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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

China state newspaper accuses foreign firms of tax evasion

China’s state-run newspaper People’s Daily has accused multinational companies of avoiding taxes in China and urged authorities to take measures to combat tax evasion.
 
Foreign companies have been diverting their profits to overseas branches or their parent companies in order to avoid paying taxes in China, People’s Daily said.… Continue Reading

South Korea businessmen are on a bender

Corporate spending for entertainment in South Korea is in the news. Expenses for booze and apparently other nighttime activities are deductible, so the National Tax Service can track bar bills through tax returns.… Continue Reading

Park-Ohio discloses potential violation

Park-Ohio Industries Inc. said on Thursday that a third-party payment on its behalf to tax authorities may have violated the Foreign Corrupt Practices Act.

The subsidiary of Park-Ohio Holdings Corp. said in its latest quarterly filing with the Securities and Exchange Commission that it received a subpoena from the SEC in August.… Continue Reading

‘Resource curse’ still haunts Uganda, Kenya

Since discovering oil in 2009, Uganda has not pumped a single barrel and the resource remains unexploited. An historic opportunity has so far been stymied by bureaucracy, law suits, corruption, hostilities with neighbors taking on a military hue, as well as the lack of adequate infrastructure to move the oil to market.… Continue Reading

Four charged in U.K. for Nigeria bribes

The U.K. Serious Fraud Office said Monday that three men and a woman were charged in Westminster Magistrates’ Court with two counts of conspiracy to corrupt.

The charges followed a two-year investigation into allegations of corruption at Swift Technical Energy Solutions Ltd, a Nigerian subsidiary of the Swift Group of companies, the SFO said.… Continue Reading

Strip Stamp ‘Scandal in the Making’ in the Philippines

In editorials directly addressing Bureau of Internal Revenue Commissioner Kim Henares, two Philippines-based journalists urged the government to exercise “extreme caution” before entertaining a contract bid from Chinese laser technology company Huagong Tech Company Ltd.… Continue Reading

Noble Execs Charged By SEC

Three executives from oil services firm Noble Corporation were charged today by the Securities and Exchange Commission with bribing officials in Nigeria in exchange for illegal import permits for drilling rigs.… Continue Reading