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Tax Evasion

Taxes and Your Wallet

Mike Smith | Posted 04.17.2015 | Money
Mike Smith

Taxes and Your Wallet

Taxpayers and Criminals

Christopher Brauchli | Posted 04.17.2015 | Politics
Christopher Brauchli

In a time when Republicans believe the country is in financial distress, the logical thing to do is to provide more money to enable the IRS to collect from the intransigent. That, however, is not how Republicans work.

Meet the New HSBC ...

Andrew Perez | Posted 04.01.2015 | Politics
Andrew Perez

In her confirmation hearing this week to become the next U.S. attorney general, Loretta Lynch said that "no individual is too big to jail" and "no one is above the law." But, at least in one recent case in which Lynch was a key player, this may not be accurate.

Credit Suisse: Big Crimes Become Big Business

Ralph Nader | Posted 03.18.2015 | Politics
Ralph Nader

These elaborate illegal acts over many years show a deliberate willingness by Credit Suisse AG officials to knowingly engage in profitable activities that defrauded the U.S. Treasury and burdened honest taxpayers. But the Credit Suisse story does not end there.

The Eight Ugly Scars of Runaway Inequality

Les Leopold | Posted 03.07.2015 | Politics
Les Leopold

America is the richest country in all of history. We have the largest economy and the largest number of millionaires and billionaires. At the same time, however, we lead the developed world in economic inequality.

GOP Congressman To Plead Guilty To Tax Evasion: Report

The Huffington Post | Samantha Lachman | Posted 12.22.2014 | Politics

Rep. Michael Grimm (R-N.Y.) will plead guilty Tuesday to a felony charge of cheating on his taxes at a Manhattan restaurant he co-owned before he was ...

Freedom From Religion Foundation Urges IRS to investigate Ark Encounter

Dan Arel | Posted 01.24.2015 | Religion
Dan Arel

The Freedom From Religion Foundation has sent a letter to the IRS urging them to investigate Ken Ham's Ark Encounter. The letter alleges that Ham has continuously attempted to run a for-profit business behind his non-profit in order to benefit from as many tax breaks and discriminatory practices as possible.

FATCA: Are Transnational Criminal Networks Influencing US Policy?

Natasha Srdoc | Posted 01.18.2015 | Business
Natasha Srdoc

There is a fundamental difference between the privacy of banking accounts and hiding beneficial ownership in order to commit crimes. The benefits of tracking organized crime, terrorism financing and tax evasion far outweigh the risks to privacy and secrecy of accounts, which is already adequately protected by rule of law nations.

Leaked Docs Expose More Than 340 Companies' Tax Schemes In Luxembourg

ICIJ | Leslie Wayne, Kelly Carr, Marina Walker Guevara, Mar Cabra and Michael Hudson | Posted 11.05.2014 | Business

Landlocked European duchy a “magical fairyland” for brand-name corporations seeking to make tax bills disappear

Getting Real About Extreme Inequality

Paul O'Brien | Posted 01.05.2015 | Impact
Paul O'Brien

We want to build a global conversation around ending extreme inequality, and folks are already engaging. Here are some good questions I've heard since our launch, and my take.

On Election Day, Let's Remember Tax Evasion by Our Country's Rich

Vicky Ward | Posted 01.04.2015 | Politics
Vicky Ward

The theme is legal tax-evasion -- by this country's very rich -- enabled and encouraged by both sides of the political aisle on Capitol Hill.

Obama Scores Big Win Against Tax-Dodging Deals

Reuters | Ben Hirschler | Posted 10.16.2014 | Business

LONDON, Oct 16 (Reuters) - U.S. drugmaker AbbVie has pulled the plug on its plan to buy Dublin-based Shire , recommending shareholders vote against th...

Tax Perversion

Jonathan Russo | Posted 12.07.2014 | Business
Jonathan Russo

Corporations in the U.S. do not view themselves as having a skin in the American game. They are not citizens of America; they are supra-citizens of the world who owe allegiance not to the stars and stripes but to whatever color flag their shareholders and executives wish to fly.

Apple Faces Damning Charges

AP | By JUERGEN BAETZ | Posted 11.30.2014 | Business

BRUSSELS (AP) — Apple risks having to repay Ireland tax rebates worth billions of dollars after the European Union's competition watchdog said Tuesd...

The World's Leaders Are Failing To Curb Corruption. Here's Why

Frank Vogl | Posted 11.21.2014 | Crime
Frank Vogl

Rogue current and former dictators and global bribe-paying giant corporations are enjoying levels of impunity, which only encourage international corruption and money laundering. The G20 needs to use this event to forcefully declare "NO IMPUNITY."

Over $30 Billion In Dirty Money Leaves Brazil Each Year: Study

Reuters | Stella Dawson | Posted 09.07.2014 | World

By Stella Dawson WASHINGTON, Sept 7 (Thomson Reuters Foundation) - Over $30 billion in dirty money linked to crime, corruption and tax evasion is f...

Expatriate Tax Sense or Broad-Brush Overreach: The U.S. Foreign Account Tax Compliance Act (FATCA)

Wendy N. Powell | Posted 10.27.2014 | Politics
Wendy N. Powell

In an attempt to close a gap that foreign investors could use for tax avoidance in the proverbial Swiss bank, we now have a worldwide system of taxation enforcement trailing to the IRS.

Inside America's Shadiest Corporate Scam

www.rollingstone.com | Posted 08.27.2014 | Politics

Some of America's top corporations are parking profits overseas and ducking hundreds of billions in taxes. And how's Congress responding? It's rewardi...

Boycott Burger King

John R. Talbott | Posted 10.25.2014 | Business
John R. Talbott

Why should we boycott Burger King just because they are avoiding their US tax responsibilities? Because if they don't pay their fair share of US taxes, someone else has to, and that someone is you.

Taxes

Lt. Gen. Clarence E. McKnight Jr. | Posted 10.04.2014 | Politics
Lt. Gen. Clarence E. McKnight Jr.

When word gets out that Congress is defunding the IRS, reducing the already minimal chances of an audit, it is a safe bet that tax evasion will accelerate.

Sick of Corporate Tax Defections

Susan E. Harley | Posted 09.24.2014 | Politics
Susan E. Harley

This week the U.S. Senate Committee on Finance held a hearing entitled "The U.S. Tax Code: Love It, Leave It, or Reform It!" where the focus was on th...

Finally, Signs of Momentum on Corporate Inversions

Chuck Marr | Posted 09.16.2014 | Politics
Chuck Marr

Policymakers should approve legislation that strengthens the bipartisan response from a decade ago -- and soon. Waiting for corporate or international tax reform will only invite more tax avoidance-driven corporate exits.

Inverted 'Patriotism'

Lisa Gilbert | Posted 09.06.2014 | Politics
Lisa Gilbert

Inversions occur when U.S. companies buy out usually smaller, foreign corporations and reincorporate in another country to avoid U.S. corporate taxes. For example, Walgreens, the uber-American drugstore with deep roots in Illinois, has begun the process of merging with a Swiss company.

What's in Your Mailbox? Tips on What to Do When Uncle Sam Comes Knocking

Steve Mariotti | Posted 08.25.2014 | Money
Steve Mariotti

Every year, one in 10 of us receives the dreaded letter. You know the one -- and you probably don't want to open it: the IRS requesting more information about your finances.

Pressure Mounts On Credit Suisse CEO To Quit

Reuters | Posted 07.18.2014 | Business

ZURICH, May 18 (Reuters) - Credit Suisse Chief Executive Brady Dougan came under further pressure to resign on Sunday, with a key figure in Switzerl...