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Offshore tax evaders face jail time, fines

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday said that tax evasion via offshore accounts will be deemed as a punishable crime and those found guilty will either have to pay hefty fines or face jail time of up to three years. As per amendments …Read more





Offshore tax evaders face jail time fines

ISLAMABAD The Federal Board of Revenue FBR on Tuesday said that tax evasion via offshore accounts will be deemed as a punishable crime and those found guilty will either have to pay hefty fines or face jail time of up to three years As per amendments
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Offshore Accounts Can Mean Jail And Not Just In US

Chancellor George Osborne has said that the government is considering this lower criminal standard as well as harsher fines and increased jail sentences for those who are convicted At present offshore tax evaders can face severe fines or even criminal
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Tax cheats Fess up without going to jail

The IRS announced on Tuesday that it would give taxpayers a reduction in penalties — and no jail time — if they fess up to any a chance to come in before we find them Tax evaders will face a penalty of up to 25 of the highest annual account
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Tax evasion architects should face tougher penalties experts

Those who set up and promote offshore tax evasion and aggressive tax avoidance plans should face jail time experts told members of Parliaments finance committee Tuesday Andr Lareau tax law professor at Universit Laval said monetary fines
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Offshore tax evasion Osborne sets out new penalties

Now Mr Osborne says the government will consult on a new criminal standard harsher fines and increased jail sentences At present offshore tax evaders can be fined twice the amount they owe and can face criminal At a time when families are facing
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FBR to go after evaders using offshore accounts properties to avoid taxes

Under the proposed amendments tax evasion via offshore accounts will be deemed as a punishable crime and those found guilty will either have to pay hefty fines or face jail time of up to seven years The amendments are in line with the Financial Action
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