Tax evasion

A prosecutor at a high-profile Paris trial said UBS Group AG must be “punished” by a court for helping wealthy French clients hide money from tax authorities.

The court sided with the IRS and against the action star's legal appeal.

Ex-IRS agent gets four years; Select sentence; ticket to jail; and other highlights of recent tax cases.

The bank repeatedly attacked the credibility of witnesses and insisted it had no knowledge about clients evading taxes.

A prosecutor in a high-profile French tax case questioned why UBS Group AG systematically destroyed handwritten notebooks detailing the movement of French clients’ funds to surrounding lower-tax countries.

Banco Santander SA became the latest addition to a long list of banks targeted by German prosecutors over controversial tax-driven transactions known as “Cum-Ex” that may have cost the German state about 10 billion euros ($11.5 billion).

A former Julius Baer banker who leaked documents from a Cayman Islands subsidiary was cleared of breaking Swiss banking secrecy by Switzerland’s top court, creating possible problems for how the Alpine nation’s banks manage their foreign units.

Ordinary families might stash spare cash under a mattress or in a safety deposit box. South Korea’s Lee family are so rich they spent years leaving billions of dollars under the names of their employees.

The Internal Revenue Service generally is not enforcing the tip agreements it has in place with some businesses, according to a new report.

Michael “the Situation” Sorrentino, star of the MTV reality series “Jersey Shore” was sentenced to eight months in prison Friday for violating federal tax laws, while his brother Marc received a 24-month sentence.

Charles Rettig was barely 24 hours into his new job as President Trump’s hand-picked chief tax official when a bombshell news report hit.

New York City will seek any taxes that President Donald Trump should have paid for money he received from his late father, Mayor Bill de Blasio said, following a New York Times report on the transactions.

China ordered one of its top actresses and her associated companies to pay about 884 million yuan ($129 million) in taxes and fines, capping a months-long tax evasion probe that shook the nation’s blossoming entertainment industry.

New York state tax authorities have opened an investigation into allegations reported in the New York Times that President Donald Trump and his family created their real estate empire through “instances of outright fraud,” evading taxes on hundreds of millions of dollars.

President Donald Trump dismissed allegations in a New York Times story that he had received vastly more money from his father than previously admitted — in possible violation of tax laws — as “very old” and “boring.”

The Internal Revenue Service is hoping to expand the number of states who share data with the IRS as part of a joint federal and state program that’s trying to crack down on tax evasion.

Jurors are weighing the evidence for a second day in the fraud trial of Paul Manafort after the judge responded late Thursday to four written questions they posed.

Jurors in the Paul Manafort fraud trial heard closing arguments Wednesday summarizing the dramatic testimony over the last two weeks.

About a decade after Swiss bank secrecy laws started to crumble under the impact of a U.S. investigation, one of the last large lenders still entangled in the matter agreed to settle the dispute.

Rick Gates, the star witness in Paul Manafort’s fraud trial, concluded his testimony Wednesday with high drama.