Tax evasion cases jump 79% in Trinidad and Tobago

Pedro Gonçalves
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Tax evasion cases jump 79% in Trinidad and Tobago

Trinidad and Tobago has seen a 79% surge in tax evasion cases last year, according to the jurisdiction's Financial Intelligence Unit (FIU). The FIU, received 134 reports of tax evasion valued at TTD$697m and 286 reports of money laundering valued at TTD$329m. Overall, the FIU recorded 1,019 suspicious transactions valued at TTD$1.7bn (£190m) for 2019, according to the latest figures first reported by local news outlet Daily Express. The FIU is a specialised, intelligence-gathering unit ...

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