tax evasion
Coverage of tax evasion in the Nexus archive.
- Reserve Bank of India still favors crypto prohibition to curtail tax evasion: Reuters
The Reserve Bank of India continues to support a ban on cryptocurrencies to prevent tax evasion, according to a Reuters report.
- Scott Bessent goes after the top Mexican cartel’s new billion-dollar business: gas stations
The U.S. Treasury imposed sanctions on individuals and companies linked to the Jalisco New Generation Cartel for a fuel theft and tax evasion scheme generating millions annually. Treasury also issued an alert to financial institutions about red flags for fuel smuggling from the U.S. into Mexico, as the cartel expands beyond drug trafficking.
- Bank of China used disguised mutual funds to avoid paying US$348m in taxes, audit finds
Bank of China evaded 2.37 billion yuan (US$348 million) in taxes by misusing preferential treatment for publicly offered mutual funds between April 2023 and August 2025, according to a National Audit Office report. The audit found the bank used disguised mutual fund structures to avoid paying taxes, as Beijing intensifies financial compliance efforts.
- Carlos Mencia’s six years of tax avoidance ‘a mistake,’ lawyer says
Comedian Carlos Mencia was arraigned on tax evasion charges for failing to report $8.7 million in income over six years. His lawyer described the issue as a mistake and expects a guilty plea, while prosecutors argued for a no-bail hold. A judge reduced Mencia's bail to $50,000 after agreeing the bond funds would not come from illegal sources.
- Liberia: Liberia, Sierra Leone Sign Tax Cooperation Agreement
The Liberia Revenue Authority (LRA) and Sierra Leone's National Revenue Authority (NRA) signed a Memorandum of Understanding (MoU) to strengthen cross-border tax compliance, enhance information sharing, and combat tax evasion between the two countries.
- Governor’s address in T.N. Assembly: Illicit mining and tax evasion will be dealt with an iron hand, says Arlekar
Governor Arlekar delivered his first address to the Tamil Nadu Assembly following the formation of the TVK-led coalition government under Chief Minister C. Joseph Vijay. He emphasized that illicit mining and tax evasion will be addressed with strict measures.
- Milei’s top aide admits hiding $500,000 from Argentine tax agency
Milei’s top aide admitted hiding $500,000 from the Argentine tax agency. The President’s spokesperson stated that many Argentines keep savings 'off books' similarly.
- Top barrister accused of tax evasion was avoiding ‘red tape’, court hears
Robert Venables, a top barrister, is accused of setting up trusts and a partnership structure to evade £2 million in taxes, according to court proceedings. The prosecution claims he avoided HMRC obligations through these arrangements.
- Seven charged after Hong Kong fire that killed 168 people
Seven individuals and two companies are charged with offences including manslaughter and tax evasion following a fire in Hong Kong that killed 168 people. The blaze occurred at Wang Fuk.
- 7 people charged with offences including manslaughter over Wang Fuk Court fire
Seven individuals and two companies have been charged with 25 offenses, including manslaughter and conspiracy to defraud, in connection with Hong Kong's deadliest recent fire at Wang Fuk Court. The charges were brought by police and the Independent Commission Against Corruption (ICAC).
- Calabasas man gets 2 years in prison for illegal offshore gambling business, evading taxes on $4 million
Jason Noah Feinman was sentenced to 27 months in prison for operating an illegal offshore gambling business, money laundering, and evading taxes on over $4 million, as reported by the U.S. Justice Department.
- FBI raids $35M SoCal mansion of tech boss charged with sending secret shipments to Iranian military, nuclear programs
The FBI raided a $35 million Southern California mansion owned by a tech boss charged with violating US sanctions by sending secret shipments to Iranian military and nuclear programs. Federal authorities are also investigating the individual for money laundering, tax evasion, and other crimes.
- New Orleans Woman Charged for $1.3 Million COVID Fraud and Tax Evasion
A woman from New Orleans has been charged with $1.3 million in COVID fraud and tax evasion. The charges relate to fraudulent activities during the pandemic and unreported taxes.
- Couple in their 60s swindled £630,000 by claiming benefits and dodging tax - while building a 'Monopoly-style' property empire
A couple in their 60s fraudulently claimed benefits and evaded taxes to amass £630,000 while constructing a 'Monopoly-style' property portfolio. The scheme involved exploiting financial systems to build significant real estate assets.
- Tax evaders are trying ‘novel digital assets’ to dodge authorities: Chainalysis
Italian authorities discovered a tax evasion scheme where an individual used Bitcoin Ordinals and BRC-20 tokens to hide approximately $1.1 million in assets. Chainalysis reports that tax evaders are increasingly turning to novel digital assets to conceal income from authorities. This represents a growing concern for law enforcement agencies monitoring cryptocurrency-based financial crimes.
- South Korea tax agency opens bidding for crypto tracing tool
South Korea's tax authority is developing a crypto transaction tracking software to identify potential tax evaders by monitoring cryptocurrency transactions. The initiative aims to enhance tax compliance through advanced digital tracing tools.
- Former Arizona Elected Official Pleads Guilty to Embezzlement of More Than $38 Million of County Funds
Elizabeth Gutfahr, former Santa Cruz County Treasurer from 2012 to 2024, pleaded guilty to embezzling over $38 million in county funds, along with charges of money laundering and tax evasion. The case represents a significant breach of public trust by an elected official responsible for managing county finances.