The IRS announced it was planning on pursuing “high-income individuals evading taxes” and claims to have made millions in recoveries at a time when the agency is increasingly facing heat for targeting a higher percentage of lower-income Americans as part of its tax audits. “The IRS is working to ensure [that] high-income filers pay the…

A majority of Australians want consulting firm PricewaterhouseCoopers (PwC) to be banned from government contracts following the revelations the company used confidential government information to create products that allegedly allowed clients to not pay tax. According to research released on June 20 by the Australia Institute, 79 percent or four in five Australians want the consulting…

Gaming giant Crown has been slapped with a $20 million (US$13.8 million) fine for failing to pay its fair share of Victoria’s casino tax and trying to cover up the scheme. The state’s royal commission into Crown’s Melbourne operations found the casino giant wrongly claimed tax deductions by including the costs of certain promotional activities as…

Peter-John Collins, the former Australian head of the international tax department at consulting firm giant PricewaterhouseCoopers (PwC), has been referred to the Australian Federal Police (AFP) over the improper use of confidential government information. In a statement released on May 25, the Secretary to the Treasury, Dr. Steven Kennedy, said that the emails from the Tax…

The majority of Canadians named in the Panama Papers tax evasion scandal in 2016 had paid their owed taxes, according to an official with the Canada Revenue Agency (CRA). Cathy Hawara, assistant revenue commissioner of the Compliance Programs Branch of CRA, provided testimony on potential tax revenue loss resulting from non-compliance and tax evasion before…

One of the world’s largest financial consulting firms, PricewaterhouseCoopers (PwC), has been referred to Australia’s Anti-Corruption Commission (NACC) after a government inquiry revealed the company allegedly planned to cheat the Australian government out of tax revenue from the firm. Greens Senator Barbara Pocock, who initiated the senate inquiry, announced she will be referring the company…

A register used to identify dirty Russian money in the UK has 70 children listed as foreign company owners. The House of Lords heard on Tuesday how the newly released Register of Overseas Entities (ROE) also includes one company owner born in 1897—making the person 126 years old. The anomalies were discussed as peers revealed…

Most Canadians say they would never report a tax cheat because they do not want to be part of a ‘snitching’ culture like that of a ‘communist state’ where citizens are heavily monitored, says a report by the Canada Revenue Agency (CRA). “One sentiment that was stronger in the Individual Taxpayer sessions was the feeling…

COLUMBIA, S.C.—State prosecutors will not seek the death penalty for Alex Murdaugh when the disbarred attorney appears in court next month for a double murder trial that has drawn international attention. “After carefully reviewing this case and all the surrounding facts, we have decided to seek life without parole for Alex Murdaugh,” South Carolina Attorney…

Reality TV stars Todd and Julie Chrisley were handed a combined sentence of nearly 20 years behind bars by an Atlanta judge on Monday after they were convicted in June on federal charges including bank fraud and tax evasion. U.S. District Judge Eleanor Ross dealt a sentence of 12 years in prison with three years of supervised…