TaxCompliance

Major VAT Fraud Probe: UniCredit's German Unit Raided in €200 Million Scandal

17 days ago

In a striking development within the financial sector, authorities in Germany have conducted a raid on the German branch of UniCredit as part of an extensive investigation into a staggering €200 million ($210 million) VAT fraud case. This operation underscores the ongoing battle against tax fraud in the European Union, which has seen increased scrutiny and enforcement actions in recent years.

Indonesia Considers Reviving Tax Amnesty Program to Boost Revenue and Expand Tax Base

1 month ago

In an effort to bolster its fiscal resources, Indonesia is contemplating the reintroduction of a tax amnesty program aimed at increasing government revenue and broadening the tax base. This financial strategy, previously utilized with varying success, could potentially encourage taxpayers to report undisclosed income and assets.

FCA Imposes $350,000 Fine on Wise CEO Kristo Kaarmann Over Tax Compliance Issues

2 months ago

In a significant legal development, the UK Financial Conduct Authority (FCA) has levied a hefty fine of £350,000 (approximately $450,000) on Kristo Kaarmann, the CEO of the financial technology company Wise. This penalty stems from serious lapses in tax compliance that have raised eyebrows within the finance community.