bp madrid holdings anti-fraud news articles Problems regarding tax frauds continue to dwell and even worsens. Efforts are now fully focused on the issue of prioritizing VAT fraud. The debate on VAT fraud has been divided into 2 main areas: 1. Conventional measures to reinforce existing VAT system. 2. More far reaching measures to modify the system, namely: o An option for Member States to introduce a general reverse charge system; o Taxation of Intra-Community transactions The Commission created a new expert group with Member States, the "Anti Tax Fraud Strategy (ATFS)" expert group, with a view to conduct the technical discussions on the conventional measures. The Vat system is not enough to combat a VAT fraud within a single market. There is need to improve a greater system in order to have a harmony and increase in cooperation between the state and the people. The commission proposes to improve measures to strengthen the existing system. Insinuations of tax evasion and target incompetence for income measurement are significant. Systematic misinterpretations of income source present misleading view of income distribution and redistribution profiles. Proposals have been submitted to fight fraud. More far reaching methods such as legislative proposals were released February 2008. In this Communication the Commission analyses the taxation of Intra-Community transactions and the introduction of the option of a general reverse charge system. November 2007, the commission presented a Communication with key elements concerned the conventional measures like the need of tax administrations for accurate information, the integration of an EU approach into the management of the VAT system and the importance of updated information on the VAT status of persons. The programs work by providing global approach to give measures for some action plans: to prevent potential fraudsters, an online confirmation was made available to traders for the vali

http://www.nfib.police.uk/force-writes-to-potential-fraud-victims.html

City of London Police has written to up to 1,800 people they believe may have been targeted by boiler room fraudsters, after discovering a list of names and addresses as part of an international investigation.
The investigation dubbed Operation Skijump was prompted by information fed into the National Fraud Intelligence Bureau (NFIB).
Police believe people may have been contacted by fraudsters trying to sell company shares that are either worthless or of very little value.
Two men have already been arrested and charged with conspiracy to defraud and conspiracy to money launder.
Officers are asking anyone who invested in the following companies to contact them as soon as possible by emailing skijump@cityoflondon.police.uk
* Hampton Capital Management Incorporated
* Pacific Capital Resource Group LLC
* Fidelity Capital Management LLC
* North Pacific Escrow LLC
* North American Charter Incorporated
* North Pacific Charter LLC
The banks at which these accounts are held are predominantly:
* Wells Fargo Bank
* US Bank
* Bank of the West
* HSBC Bank USA.
North American Charter Incorporated and Fidelity Capital Management also have accounts at the Bank of Montreal, and North Pacific Charter LLC has an account at the Royal Bank of Canada.