and Internal Revenue Service agents spent four years piercing the veil of secrecy that billionaire money manager Robert F. Smith wove to hide more than $200 million in income.

A lawyer for the U.S. House of Representatives signaled that congressional Democrats will move aggressively during the Biden administration to obtain former President Donald Trump’s tax returns, telling a judge “enough is enough.”

Deutsche Bank, TP ICAP and two German lawyers are the targets of M.M. Warburg & Co.’s latest legal attempt to recoup the big tax bill it was ordered to pay over controversial Cum-Ex trades.

The Internal Revenue Service hasn’t been pursuing cases involving hundreds of billions of dollars in income from individuals and businesses whose income has been showing up in Form 1099-K information returns, but has been otherwise unreported.

The Criminal Investigation Division is in a nostalgic mood, releasing a retrospective this week of its top five cases of the year through its Twitter handle, @IRS_CI.

A group of 25 Democrats in the House wrote to congressional leaders asking them to provide $12.1 billion in funding for the Internal Revenue Service, including $5.2 billion for enforcement, with an eye toward cracking down on high-income tax cheats.

Taxpayers around the world lose at least $427 billion each year to individual tax evasion and multinational corporate profit-shifting, which undercuts public funding for a COVID-19 response, according to a new report.

But the IRS would need more resources, writes Natasha Sarin, an assistant professor of law at UPenn.

The Internal Revenue Service’s Criminal Investigation unit has been initiating fewer investigations of abusive tax return preparers this past year, while also recommending fewer prosecutions, and seeing fewer indictments and prison sentences this year.