05/13/2015
US House of Representatives votes to repeal estate tax
On 16 April the House of Representatives voted to repeal estate tax, currently 40% with a $5.5 million exemption for individuals and an $11 million exemption for couples.
Tax
05/13/2015
An American Tax Nightmare
Pressure is growing to halt its pernicious impact.
05/11/2015
Puerto Rico – The Truth About This Tax Haven
Nobody likes to pay taxes, even if we grudgingly accept their role in making civilization possible.
05/08/2015
IRS expands use of legal tools against tax evaders
The U.S. Internal Revenue Service is planning to broaden the use of subpoenas of documents in cases where the name of a taxpayer under investigation is not known.
05/08/2015
Americans abroad renouncing US citizenship hits record ‐ again
More Americans renounced their US citizenship in the first quarter of 2015 than any previous quarter in history, according to the IRS.
05/07/2015
Falciani: all banks help evade taxes
“The higher compensation people get for helping justice, the greater the pressure cheaters will have. It’s important to know people can gain a lot more by helping instead of cheating.”
05/06/2015
Overseas Americans ramp up bid for tax relief
Organizations representing millions of Americans who work abroad are storming Capitol Hill in a push for tweaks to tax and banking policy
05/05/2015
FATCA Pressures Taxpayers to Reveal Accounts to IRS
The Foreign Account Tax Compliance Act is meeting with some success in prompting foreign banks to disclose the holdings of U.S. taxpayers to the Internal Revenue Service
05/05/2015
UK Supreme Court to hear HMRC case on bank bonuses
The UK’s highest court is to hear an appeal by HM Revenue & Customs over two offshore schemes designed to avoid paying tax on bankers’ bonuses
05/01/2015
IRS Real Winner in Mayweather vs. Pacquiao Fight
P Diddy may be backing Floyd Mayweather over Manny Pacquiao, but the Internal Revenue Services will likely be the real winner of the expected heavy gambling on Saturday’s fight in Las Vegas
04/30/2015
Apple may owe a lot of back taxes in Ireland
The company, which two years ago testified to the US Senate that it's not a tax dodger, is facing an European Commission investigation into whether tax breaks from Ireland were illegal state aid.
04/30/2015
US will support Guinea-Bissau in the improvement of the tax system
The minister said that this mini-conference would provide great opportunities to discuss specific development plans
04/30/2015
George Soros May Face a Monster Tax Bill
Deferring income helped the billionaire hedge fund manager build his fortune
04/24/2015
U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes
The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens
04/22/2015
Taxpayer Advocate Recommends Merging FATCA and FBAR Reporting Rules
The recommendations would amend the regulations to eliminate duplicative reporting of assets
04/21/2015
Who isn’t paying taxes?
Congressional hearings in the past few years made headlines exposing how Apple and Microsoft moved money overseas to avoid paying U.S. taxes
04/20/2015
‘Constructive’ talks on US banks tax evasion row
Tensions between Swiss banks and the United States justice authorities should ease up in 2015
04/20/2015
IRS Says Prominent Texas Billionaire & Late Brother Owe $3B
Stewart Thomas, a lawyer for the Wylys, called the IRS claims “unfair and absurd.”
04/20/2015
Four ways you can still hide your money
Wealthy Americans are running out of ways to hide their money
04/16/2015
Four Ways Rich People Can Still Hide Their Money
The Swiss bank account is no longer so secret, but there are other ways to keep assets away from prying eyes