Sol Campbell owns £25m house in London and Northumberland mansion He appeared on BBC2’s Daily Politics to explain mansion tax was unfair Ex-England footballer said proposed levy was a ‘tax on aspiration’ He said Labour should instead pursue companies who had avoided tax But MP Owen Smith said people had… – Continue reading
ZURICH (Reuters) – Many of Switzerland’s foreign millionaires will be watching nervously on Sunday as voters decide whether or not to scrap one of the country’s biggest tax perks for expatriates. Switzerland’s system of charging foreign residents with no gainful activity in the country a lump sum based on their… – Continue reading
Billionaire and Formula 1 head Bernie Ecclestone likes paying Swiss taxes. (Keystone) Formula 1 head and billionaire Bernie Ecclestone denies using Switzerland as a tax haven. In an interview with the Tages-Anzeiger newspaper, he says he did not come here to optimise his tax burden. The 84-year-old, who lives in… – Continue reading
There is nothing illegal about tax planning. Yet some things are legal while others are not, and the lines can sometimes get fuzzy. Add to that the fact that some people go to extraordinary lengths to avoid paying taxes, and it can be a recipe for disaster. Increasingly, if you… – Continue reading
A banker from the Swiss private bank Vontobel has been detained in Poland in connection with German football manager Uli Hoeness’s tax evasion activities. Vontobel has confirmed knowledge of the arrest. The Swiss citizen was arrested by police in Warsaw on Wednesday and released on bail a day later. A… – Continue reading
Lump sum taxation, the tailor-made measure tax regime designed to attract wealthy foreigners to Switzerland, is facing a crucial test as voters head to the polls on November 30 to decide whether or not to abolish the system for good. Proponents of the initiative say lump sum taxation is unfair… – Continue reading
According to a report published in the Sydney Morning Herald on October 6, Tim Cahill may be dealing with an irksome tax problem, stemming from investments made when he was living and working in England. The newspaper claims to have seen documents linking Cahill to a company called Phoenix Film… – Continue reading
On top of his many boxing titles, including world championships in eight weight classes, Manny Pacquiao is on tap for a possible Senate seat in 2016. First, he has to get his taxes resolved. The Supreme Court of the Philippines ordered the boxing champ and potential Senator to answer the… – Continue reading
Socceroo Tim Cahill could be facing a hefty tax bill after he was linked to a British government investigation into a number of high profile celebrities. It is reported that in 2008, Cahill became a director of Phoenix Film Partners, a fund designed to take advantage of tax breaks and… – Continue reading
Barcelona and Argentina star Lionel Messi is to face trial for alleged tax evasion, a Spanish judge has ruled. The judge rejected a prosecution recommendation to drop the charges on the grounds the player’s father was responsible for his finances. Messi and his father Jorge are accused of defrauding the… – Continue reading
There is nothing illegal about tax planning. Yet some things are legal while others are not, and the lines can sometimes get fuzzy. Add to that the fact that some people go to extraordinary lengths to avoid paying taxes, and it can be a recipe for disaster. Increasingly, if you… – Continue reading
David Beckham, cricketer David Gower and Conservative MP Andrew Mitchell are among those set to receive tax demands totalling millions of pounds after investing in potential tax avoidance projects. HM Revenue & Customs is understood to have been sending out letters to investors in film finance schemes set up by… – Continue reading
Leicester City defender Matthew Upson is being linked to a scheme that is currently being investigated for tax avoidance. According to the Leicester Mercury, the 35-year-old could end up paying out thousands of pounds as a result of the investigation. The former England international reportedly invested in the Inside Track fund, which gives benefits… – Continue reading
Italian judge rules Cellino guilty of ‘Machiavellian’ tax evasion • Football League rules bar club owners convicted of dishonesty • Cellino’s lawyer says judge’s ruling is ‘full to the brim of errors’ • How an elegant yacht became vital to Leeds United’s future • Cellino: I don’t know why I… – Continue reading
A member of FIFA’s financial watchdog panel has been temporarily suspended while implicated in the Cayman Islands corruption investigation. Canover Watson was questioned last month by police anti-corruption and financial crime units in his native Cayman Islands on suspicion of corruption and money-laundering. He denies wrongdoing. FIFA said audit committee chairman… – Continue reading
FIFA’s financial monitoring panel has asked one of its members to explain his arrest in a corruption case. Canover Watson was detained in his native Cayman Islands on Aug. 28 by police anti-corruption and financial crime units. Local media reported that Watson was quizzed about alleged money laundering and abuse… – Continue reading
Juan Martin del Potro denies he has committed tax evasion in his native Argentina. His spokesman Jorge Viale said Monday there was “no evasion” and all procedural steps were being followed to resolve the case. The newspaper Perfil reported on Sunday that Argentine tax authorities had opened a case again… – Continue reading
