Kristo Käärmann—Fined £365,651 by HMRC for deliberate tax default on £720,495 liability
Kristo Käärmann was fined by HM Revenue & Customs for deliberately failing to notify them of a capital gains tax liability after selling shares worth approximately £10 million in September 2017. Despite multiple HMRC communications in 2019 and 2020, he failed to respond. He was added to HMRC's public tax defaulters list in September 2021. The fine was for either intentionally submitting incorrect documents or deliberately failing to provide correct information.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | secondary | -0.50 |
| Tax Practices | -against | primary | -1.00 |
| Overall incident score = | -0.166 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)× agency (compelled ×0.25)
Evidence (1 signal)
Fined £365,651 by HMRC for deliberate tax default on £720,495 liability
Kristo Käärmann was fined by HM Revenue & Customs for deliberately failing to notify them of a capital gains tax liability after selling shares worth approximately £10 million in September 2017. Despite multiple HMRC communications in 2019 and 2020, he failed to respond. He was added to HMRC's public tax defaulters list in September 2021. The fine was for either intentionally submitting incorrect documents or deliberately failing to provide correct information.