EU loses 168 billion euros in sales tax fraud, errors

Last Updated: Friday, September 4, 2015, 22:40

EU countries lost 168 billion euros (USD 187 billion) in sales-tax revenue in 2013 mostly due to fraud and errors, the European Commission said on Thursday.

France issues warrants for UBS managers in tax fraud case

Last Updated: Tuesday, February 17, 2015, 17:59

French judges on Tuesday issued arrest warrants for three former managers at Swiss bank UBS over allegations it helped customers hide money from the taxman in Switzerland.

UBS whistelblower Birkenfeld lodges request for return to Europe

Last Updated: Tuesday, December 23, 2014, 08:00

Ex-UBS banker Bradley Birkenfeld, a whistleblower in a tax fraud case involving the Swiss bank for which he was awarded $104 million after serving more than two years in prison, has lodged a request to be allowed to return to Europe.

India must show tax fraud proof for valid probe: Swiss on black money

Last Updated: Thursday, December 4, 2014, 00:02

Switzerland Wednesday said it was willing to cooperate with India over the black money issue if the latter provides prima facie evidence of illegality, but will not proceed in the matter on the basis of stolen data.

Spain`s Princess Cristina to testify over tax fraud, money-laundering

Last Updated: Saturday, January 11, 2014, 19:40

Spain`s Princess Cristina will not appeal court ruling summoning her to testify over tax fraud and money-laundering charges and will appear before the Palma de Mallorca court.

Princess Cristina of Spain summoned over financial crimes

Last Updated: Tuesday, January 7, 2014, 16:19

A Spanish court summoned King Juan Carlos` youngest daughter Cristina as a suspect over tax and money-laundering crimes today, a first for a direct relative of the monarch.

Six countries sign US pacts in fight against tax fraud

Last Updated: Friday, December 20, 2013, 07:49

The United States has signed anti-tax fraud pacts with six countries and territories including some considered tax havens, the US Treasury Department said Thursday.

Italian parliament expels defiant Berlusconi

Last Updated: Wednesday, November 27, 2013, 23:41

Italy`s parliament today expelled Silvio Berlusconi over his tax fraud conviction in a momentous move that raises the risk of his arrest but is unlikely to be the last act of his tumultuous career.

Berlusconi faces expulsion from Parliament over tax fraud sentence

Last Updated: Wednesday, November 27, 2013, 09:19

Italian centre-right leader Silvio Berlusconi faces one of the heaviest blows of his 20-year political career on Wednesday when the Senate votes on stripping him of his seat in Parliament over a conviction for tax fraud.

Apple under investigation in Italy for alleged $1.3 bn tax fraud

Last Updated: Wednesday, November 13, 2013, 23:47

US tech giant Apple is under investigation in Milan for allegedly hiding more than 1 billion euros (USD 1.34 billion) from the Italian taxman, a judicial source with direct knowledge of the matter told Reuters, confirming a local media report.

Italy Senate to vote on Berlusconi expulsion November 27

Last Updated: Wednesday, November 6, 2013, 19:44

Italy`s Senate on today announced it will vote on November 27 on whether to strip former prime minister Silvio Berlusconi of his seat under a law banning convicted criminals from parliament.

Italy Senate to vote on Berlusconi expulsion November 27

Last Updated: Wednesday, November 6, 2013, 09:20

Italy`s Senate on Tuesday announced it will vote on November 27 on whether to strip former prime minister Silvio Berlusconi of his seat under a law banning convicted criminals from Parliament.