close

Practice

Business

Tax

Technology

Regulation

Resources

Rankings

Advertise With US

    Information

    Lord Black on fresh tax charges

    Lord Black on fresh tax charges

    US grand jury probes looting claims

    Author Date published August 20, 2006 Categories

    Lord Black, former chief executive of Hollinger has been charged with
    ‘willfully causing the company to file false tax’ returns by under-reporting the
    media group’s income by $13m (£6.9m) in 1999 and $16m (£8.5m) in 2000, the
    Daily Telegraph reported.

    The fresh charges were laid down by a US grand jury probing the alleged
    looting of his former business empire, Hollinger International.

    Black stepped down as CEO of Hollinger in November 2003 and was later ousted
    as chairman.

    Under the indictment Black has been ordered to forfeit a $2.6m (£1.4m),
    26-carat diamond ring, his $8.5m (£4.5m) Palm Beach home and the $8.9m (£4.7m)
    raised from the sale of a New York apartment.

    Share

    Subscribe to get your daily business insights

    Get the latest analysis and reports delivered to your inbox daily

    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    1m Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    2m Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    3y

    Turn Accounts Payable into a value-engine

    In 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 resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    2m Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

    Related Articles

    HMRC issues second warning to crypto users
    Personal Tax

    HMRC issues second warning to crypto users

    3m Idris Nagri

    HMRC issues second warning to crypto users

    HMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...

    View article
    Phil Thompson loses IR35 case
    HMRC

    Phil Thompson loses IR35 case

    4m Idris Nagri

    Phil Thompson loses IR35 case

    The recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...

    View article
    New HMRC tax rules set to impact online sellers
    HMRC

    New HMRC tax rules set to impact online sellers

    4m Rachael Kennedy

    New HMRC tax rules set to impact online sellers

    From January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...

    View article
    25% of total income and capital gains tax paid by 100,000 taxpayers
    Personal Tax

    25% of total income and capital gains tax paid by 100,000 taxpayers

    4m Idris Nagri

    25% of total income and capital gains tax paid by ...

    HMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...

    View article
    Duality of purpose: Social media blurs the lines
    Personal Tax

    Duality of purpose: Social media blurs the lines

    7m Steven Pinhey , Technical officer, ATT

    Duality of purpose: Social media blurs the lines

    Steven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...

    View article
    Self Assessment threshold change: Solution or problem?
    HMRC

    Self Assessment threshold change: Solution or problem?

    8m David Wright , ATT technical officer

    Self Assessment threshold change: Solution or prob...

    ATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...

    View article
    Inheritance tax freeze 'disproportionate' amid UK borrowing plateau
    Personal Tax

    Inheritance tax freeze 'disproportionate' amid UK borrowing plateau

    12m Greg Noble

    Inheritance tax freeze 'disproportionate' amid UK ...

    This was the fourth largest borrowing year since records began in 1993 Read More...

    View article
    Breathing space from Capital Gains Tax for separating couples
    Personal Tax

    Breathing space from Capital Gains Tax for separating couples

    1y David Wright , ATT technical officer

    Breathing space from Capital Gains Tax for separat...

    ATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...

    View article