The two reportedly undervalued the company for purposes of the sale in order to avoid paying tax on the transaction.
He used false invoices to avoid paying tax on computer parts which were bought VAT-free in the Republic of Ireland.
Israr Javid, 43, used false invoices to avoid paying tax on computer components, which had been bought VAT-free in the Republic of Ireland.
BBC: VAT fraud businessman Israr Javid jailed for five years
He is also accused of transferring millions of dollars within the family to avoid paying tax, and of falsely listing his wife as a company employee.
We'll make sure that companies can't avoid paying tax on income they earn in the U.S. by pretending that they earned it in an overseas tax haven instead.
WSJ: Max Baucus and Dave Camp: Tax Reform Is Very Much Alive and Doable
The vast majority of British accountants who try and play fair are under pressure because of the increasing number of professionals who go to all lengths to avoid paying tax, he argued.
The biggest single change would be the elimination of the Alternative Minimum Tax, a parallel version of the income tax that was introduced in 1969 to ensure that rich Americans could not avoid paying tax altogether by taking too many deductions.
The country's role as an offshore tax haven dates back to 1982 when the island signed a tax treaty with the USSR - which has allowed Russian businessmen to completely avoid paying tax on the profits their businesses make in their home country.
Would you change your answer if taking the smaller tax cut allowed you to avoid paying income tax entirely?
People who do not want to pay a tax on imported petroleum can avoid paying a tax by using biofuels.
It's also amazing to behold Democrats who routinely claim that high tax rates don't matter to business behavior denouncing a business for engaging in behavior to avoid paying higher tax rates.
Similarly, France is looking at why multinationals are able to avoid paying sales tax when selling to French consumers.
Labour MP John Mann, who sits on the Treasury Committee, criticised the willingness of web based companies to avoid paying UK tax.
Labour's Nick Brown, who tabled the question, said it was "reassuring" that Mr Lester's terms had changed, but claimed: "The purpose of these arrangements was to avoid paying income tax and National Insurance".
The overall picture is by now familiar to anyone interested in the news: Google, Amazon, Starbucks and many other multinationals are using different jurisdictions and complex accounting rules to avoid paying corporation tax.
FORBES: Links 3 Dec: Apple, Google, Facebook, Amazon. The European Taxmen Are Going After Them All
Others were criticised for labelling a property as a "second home" for expenses purposes - but as their main home for tax purposes, allowing them to avoid paying capital gains tax when they were sold.
This may seem counter-intuitive but the whole point of the gift tax is to prevent people from using lifetime gifts to avoid paying the estate tax.
It's amazing what contortions people will endure to avoid paying a small tax.
The strange aspect of these provisions is that it is almost like Congress is asking taxpayers to avoid paying the estate tax.
FORBES: Want to Avoid the Estate Tax Cliff? Five Ways to Help
We'll look to close loopholes like those used by some lawyers and celebrities to avoid paying the payroll tax on much of their earnings.
WSJ: Max Baucus and Dave Camp: Tax Reform Is Very Much Alive and Doable
The treaty allows companies to avoid paying the same tax on goods or services in two countries, such as a financial transactions tax, or an income tax.
FORBES: Brazil Businessmen Urge Obama to Sign Double Taxation Treaty
Believe it or not, some people would rather spend more trying to avoid paying taxes than the tax dollars at stake.
FORBES: Tax Savings Aren't Everything, Not Even For Marilyn Monroe
So, savvy multinationals would much rather bring the dough back now at an extremely low rate and avoid paying a bigger transition tax in a couple of years.
Some big companies take advantage of these loopholes to avoid paying millions of euros in tax.
And it still leaves huge holes that the rich and well-advised can use to avoid paying U.S. tax.
As a result, some large multinationals are able to restructure their business to avoid paying their fair share in tax.
The report was published a few days ago, in the context of fiscal austerity and attacks on companies that avoid paying their fair share of tax.
FORBES: Corporate Tax 2.0: Why France and the World Need a New Tax System for the Digital Age
Like many U.S. multinationals, Cisco chooses to keep the bulk of its foreign earnings in foreign accounts to avoid paying U.S. corporate tax.
"For someone wealthy enough that expatriation tax is an issue, it's worth paying someone to avoid it, " says Richard LeVine, an international tax lawyer with Withers Bergman in New Haven, Conn.
He said there were now "tens of thousands" of lawyers and accountants who do "nothing but avoid tax for their highly-paying clients".
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