The destructed land left from the acts of deforestation is an eerie sight. A distant treeline, fallen logs, and disrupted vegetation seem both natural and unnatural, and perhaps rightly so. In a recent investigation performed by Victor Galaz and members of the Stockholm Resilience Center, many acts of Amazonian deforestation can be...
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Category: Tariff Evasion
Cybersecurity company Fortinet settles DOJ case over sale of Chinese network security devices to U.S. military disguised as American made
Security vendor Fortinet has agreed to pay the equivalent of $545,000 to settle allegations it illegally sold the U.S. military Chinese technology disguised as American-made equipment, the U.S. Department of Justice announced.
The Sunnyvale, California-based cybersecurity company agreed to pay the government $400,000and provide the U.S. Marine Corps with...
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Bermuda Named World’s Worst Corporate Tax Haven in Oxfam List
According to a list by Oxfam, a charitable organization that works to alleviate global poverty, Bermuda is the worst corporate tax haven in the world. Joining Bermuda on this list are fourteen other tax havens, which include the Cayman Islands and British Virgin Islands. But, what makes Bermuda stand out among the...
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U.S. Customs and Border Protection increases actions on China’s evasion of our duties and antidumping laws including hardwood plywood
U.S. Customs and Border Protection is taking more action to stop China's evasion of our antidumping law and the duties they are supposed to pay on goods being imported into the United States. The most recent efforts involve the duties on hardwood plywood products imported from China. In addition a recent
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Univar USA to pay $62.5 Million to settle feds case on evasion of $36 million import duties on transshipped Chinese Saccharin
Univar USA Inc. (Univar), a subsidiary of Univar Inc. has agreed to pay the United States $62.5 million to settle federal charges that it wrongfully imported 36 shipments of transshipped saccharin between 2007 and 2012. The saccharin was manufactured in China and transshipped through Taiwan to evade a 329 percent antidumping duty...
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Bermuda blacklisted by European Union as a non-cooperative tax jurisdiction
Bermuda was placed on an updated blacklist as a non-cooperative tax jurisdiction by the European Union. The EU hopes that this will inspire Bermuda, as well the other captive domiciles on the list, to take the concept of tax evasion and avoidance seriously, and keep globe financial in order.
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The DOL and IRS Come Together to Better Distinguish and Properly Classify Employees as Opposed to Independent Contractors within The Workforce
In order to assure that workers are being classified correctly, the Department of Labor and the IRS are working together to pay close attention to cases involving determination of work status and issuing the correct penalty to employers.
When it comes to doing work for money, employers can classify...
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Several Billionaires from Britain Attempt to Relocate to Tax Havens in Hopes of Avoiding Payment
Reports from London have shown that nearly a third of the billionaires located in Britain plan to or have already moved to areas considered tax havens. In addition to this sudden shift, there is also talk of an investigation into political party bankrolling from those that have chosen to relocate, as well...
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Turkish Journalist is Sentenced to Jail Time for Her Work in The Paradise Papers as Decided By Istanbul Court After Investigation
After a lawsuit was filed against investigative journalist, Pelin Ünker, for her reporting on the Paradise Papers, an Istanbul court has found her guilty of defaming Turkey’s former Prime Minister, Binali Yildirim. For speaking against Yildirim and reporting on his confirmed offshore activities, Ünker has been sentenced to thirteen months in jail...
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Chinese Windmill Company Pays Total of $57.5 Million to American SuperConducter Inc. After Software is Discovered Stolen
A Chinese company, Sinovel Wind Group Co., has been ordered to pay American SuperConducter Inc. (AMSC) $57.5 million after being convicted of multiple charges regarding the theft of proprietary software. This theft resulted in substantial losses for AMSC, including $800 million in revenue and $1 billion in stock market value. Today, the...
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