August 31st, 2009
NEW YORK (Reuters) - Executives at Swiss banks Julius Baer (BAER.VX) and Credit Suisse (CSGN.VX) expect to avoid a U.S. tax investigation into their private banking businesses on the same scale as their peer UBS (UBSN.VX), they told The Financial Times on Sunday.
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August 28th, 2009
Forbes Magazine has published an excellent
article today which highlights the massive problem of
transfer mispricing and the risk it poses to shareholders. The article cites GFI Director Raymond Baker as well as GFI's Illicit Financial Flows
report several times. From
Forbes:
Shareholders in many of the world's leading multinational corporations face significant financial peril from a source few have probably ever thought about: transfer pricing.
So says Raymond Baker, director of Global Financial Integrity, a non-profit in Washington, D.C., that promotes policies aimed at curtailing the...
August 28th, 2009
Forbes -- Shareholders in many of the world's leading multinational corporations face significant financial peril from a source few have probably ever thought about: transfer pricing.
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August 28th, 2009
WASHINGTON – Rodney K. Justin, a medical doctor from Woodleaf, N.C., was convicted yesterday of obstructing the internal revenue laws and of failing to file tax returns for several years, the Justice Department and Internal Revenue Service (IRS) announced. After trial in Winston-Salem, N.C., a federal jury convicted Justin of four felony counts of corruptly obstructing the administration of the internal revenue laws by sending fake financial instruments called "Bills of Exchange" to the Secretary of the Treasury in Washington, D.C., in purported payment of over $350,000 in taxes. The jury also convicted Justin of willful failure to file...
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