International taxes

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage.

Hanno Berger, a German lawyer dubbed the "mastermind" of Cum-Ex, was sentenced for his role in part of a sprawling tax scandal that's robbed billions of euros from government coffers.

The heads of tax authorities in five countries are busting companies using electronic sales suppression software to evade sales and value-added taxes.

The European Union proposed new rules to combat tax fraud and evasion in the crypto sector by requiring all digital asset service providers to report transactions involving customers residing in the bloc.

Hanno Berger, a key figure in the sprawling Cum-Ex tax scandal, should get nine years in prison, prosecutors said in closing arguments at a German criminal trial.

Officials discussed IRA provisions including tax credits for both commercial and electric vehicles, critical raw materials and the supply chain.

The scandal has increasingly ensnared Wall Street's biggest banks.

According to data released by the OECD, the average combined statutory tax rate in its sample of over 160 countries was unchanged at 20% this year.

Tax professionals have been clamoring for more detail and clarity regarding whether (and under what circumstances) corporations and partnerships must file Schedules K-2 and K-3, particularly where they have little or no foreign activity and shareholders or partners.

Ex-Maple Bank CEO Wolfgang Schuck was sentenced to four years and four months by the Frankfurt Regional Court, which also convicted three colleagues.

U.S. Supreme Court justices questioned the legality of stiff penalties the federal government says it can impose on people who fail to file required reports listing their foreign bank accounts.

Italy's Guardia di Finanza is alleging that Pfizer's unit based just outside Rome, Pfizer Italia Srl, transferred excess capital to affiliates in the U.S. and the Netherlands to avoid taxes on profits that can be as high as 26%.

The deal brings to an end the investigation into suspicions of laundering of tax fraud proceeds.

Credit Suisse Group AG will aim to settle a tax fraud and money laundering case in France on Monday that saw coordinated raids in five countries from Australia to the U.K.

The prime minister quit after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout.

More and more, these assets are becoming embedded in the world's financial systems.

The PM scrapped her plan in another dramatic U-turn, hours after she fired Kwasi Kwarteng as U.K. chancellor of the exchequer.

Pressure is coming from the financial markets and members of the ruling Conservative Party to restore economic credibility.

The Organization for Economic Cooperation and Development introduced a framework this week for the automatic exchange of information between countries on crypto-assets, in response to a request from the G20 financial leaders.

The Swiss bank had promised in 2014 to stop helping U.S. citizens evade taxes, but investigators have their doubts.