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New On The Network Today
This feed is published daily with selected new or updated
content from across our network. For a list of network sites, many of
which feature daily news, see below. |
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| 29/07 New
Lowtax Editor Column, by Kitty Miv |
| 28/07 New
PBTG Editor Column, Caroline, PBTG editor |
| 27/07 UK Launches Raft Of Tax Consultations, Tax-News.com |
| 26/07 Fat
Tax On The Menu
, Jeremy Hetherington-Gore blog entry |
| 23/07 Sarkozy Seeks 'Fiscal Convergence' With Germany, Tax-News.com |
| 20/07 Singapore
Base For Tuvalu OIFC, Tax-News.com |
| 19/07 Expats
Turn Backs On US Taxes, Tax-News.com |
| 16/07
Congress Approves US Financial Reform Bill, Tax-News.com |
| 15/07 New
Lowtax Editor Column, by Kitty Miv |
| 15/07 St
Vincent & The Grenadines, Investors Offshore special feature |
13/07 Tax-News.com
Jersey Review 2010-2011 |
| 12/07 Goodbye
To All That, Jeremy Hetherington-Gore blog entry |
| 09/07
Antigua Pursuing Trade Sanctions Against US, Tax-News.com |
| 08/07 New
Lowtax Editor Column, by Kitty Miv |
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06/07 Hong
Kong Full PBTG Guide, added to Personal Business Tax Guide |
| 05/07
Australian Mining Tax Agreement Reached, Tax-News.com |
| 02/07 Online
Trading For Expats, Investors Offshore special feature |
| 29/06 EC
To Extend Common System Of VAT, Tax-News.com |
| 28/06
Lowtax Dubai, annual update |
| 25/06 Jersey
Considers Tax Future, Tax-News.com |
| 22/06 VAT
Hiked In UK Emergency Budget, Tax-News.com |
| 21/06 Steady
Progress In TPP Negotiations, Tax-News.com |
| 18/06 Singapore
- Another Hong Kong?, Investors Offshore special feature |
| 15/06 Swiss
Parliament Approves UBS Agreement, Tax-News.com |
| 14/06 Ethical
Moonshine, Penelope Wise blog entry |
| 11/06 Germany
Purchases Stolen Tax Data Disc, Tax-News.com |
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08/06 Dubai
Full PBTG Guide, added to Personal Business Tax Guide |
| 07/06 G-20
Shelves Global Bank Tax, Tax-News.com |
| 04/06
Lowtax Panama, annual update |
| 01/06
Lowtax Luxembourg, annual update |
| 31/05
OECD And EU Strengthen Tax Cooperation, Tax-News.com |
| 28/05
Lowtax Guernsey, annual update |
| 25/05
Lowtax Jersey, annual update |
| 24/05 Lithuania
Summary PBTG Guide, added to Personal Business Tax Guide |
| 21/05
Lowtax Liechtenstein, annual update |
| 18/05 Latvia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 17/05 Offshore
And The Euro, Jeremy Hetherington-Gore blog entry |
| 14/05 IO
Focus: Barbados, Investors Offshore special feature |
| 03/03
Personal Business
Tax Guide, PBTG, has launched! |
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| Providing essential tax news and information for globally
mobile artists, contractors, entrepreneurs, professionals, small businesses,
sportspersons and entertainers. |
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| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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Project Wickenby Yields More Results For ATO,
by Mary Swire, Tax-News.com, Hong Kong 31 October 2008
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Australia's multi-agency crackdown on offshore tax evasion has scored yet another
victory after two former Brisbane company directors were last week sentenced to
three years by the Queensland District Court for tax fraud.
The scheme was investigated by the Australian government-funded Project Wickenby
Taskforce, which has so far resulted in 28 people being charged on indictable
offences.
Christopher Cornell and Ian Cameron pleaded guilty to two counts of obtaining
a financial advantage by deception. The conviction related to a tax fraud designed
to reduce the taxable income of a large Brisbane-based liquor business in 2002
by using offshore companies.
The scheme involved around AUD300,000 in false deductions claimed on sham invoices.
These funds, less a 10% promoter fee, were returned to the company directors.
The conviction is the result of a partnership between the Australian Federal
Police (AFP) and the Australian Taxation Office (ATO) in tackling fraudulent
offshore schemes. Other Wickenby partners include the Australian Crime Commission,
Australian Securities and Investments Commission and Commonwealth Director of
Public Prosecutions (CDPP) with support from the Australian Transaction Reports
and Analysis Centre (AUSTRAC).
Tax Commissioner Michael D’Ascenzo said the ATO has worked closely with
the AFP over a number of years to identify the use of false invoices, sham loans
and international tax fraud.
“The Project Wickenby taskforce is committed to tackling tax haven abuse.
Today’s sentence should send a clear message to participants and promoters
involved in abusive tax haven schemes that they can expect to face the full
force of the law," he said.
“The Tax Office encourages people who may be involved in these types
of arrangements to come forward before any of the Wickenby agencies contact
them and make voluntary disclosures of their tax affairs," D’Ascenzo
added.
So far 23 criminal investigations have been brought under Project Wickenby.
In addition, 249 tax audits have been completed (another 352 are underway),
with AUD207mn (USD136mn) in tax liabilities raised and AUD79mn in extra taxes
collected.
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| THE LOWTAX LIBRARY
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