“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

Italian prosecutors seek trial for Amazon, 4 execs in alleged $1.4B tax evasion

https://www.reuters.com/world/italian-prosecutors-seek-trial-amazon-four-execs-over-alleged-14-bln-tax-evasion-2026-03-12/

#HackerNews #Amazon #TaxEvasion #ItalianProsecutors #LegalNews #ExecsTrial

"Biden said partnerships were evading $100B in taxes. Trump says🚨they shouldn’t have to report the transactions.

The Trump admin signaled a plan Fri🚨to revoke a 2-year-old tax rule designed to crack down on an arcane but highly lucrative tax avoidance tactic used by some of the largest & most complicated bus'."

The #TrumpRegime steals💰from the US Treasury in numerous ways, & may deplete it further to benefit the 1%.
#Corruption #IRS #TaxEvasion #Treasury #Protest #USPol
https://www.washingtonpost.com/business/2026/03/07/trump-tax-loophole-partnership-basis-shifting/

#SCOTUSblog co-founder Thomas Goldstein was convicted yesterday "of #TaxEvasion and related charges stemming from his secretive lifestyle as an ultra-high-stakes international #poker player."

The veteran #legal commentator was successfully prosecuted by #DOJ on 12 of 16 counts related to concealing millions of dollars in #gambling income.

Goldstein reportedly took in over $50 million in winnings in 2016 alone, and #trial witnesses included #Hollywood “#SpiderMan” star Tobey Maguire, an avid poker player.

https://www.politico.com/news/2026/02/25/supreme-court-litigator-convicted-of-tax-evasion-over-income-from-high-stakes-poker-00799860

Goldstein Convicted on 12 of 16 Criminal Counts After Trial (2)

Poker-playing former US Supreme Court litigator Tom Goldstein has been found guilty of 12 of 16 counts following…
#NewsBeep #News #Headlines #criminalfraud #excisetax #falsestatements #Juries #taxevasion #taxfraud #UnitedStates #Us #USA
https://www.newsbeep.com/408927/