There are two main ways multinationals shift profits out of the countries where they actually do business and into tax-haven holding companies.
Confrontation -- to oppose, attack, resist, undermine. To Confront -- to engage straight-forwardly and authentically. In America, perhaps in the wo...
Whether you're procrastinating filing your returns because you think you'll owe money or caregiving duties haven't left you time to meet with your accountant, consider yourself lucky just this once! That means there's still time for you to claim caregiving expenses on your 2012 tax returns.
The U.S. health care system is about to collide with the U.S. tax system, so it's no surprise Americans are wondering what that will mean for their health care, their taxes, and most important, for themselves and their families.
For 10 years, the United States has been fighting very real and very expensive wars in Afghanistan and Iraq. But we have never levied a dime in special taxes to pay for either of these conflicts, let alone the also-expensive war at home (in the form of homeland security).
Believe it or not, there actually may be a penalty in some cases for getting married and filing jointly with your spouse.
Want to cut something like $850 billion from the next 10 years of budgeting? End the War. There's a novel budget-cutting idea, eh, folks? The Drug War has now cost us roughly the same amount as the Iraq War, to put it in context -- $2 trillion each.
Even for tax filers who file in those last few days, April 1-15, those tax returns may be impacted by IRS layoffs due to sequestration as they would likely be processed after April 15. Don't take chances with your tax return. File your taxes now. Get it done. Get that big refund, and go enjoy it.
For an aging person, the move to a skilled nursing facility is a costly one. Nationwide, the average annual cost of a semi-private room in a skilled nursing facility (nursing home) in 2011 was $78,110. And the cost is clearly rising.
If you are like most taxpayers, then your stress level creeps higher as tax day approaches. The biggest reason for the stress is that many adults are clueless about where they stand financially.
Multinational corporations are aggressively pursuing a stealthy campaign to eliminate taxes on their "foreign" profits. Of course, such a policy is contrary to the Obama administration's objective to create jobs and will hurt domestic companies that have to pay taxes on their profits.
Both parties agree that we suffer from mass unemployment, declining wages, and growing inequality. Both agree that rising future deficits should be addressed. But they offer completely different responses to these realities. The question, of course, is where Congress lines up.
With the economy showing signs of recovery, it's high time that our federal lawmakers move beyond these self-induced crises and begin to talk about tax reform that can help taxpayers move forward with a clear understanding of how the tax code works and how much they owe.
Go offshore, young man, and avoid paying taxes. Plunder at will in those foreign lands, and if you get in trouble, Uncle Sam will come rushing to your assistance, diplomatically, financially and militarily, even if you have managed to avoid paying for those government services.
Lockheed Martin would seem to be an unlikely recipient of a lavish government handout, at least on the basis of need. Indeed, it is one of the world's largest business enterprises, with sales that reached $47 billion in 2012.
Tax season can be a stressful time for anyone, but it is extremely painstaking for the small business community who must navigate through a complex, ever changing tax code.