Elites Hide Assets in Teeth — ‘Oral Offshoring’ Goes Viral

Tax Agency flags ‘unnatural smiles’ at filing venues.

#AltAndPaperEN #TaxEvasion #Dentist #Webcomic

Crypto Hidden in Wisdom Teeth — 'Mouth Banking' Now Has 3-Year Wait

Dentists now offer tax evasion services. Tax agency flags 'unnatural smiles.'

https://alt.andpaper.net/en/articles/20260414-tooth-camo-tax-evasion/

#AltAndPaperEN #MouthBanking #TaxEvasion

undefined | Coimbatore financial advisor gets Rs 24.8crore fine and two years jail for tax evasion

A Coimbatore court sentenced financial advisor B Fayaz Ahmed to two years of rigorous imprisonment and imposed a fine of Rs 24.8 crore for wilfully evading tax. The case concerned the 2015‑16 assessment year, where Ahmed had declared a taxable income of about Rs 48 crore but failed to discharge the tax liability. Investigators found that he had falsely claimed Rs 7.5 lakh as tax deducted at source through his firm YFS Finance Limited, even though the amount was never deposited with the government.

Despite repeated notices and multiple opportunities to clear the dues, Ahmed did not comply, leading the Income Tax Department to calculate a total outstanding amount of Rs 24.78 crore, inclusive of interest and penalties. The matter was heard by Chief Judicial Magistrate K Sivakumar, with Special Public Prosecutor K Venkatesh representing the tax department, who argued that the non‑payment was a deliberate attempt to evade tax.

The court found Ahmed guilty under Section 276C(2) of the Income Tax Act for willful tax evasion, confirming the stringent penalty. The ruling underscores the authorities’ resolve to crack down on financial fraud and serves as a warning to others who might attempt similar schemes.

Read more: undefined

#coimbatore #bfayazahmed #incometaxdepartment #incometaxact #taxevasion

“The amount of untaxed wealth hidden offshore by the richest 0.1 percent exceeds the entire wealth of the poorest half of humanity (4.1 billion people), according to a new Oxfam analysis published on April 2, 2026, ahead of the 10th anniversary of the Panama Papers.

The findings show that, a decade later, the super-rich continue to exploit offshore systems to evade taxes and conceal assets, highlighting the urgent need for coordinated international action to tax extreme wealth and end the use of tax havens.

An amount of $3.55 trillion in untaxed wealth was stashed offshore in tax havens and unreported accounts in 2024, according to Oxfam’s estimates. “This sum exceeds the GDP of France and is more than twice the combined GDP of the world’s 44 least developed countries,” a statement by Oxfam noted.“

https://www.downtoearth.org.in/governance/untaxed-wealth-hidden-offshore-by-richest-01-surpasses-entire-wealth-of-the-poorest-half-of-humanity-oxfam

#TaxHavens #Offshores #TaxEvasion #Inequality

As a friend used to say when I suggested some cockamamie scheme, it's fine if you don't mind having a criminal record.

Kinfolk: California is the place you wanna be
So they loaded up the truck and they moved to Beverly.
Hills, that is.
Swimming pools. Movie stars.

"The media attention and awareness that comes with an enforcement crackdown, particularly with publicized cases such as Tennessee’s arrest of YouTuber Cody Detwiler — known as WhistlinDiesel — is thought to help with deterrence, experts said."
https://www.latimes.com/california/story/2026-04-03/rich-register-ferraris-porsches-in-montana-to-avoid-taxes-california-is-cracking-down

#TaxEvasion #CockamamieSchemes #California #Montana

It's been 10 years since the Panama Papers leaks. There has been *some* accountability, but there is still a lot of work left to do.

"The report released on Thursday highlights that a decade after the Panama Papers leak, the global elite continue to utilise a complex international financial system to move immense fortunes beyond the reach of public scrutiny and taxation."

https://uk.finance.yahoo.com/news/ten-years-since-panama-papers-094611187.html

#OTD #OnThisDay #PanamaPapers #TaxEvasion #inequality

Wealthy British nationals fleeing Gulf conflict bypass UK to avoid tax bills | HMRC | The Guardian
https://www.theguardian.com/politics/2026/mar/14/wealthy-british-nationals-fleeing-gulf-conflict-bypass-uk-to-avoid-tax-bills

#UK #TaxEvasion