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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers. James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent.

Fraud 223
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Amazon’s Biggest Campus In The World Opens In India

PYMNTS

Amazon was going to build a huge new headquarters in New York, but eventually decided against it, due to local opposition and despite tax breaks. Amazon, for its part, started working in India in 2004, but retail endeavors began in earnest in 2013. The company’s next headquarters is being built in Arlington, Virginia.

Arlington 170
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BBVA: Inquiry Into Spying Allegations Could Last Months

PYMNTS

The matter involves Jose Manuel Villarejo, who was reportedly hired by the bank to spy on executives of a possible buyer as well as government officials in 2004, at which time Gonzalez was executive chairman of the Spanish bank. The report is a response to alleged finance-related crimes and high-profile money laundering cases in the region.

Taxes 116
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African Dictator’s Son Stands Trial For Money Laundering

PYMNTS

Forbes reported that Obiang has been accused by prosecutors of siphoning funds from a tax on sales of wood — levied during his time as agriculture minister from between 2004 and 2011 — to his own bank accounts.

Taxes 145
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London’s Dirty Little (Money Laundering) Secret

PYMNTS

office were facilitating tax evasion and money laundering. regulators didn’t seem inclined to take any real steps toward looking into the claims about BSI’s role in tax evasion at the time. A former employee at Swiss bank BSI, who worked at the bank’s U.K. But as the FT’s reports showed, U.K.

Taxes 100
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Ant Financial Looking To Resurrect Stalled IPO

PYMNTS

Ant Financial’s initial product was the 2004 payment-processing service Alipay. percent pre-tax profits for a 33 percent equity stake. It has since morphed into a platform offering a full suite of services — mobile payments, savings accounts, personal investing, lending, and credit scoring. .

Taxes 131
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New Year’s Resolution: Healthier accounting firm growth with a pipeline full of better clients

Abrigo

As you prepare for upcoming engagements with your “best” tax and audit clients, be thinking of how you will turn those meetings into opportunities for additional business advisory work once busy season ends. It costs 11 times more to acquire a new customer than to keep an existing one, according to industry research.

Meeting 192