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Tax Evasion

FATCA: Are Transnational Criminal Networks Influencing US Policy?

Natasha Srdoc | Posted 11.19.2014 | 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 11.05.2014 | 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 11.04.2014 | 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 10.08.2014 | 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 09.30.2014 | 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...

Report: Big Bank Expected To Plead Guilty To End Tax-Evasion Probe

Reuters | Posted 05.15.2014 | Business

(Reuters) - Credit Suisse Group AG is expected to plead guilty and pay nearly $2.5 billion to U.S. authorities to end a probe of potential tax evasion...

Beanie Babies Creator May Serve Jail Time After All

AP | MICHAEL TARM | Posted 02.13.2014 | Business

CHICAGO (AP) — The U.S. attorney's office in Chicago said Thursday that it's appealing a sentence that included no prison time for the billionaire c...

A Plan for Tackling Inequality: What's Needed Now

Winnie Byanyima | Posted 04.13.2014 | Business
Winnie Byanyima

Each nation and region has its own circumstances, and there is no one-size-fits-all solution. But we know that in countries which have successfully reduced inequality, progressive taxation has been an important tool, enabling governments to invest in good quality health care and education for their poorest citizens.

This Tiny House in Wyoming Is Home to Thousands of Shell Companies

Roadtrippers | Posted 03.29.2014 | Weird News
Roadtrippers

2014-01-27-ScreenShot20140127at10.32.51AM.pngReporters are calling this house "the Cayman Islands on the Great Plains," a small home in the suburbs of Cheyenne that holds a pretty wild secret.

Billionaire Beanie Babies Creator Won't Go To Prison

AP | MICHAEL TARM | Posted 03.16.2014 | Business

CHICAGO (AP) — The billionaire businessman behind Beanie Babies was sentenced Tuesday to two years of probation, but no prison time, for not paying ...

Billionaire Beanie Should Get Mercy

Adam Resnick | Posted 03.15.2014 | Business
Adam Resnick

On the surface, Warner may not strike people as the most sympathetic non-violent criminal. After all, he is a billionaire, but he still committed a crime of greed according to prosecutors. On the other hand, he has no criminal record, has paid nearly a billion dollars in taxes throughout his lifetime, is philanthropic, and is not a threat to society.

Bringing International Tax Rules Into the 21st Century

OECD | Posted 03.04.2014 | Business
OECD

It's a watershed moment for international tax policy. The debate over tax evasion by the wealthy and tax avoidance by multinational corporations has never before grabbed so many headlines or caused so much anger.