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17 Apr 2009
The CEO of a yachting company has pleaded guilty to tax fraud charges linked to the UBS tax shelter investigation.
Robert Moran accepted responsibility for concealing more than $3m in assets in a secret bank account at UBS in Switzerland after filing a false income tax return, according to webcpa.com
He failed to declare that he had an interest in a financial account at UBS in Switzerland when filing his tax return in October last year.
Sentencing is scheduled for June 26, and he faces a maximum sentence of three years in prison and a fine of up to $250,000.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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