Tax Evasion

Oldest Private Swiss Bank Denies Claims It Helped Americans Evade Billions In Taxes

Reuters | Posted 05.24.2012

Read More: Offshore Bank Accounts, Swiss Courts, Video, Switzerland, Reuters, Swiss Banks, Tax Evasion, Tax Fraud, Judge Jed Rakoff, Wegelin, Business News

NEW YORK, May 23 (Reuters) - Wegelin & Co, the oldest Swiss private bank, is digging in its heels against a U.S. criminal charge that it conspir...

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Facebook Co-Founder May Have Sidestepped Taxes By Dropping U.S. Citizenship

The Huffington Post | Jillian Berman | Posted 05.11.2012

Read More: Super Rich, Eduardo Saverin, Facebook IPO 2012, Video, Facebook Public Offering, Facebook Ipo Filing, Facebook IPO, Eduardo Saverin u.s. Citizenship, Business News, U.S. Citizenship, Tax Evasion, Business News

One of Facebook's billionaire co-founders may have found a way to sidestep taxes on the money he’ll get when the social network goes public later th...

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Global Crackdown Doing Little To Deter Tax Evaders

Posted 05.07.2012

Read More: Swiss Banking, Video, Global-Tax-Evasion, Swiss Bank Accounts, Swiss Banks Secrecy, Business News, Global Tax Evaders, Tax Evasion, g20 Tax Evasion Crackdown, Business News

Despite efforts to crack down on international tax evasion, the practice is still rampant around the world. Bank accounts in tax havens held $2.7 ...

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IRS Rule Could Threaten Some Banks' 'Viability'

Reuters | Posted 04.18.2012

Read More: Offshore Bank Accounts, Treasury Department, Video, Miami Herald, Irs, Guggenheim Partners, Internal Revenue Service, Reuters, US Banks, US Congress, Tax Evasion, Legislation, Non-U.S. Depositors, Business News

April 17 (Reuters) - Banks in Texas, Florida and other southern states could face a pull-out of non-U.S. depositors due to a new U.S. rule finalized...

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PHOTOS: Chicago's Most Notorious Tax Fraudsters

Posted 04.17.2012

Read More: Chicago Tax Fraud, Al Capone Tax Fraud, Chicago History, Video, Chicago Corruption, Tax Day, Tax Day 2012, Chicago Tax Day, Chicago Tax Evasion, Tax Evasion, Slidepollajax, Tax Fraud, George Ryan, Al Capone, Chicago News

Considering Chicago's reputation as home to the nation's largest concentration of corrupt elected officials, it is not terribly surprising that the Se...

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Tax Dodging Jeopardizes Society at Home and Abroad

Heather A. Lowe | Posted 04.16.2012

Read More: Tax Day, Corporate Tax Evasion, Apple Tax Evasion, Corporate Tax Loopholes, Tax Evasion, Corporate Taxes, Tax Dodging, International Tax Havens, Tax Havens, Politics News
Heather A. Lowe

American corporations make use of offshore tax havens and creative accounting techniques to legally avoid paying taxes in the United States, while still racking up record profits. The seriousness of the problem cannot be overstated.

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7 Craziest Ways People (Legally) Avoid Taxes

Cracked.com | Posted 04.16.2012

Read More: Weird UK, Boob Job Tax Deduction, Crazy Tax Deductions, Avoiding Taxes, Animals in the News, Tax Evasion, Legally Avoid Taxes, Weird Tax Deductions, Jan Van Dusen, Get Out of Taxes, Crazy Ways Avoid Taxes, Weird News News

The truth is, there are a huge range of things you're allowed to write off from your taxes if you can make some kind of argument. And some of them...

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U.S. Lost $1 Billion To Banks In Last 10 Years Thanks To Tax Shelter

Posted 04.16.2012

Read More: Video, Irs, Bank of New York Mellon, Internal Revenue Service, Bank of New York Irs, Business News, Delaware, Propublica, Tax Evasion, Tax Shelters, Big Banks, Tax Revenue, Business News

By Megan Murphy and Vanessa Houlder, Financial Times and Jeff Gerth, ProPublica In November 2001, Bank of New York, a mid-tier U.S. bank, transfe...

