Former E&Y partner jailed in US
Tax evasion case leads to three-year jail term
Tax evasion case leads to three-year jail term
A former partner at Ernst & Young has been jailed for three years and
told he must spend time teaching ethics to other tax advisers.
Robert Coplan, once a partner in the US branch of the firm, was jailed for
his part in a $2bn (£1.23bn) scheme to create tax shelters, according to
Reuters.
The court also ordered Coplan to pay $75,000 in fines and ordered to
undertaker 120 hours of cummunity service.
He is one of four serving and former partners convicted in a Manhattan court
on charges of tax evasion and conspiracy in May last year. The other defendants
were also expected to be sentenced this week.
Read more:
US
prosecutors widen investigation
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe European Parliament has given the green light on an EU investigation into the Panama Papers Read More...
View articleQueen's Speech legislation aims to crackdown on financial crime and protect those who have money in some auto enrolment schemes Read More...
View articleBahrain, Lebanon, Nauru, Panama and Vanuatu commit to share financial account information automatically with other countries Read More...
View articleTaxman issues nearly 1,500 production orders last year to crack down on financial crimes Read More...
View articleUN report shows increased channelling of company funds into offshore tax havens such as the Cayman and British Virgin islands Read More...
View articleSmith & Williamson announce appointment of former EY worker John Cooney as partner, ten years after leaving the firm Read More...
View articleGovernmental pressure to crack down on tax evasion is resulting in HMRC applying its criminal investigation policy in an inconsistent manner, writes K...
View articleBritish island territory agrees to sign OECD pact on tax co-operation, which has already been signed by 31 nations Read More...
View article