tax evasion News

Nebraska Insurance Agency Owner Gets 6 Months in Tax Case

A 69-year-old Nebraska businessman has been given six months in prison for not paying to the government money he’d withheld for federal taxes. The Lincoln Journal Star says John Clabaugh Jr. was sentenced on Oct. 21 and ordered to pay …

German Minister Says Tax Haven Report Will ‘Increase Pressure’

German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus had shown …

Financial Firms Balk at New Law to Help Catch U.S. Tax Evaders

A U.S. law meant to snuff out billions of dollars in offshore tax evasion has drawn the criticism of the world’s banks and business people, who dismiss it as imperialist and “the neutron bomb of the global financial system.” The …