Manila (AFP) – Philippine world boxing champion Manny Pacquiao has won a Supreme Court reprieve in his battle to avoid paying tens of millions of dollars in extra taxes, authorities said Thursday. Pacquiao will not have to post a cash bond of 3.3 billion pesos ($75.2 million) and the government… – Continue reading
Switzerland is cooperating with French tax authorities over an investigation of alleged tax fraud involving former French footballer Marcel Desailly. The notice of Swiss cooperation was published on Tuesday in the Federal Gazette. Desailly, captain of the French football team from 2000 to 2004, allegedly holds or has held assets… – Continue reading
(Reuters) – A Spanish court will push ahead with the process of prosecuting Argentina and Barcelona forward Lionel Messi for alleged tax evasion despite a recommendation from the public prosecutor the charges be dismissed. The prosecutor argued in June that Messi’s father Jorge was responsible for the family’s finances and… – Continue reading
The bank accounts of retired Egyptian football player Mohamed Abu Trika were frozen due to failure to pay dues to the Egyptian Tax Authority (ETA), an official at the Ministry of Finance’s fight against tax evasion department confirmed to the Daily News Egypt. The official said that the “this is… – Continue reading
A Spanish prosecutor recommended that Lionel Messi, the captain of Argentina’s national soccer team, be cleared of tax evasion while keeping his father an official suspect. “Messi didn’t participate in the decision making of the management and use of his earnings,” prosecutor Raquel Amado said in a presentation, a copy… – Continue reading
Former Bayern Munich president Uli Hoeness began a 3-1/2-year jail sentence on Monday after being convicted in March of evading $40 million in taxes, German media reported on Monday. The state prosecutor in Munich declined to comment on the report and said there would be no official confirmation. Daily Bild… – Continue reading
Luiz Felipe Scolari is the subject of a criminal investigation in Portugal, authorities said Wednesday, bringing an unwelcome distraction for the Brazil coach as his country prepares to host the World Cup. Officials wouldn’t say what the investigation is about. In Portugal, ongoing investigations fall under the country’s judicial secrecy… – Continue reading
The tax evasion trial and conviction of former Bayern Munich president Uli Hoeness triggered a wave of self-disclosures resulting in 16,926 tax dodgers turning themselves in during the first four months of the year, a newspaper reported on Sunday. The Welt am Sonntag newspaper said it had surveyed finance authorities in Germany’s… – Continue reading
BERLIN — The high-profile tax evasion trial against former Bayern Munich president Uli Hoeness has prompted a surge in the number of Germans turning themselves in to authorities for failing to properly declare their taxes. Munich daily Sueddeutsche Zeitung reported Wednesday that some 13,000 sought to escape prosecution by submitting… – Continue reading
MUNICH, Germany — German prosecutors said Monday they won’t appeal against Uli Hoeness’ 3 1/2-year sentence for tax evasion, clearing the way for the former Bayern Munich president to start his prison term. Hoeness, one of German football’s most prominent figures, was convicted last Thursday of evading about 28.5 million… – Continue reading
Celebrities and major companies locked in legal battles over tax-avoidance schemes will be forced to pay up before their cases are resolved, under new rules to be introduced in this week’s Budget. The rules will hit 65,000 companies and individuals in dispute with the taxman over their use of complex… – Continue reading
BERLIN — When all of his cards were played and Uli Hoeness, the Bayern Munich president and German soccer legend, faced the prospect of a protracted and high-profile appeal of his conviction on charges of tax evasion, he chose to take his punishment. In a surprise move that came hours… – Continue reading
Bob Geldof, Anne Robinson and Victoria Beckham said to be also among the 1,000 household names affected They each paid a minimum £100,000 to invest in a movie venture that promised to combine box office hits with tempting tax breaks A string of celebrities from David Beckham to Andrew Lloyd… – Continue reading
BERLIN: German football legend Uli Hoeness (pix), boss of champion club Bayern Munich, will face a high-profile tax evasion trial from Monday, accused of having stashed away millions in Switzerland. The folksy 62-year-old Bavarian club president, who also runs a flourishing sausage company, was arrested and bailed almost a year ago… – Continue reading
Senior German lawmakers on Sunday called for tougher rules to make it harder for tax cheats to claim amnesty by turning themselves in, days after soccer manager Uli Hoeness was sentenced for 3-1/2 years in prison for tax evasion. Recent news that Hoeness and other prominent Germans such as feminist… – Continue reading
Bayern Munich president Uli Hoeness, once one of Germany’s most admired managers, goes on trial on Monday charged with tax evasion in a case that has shocked the nation and changed attitudes towards paying taxes. Hoeness, 62, who helped turn Bayern Munich into one of the world’s most respected clubs and won… – Continue reading
