05/27/2015
The settlement came under a voluntary Justice Department programme launched in 2013 that enables Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income.
05/26/2015
Tax avoidance may once have been its main purpose.
05/26/2015
Some observers are calling this the real and final end of Swiss bank privacy tradition, which mostly dates to the 1930s.
05/19/2015
The world’s richest man, Microsoft’s founder Bill Gates, last night stuck a stick into the eye of capitalist icon Ayn Rand.
05/15/2015
There will be more additions as more and more Swiss banks conclude their discussions as part of the U.S. settlement.
05/13/2015
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.
05/13/2015
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
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
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
“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
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
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
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
The minister said that this mini-conference would provide great opportunities to discuss specific development plans
04/30/2015
Deferring income helped the billionaire hedge fund manager build his fortune
04/24/2015
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
The recommendations would amend the regulations to eliminate duplicative reporting of assets