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Millionaires Can Rest Easy, Buffett Rule Still Has Loopholes To Exploit

The Huffington Post | Khadeeja Safdar | Posted 04.16.2012

Read More: Richest People, Bloomberg, Income Tax, Municipal-Bonds, Millionaires, Mitt Romney, Obama Administration, Warren Buffett, Obama, Whitney Tilson, Tax Evasion, Buffett Rule, Business News

President Obama's so-called Buffett Rule is supposed to make certain that top-earning Americans don't pay taxes at lower rates than their assistants. ...

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Judge Rules Billionaire Can't Blame Bank For His Own Tax Evasion

Reuters | Posted 04.11.2012

Read More: Fraud, Ubs, Video, Judge Andrew Guilford, Internal Revenue Service, Swiss Bank Accounts, Reuters, Swiss Banks, Property Developer, Tax Dodging, Tax Evasion, Forbes, Offshore Accounts, U.S. Justice Department, Business News

* Judge dismisses case a month before trial * Former client tried to blame Swiss bank By Lynnley Browning ...

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The Tax Man Is Looking More Closely At Multimillionaires

Reuters | Posted 05.22.2012

Read More: Taxes, US Tax Officials, Video, Irs, Tax Service, Internal Revenue Service, Reuters, Swiss Bank Accounts, Tax Evasion, Taxpayers, UBS AG, Income, Business News

WASHINGTON, March 22 (Reuters) - U.S. tax officials are putting a closer microscope on the tax filings of multimillionaires, with the audit rate for...

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Ex-Bank Executive Sues After Not Receiving Whistleblower Reward

The Huffington Post | Alexander Eichler | Posted 03.12.2012

Read More: Taxes, Federal Bureau of Investigation, Video, Whistleblowers, Irs, Tax, Internal Revenue Service, Tax Dodgers, IRS Whistleblowers, Joseph Insinga, Fbi, Sec, Tax Evasion, Securities and Exchange Commission, Rabobank, Business News

Getting the IRS to give you money might not be the easiest thing in the world. But that's what Joseph Insinga is trying to do. Insinga, formerly an...

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Luxury 'Non-Profit' Hotel Costing City Millions With Bogus Church Status

Posted 03.07.2012

Read More: New York Hotels, The Chatwal, Times Square, Tax Evasion, NY Crime, Ny News, Video, New York News

A luxury hotel has been evading millions of dollars in unpaid taxes by clinging onto the building's former church status. The Chatwal, located on ...

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Day 1: Bruce Begins Serving 180-Day Sentence For Tax Evasion

Posted 02.17.2012

Read More: Video, Doug Bruce, Denver News, Active Citizens Together, TABOR Author, Doug Bruce Trial, Taxpayer's Bill of Rights, Tabor, Tax Evasion, Economic Probation, Denver News

Colorado's notorious anti-tax advocate Douglas Bruce reported to jail this morning to begin serving his 180-day sentence for tax evasion. Bruce was be...

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How To Stash Cash In An Offshore Bank Account

AP | CONNIE CASS | Posted 04.14.2012

Read More: Taxes, Offshore Bank Accounts, James Bond, Video, Irs, LGT Bank, Internal Revenue Service, Cayman Islands, Swiss Banks, Mitt Romney, Jason Bourne, Tax Evasion, UBS AG, Business News

WASHINGTON — Movie super spies James Bond and Jason Bourne use them. So do real-life presidential candidate Mitt Romney, who says he pays his ta...

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U.S. Calls Big Swiss Bank A 'Fugitive'

AP | By DAVID B. CARUSO | Posted 02.11.2012

Read More: Video, Switzerland, Switzerland Banks, Swiss Banks, Swiss Banks Secrecy, Wegelin & Co., United States, Department of Justice, Tax Evasion, Justice Department, Swiss Tax Evasion, Wegelin, Business News

NEW YORK -- The U.S. Justice Department called Switzerland's largest private bank a fugitive from justice on Friday after it didn't send any represent...

