The Lux Leaks revelations sped beyond Luxembourg, causing European Union regulators to expand a tax-subsidy probe and propose new laws to fight corporate tax dodging, while EU lawmakers created a special committee to probe fiscal deals across the 28-nation bloc.
Antoine Deltour and Raphael Halet face suspended sentences of 12 months and 9 months and were ordered to pay fines of €1,500 (£1,230) and €1,000 (£822) for their role in the so-called Lux Leaks scandal.
Despite the minimal sentences, the ruling was described by Deltour’s lawyer as “shocking” and “a terrible anomaly.” The ruling “puts on guard future whistle-blowers,” Deltour told reporters.
A French court cut the damages owed by rogue trader Jerome Kerviel from €4.9bn (£4.2bn) to just €1m (£860,000).
The court ruled on that Kerviel was “partly responsible” for massive losses suffered in 2008 by his former employer Societe Generale through his reckless trades.
HMRC has revealed 120 cases since last October where Concentrix did not “meet performance criteria set out in its contract, but the actual number may be significantly higher.
The Facebook campaign group Concentrix Mums, which has 7,300 members, says hundreds more people have been affected.Lynden Scourfield, 54, a manager at HBOS, forced struggling clients to use the services of his friends David Mills, 60, and Michael Bancroft, 73.In return, the two businessmen arranged sex parties, cash and lavish gifts.He will appear before a federal court in Brooklyn on Wednesday charged with conspiracy to commit wire fraud, Bloomberg said.Two ex- Pricewaterhouse Coopers staffers were found guilty in Luxembourg of stealing confidential tax files that helped unleash a global scandal over generous fiscal deals for hundreds of international companies.Thousands of people who wrongly had tax credits stopped may be able to claim back-dated payments.Concentrix, which which was supposed to save the government £1 billion by cutting tax credit fraud and overpayment, had its contract terminated on Tuesday after a series of blunders which have left thousands without access to vital cash were uncovered by the BBC.HMRC has allocated 150 staff to help those who may have been affected and said it will assess cases as quickly as possible.If you believe you had tax credits incorrectly cancelled, call the number on the decision letter and request “mandatory reconsideration”.If you’re still unhappy then you can appeal to the Social Security and Child Support Tribunal in England, Scotland or Wales.For Northern Ireland the relevant body is the Appeals Service Northern Ireland.