Latest Tax avoidance and tax evasion Stories

2005-08-25 11:28:51

By Antonio de la Jara SANTIAGO, Chile (Reuters) - Former Chilean dictator Augusto Pinochet has escaped prosecution in hundreds of human rights cases from his 17-year rule but tax crimes investigation may prove to be his downfall, like legendary U.S. gangster Al Capone. The once untouchable Pinochet -- 89, ill and rarely seen in public -- is being dogged by charges he and his family hid up to $27 million from tax authorities, using false names and passports to open up to 130...

2005-07-11 21:01:39

By Mark Felsenthal WASHINGTON (Reuters) - The U.S. Internal Revenue Service has recovered more than $3.7 billion in unpaid taxes, interest and penalties from users of the illegal "Son of Boss" tax shelter, the agency said on Monday. The IRS deemed Son of Boss abusive in 2000 and has said it resulted in more than $6 billion in estimated understatements of taxes due from some 1,800 taxpayers. These were mostly wealthy individuals such as corporate executives seeking to shelter huge gains...

Word of the Day
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'