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U.S. Joining Some European Nations To Crack Down On Tax Evasion

AP | By MARTIN CRUTSINGER | Posted 02.08.2012

Read More: Business News, Global Tax Evasion, Swiss Bank Tax Evasion, Video, u.s. Tax Evasion, Tax-Evadors, Tax Evasion, u.s. Europe Tax Evasion, Business News

WASHINGTON -- The United States and five European nations are pledging to crack down on global tax evaders. The Treasury Department said Wednesday th...

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Swiss Bankers Anxious After Bank Indicted Over Tax Evasion

Reuters | Posted 04.05.2012

Read More: Swiss Banking, Swiss Bank Tax Evasion, Video, Swiss-Bankers, Swiss Bank Accounts, Swiss Banks, Reuters, Business News, Swiss Banks Secrecy, Tax Evasion, Wegelin Indictment, Wegelin, Business News

By Katharina Bart ZURICH, Feb 3 (Reuters) - The first indictment of a Swiss private bank over hiding untaxed money for wealthy Americ...

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Swiss Bank Charged By U.S. For Helping Americans Evade Taxes

AP | Posted 02.03.2012

Read More: St. Gallen, Taxes, Wegelin & Co., Video, Tax Evasion, Tax Fraud, Raiffeisen Group, Internal Revenue Service, U.S. Justice Department, Business News

WASHINGTON -- The U.S. Justice Department says it has indicted Switzerland's oldest private bank, claiming it conspired with Americans and others to h...

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Debt-Ridden Greece Targets Tax Evaders In Aim To Recoup Funds

AP | By NICHOLAS PAPHITIS | Posted 01.23.2012

Read More: Taxes, Video, European Commission, Greece, Greece Debt Crisis, Associated Press, Tax Evasion, Bankrupt, Finance Ministry, Business News

ATHENS, Greece -- Debt-crippled Greece has named some 4,000 alleged tax dodgers, including a former media magnate and a prominent entertainer, with th...

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A Message to Millennials: We Are the Children of Dr. King's Dream

Heather McGhee | Posted 03.18.2012

Read More: Economic Justice, Economic Policy, Martin Luther King, Jobs, Millennials, Inequality, March on Washington, Occupy Wall Street, Tax Evasion, Trickle Down, MLK Day, Politics News
Heather McGhee

How is it that life has gotten harder financially for the vast majority of Americans over the past forty years, yet we have had so few public solutions?

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Finally, Ai Weiwei May Catch A Break!

AP | Posted 03.09.2012

Read More: Sunflower Seeds, Twitter, Ai Weiwei Tax, Chinese Government, Ai Weiwei China, Tax Evasion, Ai Weiwei, Censorship, Arts News

BEIJING — Outspoken Chinese artist Ai Weiwei said Friday that Beijing tax authorities have agreed to review their ruling that he pay a multimill...

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IRS: U.S. Taxpayers Underpaid Agency By Hundreds Of Billions

AP | ALAN FRAM | Posted 03.07.2012

Read More: Video, Irs, Taxes Owed, Internal Revenue Service, Discrepancy-Between-Taxes-Owed-and-Taxes-Due, Business News, Tax Evasion, Underpaid Taxes, Tax News, Business News

WASHINGTON — People and businesses underpaid their taxes by an estimated 17 percent in the most recent year studied, failing to send the governm...

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Case Reveals Potential Tax Evasion Links At Swiss Banks

Reuters | Posted 03.06.2012

Read More: Wolfsberg Group, Video, Switzerland, Irs, Credit Suisse, Internal Revenue Service, Reuters, Swiss Banks, Conspiracy, Wegelin, Basler Kantonalbank, Tax Evasion, Justice Department, Offshore, UBS AG, Senate Permanent Subcommittee on Investigations, Business News

* Indictment of 3 Wegelin bankers highlights ties * Inter-bank links key to U.S. tax evasion crackdown * Authorities eye...

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Swiss Bankers Charged With Hiding U.S. Taxpayer Accounts From The IRS

Posted 01.03.2012

Read More: Business News, Swiss Banks Secrecy, Video, Tax Evasion, Ubs Tax Evasion Investigation, Swiss-Bankers, Swiss Banks, Swiss Bank Accounts, Business News

Three Swiss bankers were charged Tuesday with hiding more than $1.2 billion in U.S. taxpayer accounts from the IRS, by Preet Bharar, the Manhattan U.S...

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