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Showing 1 - 10 of 28 results for "Tax evasion"

HESTA sells out of MinRes after failed engagement

JAMIE WILLIAMSON  |  MONDAY, 12 MAY 2025
... failed to take appropriate action over concerns HESTA had about the company's governance, including allegations of tax evasion and misuse of company resources - primarily involving founder and managing director Chris Ellison. HESTA said it will maintain ...

Treasury consults on new crypto tax laws

ELIZA BAVIN  |  FRIDAY, 22 NOV 2024
... CARF improves visibility of income from crypto assets. This helps increase compliance with local tax laws and deter tax evasion," Treasury said. Since crypto assets can be transferred and held without interacting with traditional financial intermediaries ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... financial sector. The activity also enabled syndicate members to financially benefit from the proceeds of crime and tax evasion between 2020-23. The syndicate allegedly co-mingled legal and illicit funds which enabled the transfer up to $100 million ...

Franking credit crackdown rife with unintended consequences: LICAT

ANDREW MCKEAN  |  WEDNESDAY, 28 SEP 2022
... incorrectly targeting a normal and acceptable action - rather than targeting the very specific circumstances related to the tax evasion it seeks to prevent," LICAT said. The government prepared exposure draft legislation to prevent companies from attaching ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
A key promoter of a tax evasion scheme who had been living in Vanuatu for several years to avoid arrest has been jailed for six years following a 19-year joint investigation by the ATO and Australian Federal Police. Philip Northam was sentenced in the ...

Disgraced lobbyist charged

ALLY SELBY  |  FRIDAY, 26 JUN 2020
... Jack Abramoff, who in 2006 was sentenced to six years in federal prison for mail fraud, bribing public officials and tax evasion, has now been charged with conducting a fraudulent, unregistered offering of what he claimed was a new and improved version ...

Tax chiefs crack down on tax evasion

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... coordinated day of action against an international financial institution suspected of facilitating money laundering and tax evasion," the ATO said. "Evidence, intelligence and information collection activities such as search warrants, interviews and ...

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... detect, prevent and disrupt serious financial crimes. This includes money laundering, terrorism, human trafficking, tax evasion and child exploitation," Corbally said. The ANZ risk boss said recent issues identified within the industry by AUSTRAC had ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
... family out of millions. Treyton Lee Thomas has been sentenced to 262 months in prison for wire fraud and 60 months for tax evasion to run concurrently, as stated by the US Attorney for the eastern district of North Carolina. Thomas represented himself ...

Record number of tax evasion reports

ELIZABETH MCARTHUR  |  FRIDAY, 21 JUN 2019
... number of people report tax evaders. The ATO received nearly double the amount of referrals from the community about tax evasion this year compared to the same time last financial year. In total nearly 60,000 reports of suspected tax evasion, black economy ...
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