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Entries in Taxes (27)

Tuesday
Jun022015

SFO loss: UK defendants acquitted for Nigeria payments

Image courtesy of Google MapsThree employees of Swift Technical Solutions Ltd were found not guilty at Southwark Crown Court in London of corruption offenses related to the tax affairs of a Nigerian subsidiary, the SFO said Tuesday.

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Friday
Apr102015

World Bank Program: Tax Evasion and Financing for Development -- Strengthening Global Action

Image courtesy of the World Bank GroupOn Friday April 17, the World Bank Group will host a program that discusses the importance of strengthening global action to reduce and deter tax evasion. You can attend the program in person by registering here, or stream the event online here.

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Tuesday
Oct212014

China state newspaper accuses foreign firms of tax evasion

China’s state-run newspaper People’s Daily has accused multinational companies of avoiding taxes in China and urged authorities to take measures to combat tax evasion.

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Monday
Aug252014

South Korea businessmen are on a bender

Corporate spending for entertainment in South Korea is in the news. Expenses for booze and apparently other nighttime activities are deductible, so the National Tax Service can track bar bills through tax returns.

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Friday
Dec202013

ADM pays $54.3 million to settle Ukraine tax bribes

A unit of Archer Daniels Midland Company (ADM) pleaded guilty Friday to violating the FCPA by bribing Ukrainian government officials through vendors in exchange for value-added tax (VAT) refunds.

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Monday
Nov182013

Park-Ohio discloses potential violation

Park-Ohio Industries Inc. said Thursday a third-party payment on its behalf to tax authorities may have violated the Foreign Corrupt Practices Act.

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Tuesday
Sep102013

DOJ launches Magnitsky forfeiture action against NYC property

U.S. Attorney Preet Bharara said Tuesday the United States has filed a civil forfeiture action against the assets of nine companies that own real estate in Manhattan. The complaint targets four luxury residential units and two high-end commercial spaces.

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Wednesday
Sep042013

‘Resource curse’ still haunts Uganda, Kenya

Since discovering oil in 2009, Uganda has not pumped a single barrel and the resource remains unexploited. An historic opportunity has so far been stymied by bureaucracy, law suits, corruption, hostilities with neighbors taking on a military hue, as well as the lack of adequate infrastructure to move the oil to market.

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Friday
Dec282012

The top five FCPA stories of 2012

1. Allegations against Wal-Mart -- Just when the debate about FCPA reform was heating up, the New York Times reported that Wal-Mart may have paid $24 million in bribes to Mexican officials to grow the business. The story showed why the FCPA is important. And it derailed the Chamber of Commerce's campaign to narrow the law and restrict the DOJ's enforcement of it.

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Tuesday
Dec182012

Four charged in U.K. for Nigeria bribes

The U.K. Serious Fraud Office said Monday that three men and a woman were charged in Westminster Magistrates' Court with two counts of conspiracy to corrupt. 

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