Prosecutors have called the scheme the largest tax evasion plot in U.S. history.
may have played more of a role in a $2 billion tax evasion scheme by his former business partner than previously believed, according toThe IRS filed documents in civil court that allege Smith helped set up the transaction “Project Hotrod” that allowed his former partner Robert Brockman to transfer $635 million into offshore holdings—money that should have been taxed, it said.
Smith’s lawyer told the paper that the government “never has alleged that Robert Smith engaged in any wrongdoing in connection with the transaction, nor that Mr. Smith knew that Mr. Brockman structured the Hotrod transaction for the purpose of illegally avoiding taxes.” The filing came more than a year after Smith had agreed to testify against Brockman as part of a non-prosecution agreement.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WSJ News Exclusive | Vista’s Robert Smith Had Bigger Role in Alleged Tax Fraud Than Previously Known, Documents ShowRobert Smith, the billionaire chief executive of private-equity firm Vista Equity Partners, played a larger role than previously known in the $2 billion alleged tax evasion of his former business partner, recently filed court documents show
Leer más »
IRS to hire 10,000 workers to help with tax return backlogThe IRS is taking steps to relieve the backlog of tax returns.
Leer más »
Charities struggle to send humanitarian aid into UkraineWith ports blocked and roads made treacherous in the aftermath of Russia’s invasion of Ukraine, charities currently can’t send humanitarian aid into Ukraine through normal channels, AP reports.
Leer más »
Pa. Gov. Wolf Considers Direct Payments of up to $2,000 for Some HouseholdsPennsylvania’s governor and his Democratic allies in the Legislature are laying out their proposal to spend federal pandemic relief money on workers, environmental programs and a one-time property tax subsidy for lower-income homeowners and renters
Leer más »
Here's Exactly What to Do if You or Someone Else Is Having a Heart AttackHow to recognize, get help for, and provide first aid for a heart attack.
Leer más »
People Are Booking Airbnbs in Ukraine as a Way to Send AidPeople around the world have booked over 60,000 nights in Ukrainian Airbnbs as a way to get aid to residents during the Russian attack
Leer más »