02/13/2015
Tax-Refund Fraud Soaring, Little IRS Can Do
The whole system is a disaster
Tax
02/10/2015
Clinton foundation received up to $81m from clients of controversial HSBC bank
The charitable foundation run by Hillary Clinton and her family has received as much as $81m from wealthy international donors
02/05/2015
UBS Faces a New Tax-Evasion Probe
Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash
02/05/2015
Obama tax plans could spark US corporate exodus
It also calls for a 19% minimum tax on future foreign earnings
02/04/2015
China to Crack Down on Tax Collection From Multinational Companies
China’s tax officials plan to step up efforts to collect taxes from multinational corporation in the latest of a series of moves in the last year, mostly against Western companies.
02/04/2015
Reinsurance, Hedge Fund Tax “Loophole” Rule Set for the Spring
Reworked tax rules on how hedge funds can set up reinsurance shop in in offshore domiciles and continue to receive a favorable tax treatment are expected to be issued in the next 90 days, according to Internal Revenue Service Commissioner John Koskinen.
02/04/2015
IRS to issue regulations on hedge fund reinsurance strategy
The aim is to stop what some see as a way for hedge funds to avoid tax on income by using offshore reinsurance operations and for their investors to avoid U.S. tax laws too.
01/30/2015
HSBC Still Aiding Tax Fraud Even After Justice Department Settlement
Justice Department officials have defended deferred prosecution agreements
01/30/2015
IRS Targets Banks In FATCA Crackdown
The US Internal Revenue Service has posted tax investigators to foreign embassies to lead a Foreign Account Tax Compliance Act crackdown on suspected tax evasion.
01/28/2015
Prager Metis CPAs Completes Merger with Polakoff and Michaelson
The accounting and business consulting firm of Prager Metis CPAs, LLC, has completed a merger with Polakoff & Michaelson
01/22/2015
Biden: Nobody Thinks Tax Increases Would Damage the Wealthy
Vice President Joe Biden said Wednesday that Republican lawmakers will be motivated to work with Democrats
01/21/2015
Democratic lawmakers push bill to stop corporate offshore tax moves
Democratic lawmakers Tuesday pushed legislation to stop U.S. companies from reincorporating overseas to reduce their tax bills, saying a wave of so-called inversions last year has nearly doubled the revenue the federal government will lose from those move
01/19/2015
Obama to Propose Tax Increases on Investments, Inherited Property
President Expected to Outline Tax Measures in State of the Union Address
01/19/2015
Tax Reform Should Go Right Down Main Street
Large firms need relief, but smaller enterprises vital to the economy are often hit even harder.
01/14/2015
Lawmakers Re-introduce Bill to Curb Offshore Tax Havens
A pair of Democratic lawmakers in the House and Senate have re-introduced legislation aimed at preventing the abuse of offshore tax havens by multinational companies.
01/09/2015
Swiss citizens come clean on tax cheats
A total of 15,039 Swiss residents have filed voluntary disclosures since the government introduced an amnesty
01/07/2015
Legal twist to info exchange
Barbados appears to be moving into full financial information-sharing mode as the world’s most powerful countries put their foot down on tax evasion.
12/30/2014
Top 10 Reasons to Abolish the Corporate Income Tax
Tax complexity disappears, the obsession with after-tax profit vanishes and stock prices climb even higher.
12/30/2014
Bank Leumi Fined $400 Million for Tax Evasion Scheme; Bans Compliance Officer
Bank Leumi Group will pay a total of $270 million to the United States, and another $130 million to the New York State Department of Financial Services
12/25/2014
Netherlands, Curacao To Avoid Double Taxation From 2016
The Dutch Ministry of Finance announced that a new regulation for the avoidance of double taxation between the Netherlands and Curacao is expected to be effective beginning 1 January 2016.