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
Tax
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
04/15/2015
US targets tax evaders in Asia with HK investigators
The stationing of US tax investigators in its Hong Kong consulate signals that America's hunt for taxation evaders has moved to Asia, following years of probes and fines in Europe.
04/15/2015
Picking Up The Tab 2015: Small Business Pay The Price For Offshore
Every year, corporations and wealthy individuals use complicated gimmicks to shift U.S. earnings to subsidiaries in offshore tax havens – countries with minimal or no taxes – in order to reduce their federal and state income tax liabilities by
04/15/2015
Schakowsky, Sanders Introduce the Stop Corporate Tax Dodging Act to close the Notorious Tax Shelter Loophole
The legislation also would end tax breaks for companies that ship jobs overseas.
04/14/2015
These celebrities shelter their wealth in tax havens
Celebrities share the same reluctance to pay taxes as the rest of us.
04/13/2015
IRS, BIR in talks over implementation of US tax rule
Fatca, which became law in the US in 2010, “targets tax noncompliance by US taxpayers with foreign accounts,” the IRS noted on its website.
04/09/2015
US official: 'Stay tuned' for more Swiss bank deals over tax evasion
As a result of leads from banks involved in the voluntary disclosure program
04/08/2015
States Update Legal Landscape to Attract Private Family Trust Companies
States across the U.S. are implementing innovative regulatory and tax-structure solutions in the hopes of attracting private family trust companies