US: IRS-CI releases 2025 annual report highlighting key investigations
The US IRS Criminal Investigation released its Fiscal Year 2025 Annual Report PDF on 11 December 2025, showcasing banner investigative results fueled by new partnerships and innovative financial investigative techniques. The report details how
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EU: CJEU rejects Dutch firm’s appeal contesting the global minimum tax directive
The Court of Justice of the European Union (CJEU) rejected an appeal filed by Dutch multinational enterprise group Fugro NV on 30 October 2025, upholding the EU General Court’s earlier decision to dismiss the company's challenge to the EU Global
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US: Senator Ron Wyden exposes Pfizer’s tax dodging
US Senate Finance Committee Ranking Member Ron Wyden (D-OR) released the findings from his investigation into Pfizer's tax practices on 27 March 2025. The findings revealed that Pfizer declared zero taxable profits in the US on USD 20 billion in
See MoreUS: Treasury to probe foreign countries’ tax discrimination against American citizens, corporations
Republicans on the US House Ways and Means Committee have proposed new legislation on 22 January 2025, which aims to tighten oversight of foreign tax policies. The bill shall require the Treasury Department to identify extraterritorial and
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US: IRS Criminal Investigation publishes FY24 report detailing global reach, billion-dollar impact
The US Internal Revenue Service Criminal Investigation (IRS-CI) in the notice IR-2024-307 on 5 December 2024 published its Fiscal Year 2024 (FY24) Annual Report that details significant cases involving crimes ranging from tax fraud to cybercrime,
See MoreEU: Public prosecutor probes EUR 520M VAT fraud linked to mafia networks across nations
The European Public Prosecutor's Office (EPPO) has announced, on 14 November 2024, that it launched an investigation into a EUR 520 million VAT fraud orchestrated by multiple mafia groups operating in various EU and non-EU countries. The
See MoreEuropean Commission launches anti-dumping probe on Chinese choline chloride
The European Commission issued the Notice of initiation of an anti-dumping proceeding concerning imports of choline chloride originating in the People's Republic of China in the Official Journal of the European Union (OJEU) on 31 October
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US: Senator Wyden presses Pfizer to comply with pharma tax investigation
US Senate Finance Committee Chair Ron Wyden (D-OR), in a release, on 3 October 2024 announced that Pfizer is the sole company unwilling to cooperate with the Finance Committee's investigation into how major pharmaceutical firms utilise offshore tax
See MoreEuropean Commission launches anti-dumping probe on Chinese steel track shoe imports
The European Commission is set to launch an anti-dumping investigation into steel track shoe imports from China. The Notice of initiation of an anti-dumping proceeding concerning imports of steel track shoes originating in the People's Republic of
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European Commission ends probe into Hungary advertisement tax
The European Commission announced in a report on 26 July 2024 that it closed its in-depth investigation, which opened in March 2015, into the Hungarian advertisement tax. In November 2016, the Commission found that the Hungarian advertisement
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Australia: ATO issues guidance on disregarding Division 7A
The Australian Taxation Office (ATO) issued an advisory regarding the Division 7A provisions on Monday, 24 June 2024, providing clarification on when the Commissioner of Taxation may disregard the operation of Division 7A or allow a deemed dividend
See MoreUS: Working groups to examine TCJA provisions
US Senate Finance Committee ranking member Mike Crapo (R-Idaho) has reportedly established “working groups” of Republican taxwriters to examine various tax provisions affecting individuals, estates, and passthrough entities. These provisions
See MoreUS: Senator Wyden broadens big pharma tax investigation, targets Pfizer
The US Senate Finance Committee Chair Ron Wyden announced that he is expanding the ongoing investigation into the tax practices of multinational pharmaceutical companies with a new letter sent to the CEO of Pfizer on Monday, 20 May, 2024. An
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IMF: Leveraging Anti-Money Laundering Measures to Improve Tax Compliance
On 21 April 2023 the IMF published a working paper with the title Leveraging Anti-money Laundering Measures to Improve Tax Compliance and Help Mobilize Domestic Revenues. The paper points out that anti-money laundering (AML) measures could be used
See MoreChina: Plans to investigate distribution of dividends made to nonresidents
The State Administration of Taxation (SAT) has planned to investigate the distribution of dividends made to nonresidents in calendar year 2012 and 2013 with a view to find out tax evasion activities and to undertake risk analyses, risk verifications
See MoreGermany: Setting up a special unit within the tax investigation department to protect fiscal crime
A special unit has been set up by the German federal state of Baden-Württemberg within its tax investigation department to protect fiscal crime at federal level. The unit will involve carrying out investigation to trace tax evasion strategies and
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