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Tax Evasion

Blow, Bling and Bucks: IMF Work Against Money Laundering and Terrorist Financing

Jody Myers | Posted 08.28.2011 | Business
Jody Myers

Drug traffickers, diamond smugglers, and terrorists' financiers around the world have one thing in common: they abuse the financial system to "clean" the proceeds they have obtained from their illegal work, or to transfer funds to achieve their destructive aims.

Regulations For Untaxed Swiss Bank Accounts In The Works

Posted 08.10.2011 | Business

ZURICH (Catherine Bosley) - Swiss and U.S. authorities have held informal exploratory talks that touched on regularizing untaxed money held by wealthy...

Foundations, Insiders and IPOs: Back Door Influence and Abuse

Vivian Norris | Posted 07.06.2011 | Business
Vivian Norris

The wasteful, immoral use of "nonprofit" foundations as ways to funnel monies, evade taxes and influence politics not just at home but abroad, needs to be investigated.

Simon McCormack

Policing Tax Evasion Could Save Billions, But Republicans Won't Fund Enforcement

HuffingtonPost.com | Simon McCormack | Posted 06.28.2011 | Politics

House Speaker John Boehner (R-Ohio) admitted on Monday that the federal government is in serious need of extra revenue. But since taking control of th...

Pakistan's Trangender Tax Collectors Tackle Debtors

Posted 06.20.2011 | World

Pakistan is going to great lengths in tackling tax evasion this season, and now, Karachi officials are employing a team of transgender collectors to v...

Your Broker Can Eliminate Your Tax Liability

Dan Solin | Posted 06.12.2011 | Business
Dan Solin

It's tax time, so I thought I would blog about a little known benefit of using major brokerage firms.

11 Ways America's Richest Taxpayers Avoid Taxes

Businessweek | Jesse Drucker | Posted 06.08.2011 | Business

For the well-off, this could be the best tax day since the early 1930s: Top tax rates on ordinary income, dividends, estates, and gifts will remain at...

Making the Case Against Mortgage Banksters, Part One: Legalities

Nicholas Carroll | Posted 05.25.2011 | Business
Nicholas Carroll

Federal prosecutors have trotted out reasons why they aren't prosecuting mortgage banksters. No lawyer I've spoken to agrees. Nor do I. This is an analysis of why the criminal cases can be made.

Jack Wharton Thomas, Black Forest 'Tax Protester,' Convicted Of Tax Evasion

The Denver Post | Howard Pankratz | Posted 05.25.2011 | Denver

A Black Forest man described by authorities as a "tax protester" has been convicted of failing to pay more than $60,000 in taxes, penalties and intere...

Tax Code Crackdown Leads to Rescue of 120 Puppy Mill Dogs

Wayne Pacelle | Posted 05.25.2011 | Green
Wayne Pacelle

Just last week, we came to the aid of more than 120 puppy mill dogs in Indiana. 2010-12-07-Screenshot20101207at10.32.40AM.png

The Rut in India's Economic Highway

Raymond Baker | Posted 05.25.2011 | World
Raymond Baker

As the Indian economy has improved, the amount of illicit money shifted to offshore financial centers has increased as well.

Corporate Tax Evasion Strategy WIll Irk Middle Class

Francine Hardaway | Posted 05.25.2011 | Politics
Francine Hardaway

The "other half" does not have to live under the Rule of Law: rather, it makes the law. Many use the "double Irish" strategy to cut taxes. The rest of us shoulder the burden of the service cuts.

Swiss Banker's Reaction to U.S. Treasury Hiding A.I.G. Loss

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Goldman Sachs and JP Morgan are being subsidized by the Federal Reserve. Why can't the Fed instead subsidize Americans who want a job? How stupid do they think the American taxpayer is?

America's Income Defense Industry

Jeffrey Winters | Posted 05.25.2011 | Politics
Jeffrey Winters

Thanks to the Income Defense Industry, the U.S. tax system is a boondoggle for a tiny group at the top. And that's even before factoring in the regressive impact of sales taxes, state incomes taxes, and especially social security and Medicare.

Google's Tax Avoidance: So Much for "Don't Be Evil"

David Callahan | Posted 05.25.2011 | Business
David Callahan

Over the years, there have been a dribble of stories about how Google tries to avoid paying taxes on foreign profits. In 2007, Google was investigated...

The Money Season

James Campion | Posted 05.25.2011 | Politics
James Campion

This country has always been schizophrenic when it comes to the rich; We worship them, dream of becoming them, but despise them to the point of wanting to siphon their funds to lighten our tax burden.

Al Capone Wasn't Brought Down By Eliot Ness, It Was The IRS: Author Jonathan Eig On Jon Stewart (VIDEO)

Posted 05.25.2011 | Books

Jonathan Eig, author of the new book "Get Capone," was on "The Daily Show" last night to talk about the true story of Al Capone, which has gotten lost...

The Top 7 Corporate Tax Evaders

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

Want to hear something worth having a tea party about? Some of the largest US corporations have mastered the art of evading taxes by booking expenses in the US and profits in low-tax countries.

Tax Day 2010: How The Income Tax Put Al Capone Behind Bars

Jonathan Eig | Posted 05.25.2011 | Books
Jonathan Eig

As this year's tax deadline approaches, let's skip the usual grumbling and look at the bright side: Income tax has helped the government put some of the country's most notorious criminals behind bars.

Closing Tax Loopholes for Billionaires

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Call me old fashioned but I just think it's wrong that a single hedge fund manager earns a billion dollars, when a billion dollars would pay the salaries of about 20,000 teachers.

Chamber Of Commerce Gets What It Wants On Tax Dodger Ban From Senate Committee

The Huffington Post | Arthur Delaney | Posted 05.25.2011 | Business

The U.S. Chamber of Commerce lobbied for the Senate Appropriations Committee to weaken a ban on government contracts with "inverted corporations," rep...

Hong Kong Is New Target of U.S. Crackdown On Global Tax Evasion

bloomberg.com | David Voreacos, Carlyn Kolker and Alan Katz | Posted 05.25.2011 | World

Hong Kong is a new target of U.S. prosecutors pursuing a global campaign against evaders of federal taxes, spurred by data acquired in their crackdown...

Obama's White House is for Sale Just like All the Others

Earl Ofari Hutchinson | Posted 05.25.2011 | Politics
Earl Ofari Hutchinson

Obama thundered he was the only candidate who didn't take a dime from Washington lobbyists. He hadn't taken a dime directly from them, but the favored few wealthy donors who don't have an L scribbled on their backside.

Acorn Loses Bank Of America As Corporate Partner

Wall Street Journal | JAMES R. HAGERTY | Posted 05.25.2011 | Politics

Already facing the loss of federal government funding, the community-organizing group Acorn also has run afoul of one of its big corporate partners, B...

Dirty Money Flees Swiss Banks for Singapore

Diane Francis | Posted 05.25.2011 | World
Diane Francis

UBS will hand over information on the accounts of 4,450 wealthy Americans, the bank has announed. But this should be just the beginning and the next big target should be Singapore.