October 19, 2021

US: Dominican national pleads guilty to identity theft and fraud

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By NELSON A. KING From Caribbean Life The United States Department of Justice (DOJ) says a Dominican Republic national who lived in Lawrence, Mass., has been sentenced to 11 years in prison after pleading guilty in the middle of his trial in connection with stolen identity refund fraud. The Justice Department said on Thursday that […]

Womack sentenced to federal prison for lying under oath [about her Cayman Islands businesses]

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By James Dornbrook From Kansas City Business Journal Kansas City businesswoman Cheryl Womack was sentenced to one year and six months in federal prison without parole and ordered to pay $1.7 million in restitution to the Internal Revenue Service. Womack pleaded guilty in April 2016 to impeding an IRS investigation by lying under oath about […]

Uber’s exposure topped $850 million in driver suit

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By Ben Hancock, From The Recorder SAN FRANCISCO — Uber Technologies Inc. could have been on the hook for as much as $852 million in damages if a California jury had concluded that the company misclassified its drivers as independent contractors, new court filings show. That estimate, more than 10 times what drivers in California […]

Cayman Islands, economic powerhouse – Bank of America alone has 143 subsidiaries there

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By The Tax Justice Blog From The Raucous Rooster According to Institute on Taxation and Economic Policy Executive Director Matt Gardner, “On paper, at least, the Cayman Islands is an economic powerhouse. The latest data from the Internal Revenue Service show that U.S.-based corporations claim that their subsidiaries earn $51 billion a year there, an […]

It’s not the real thing: Coca-Cola hit with $3.3 billion tax bill for fake “Foreign Income”

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From Tax Justice Blog By Matt Gardner, Executive Director at ITEP | Permalink | Bookmark and Share Last week the Coca-Cola corporation revealed that it may have to pay $3.3 billion in back taxes to the U.S. government. The disclosure, buried in a corporate filing, says that the reason for this tax hit is the […]

Brady Dougan says he was unaware of tax evasion

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From JD Journal According to Bloomberg News, Chief Executive Officer Brady Dougan of the Credit Suisse Group is accused of helping clients hide billions of dollars from the Internal Revenue Service, and has now shifted the blame onto a group of employees. Brady Dougan says he was unaware of the tax evasion. Brady Dougan said […]