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Tax Evasion

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 09.23.2014 | 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 08.27.2014 | 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 08.25.2014 | 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 08.04.2014 | 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.

Apple Under Investigation For Alleged Tax Fraud

Reuters | Posted 01.23.2014 | Business

MILAN, Nov 13 (Reuters) - U.S. tech giant Apple is under investigation in Milan for allegedly hiding more than 1 billion euros ($1.34 billion) from ...

Bringing International Tax Rules Into the 21st Century

Pascal Saint-Amans | Posted 01.23.2014 | World
Pascal Saint-Amans

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. To regain the confidence and trust of our citizens, there is a pressing need for action.

DOJ Reaches Deal To Crack Down On Tax Cheats

Reuters | Posted 10.29.2013 | Business

* Applies to banks not yet under U.S. investigation * Banks to pay penalties, disclose information * Swiss bankers' body...

Sandra Jackson Will Serve Less Time Than Husband Jesse Jackson Jr.

AP | Posted 10.14.2013 | Black Voices

WASHINGTON — The wife of former Illinois congressman Jesse Jackson Jr. has been sentenced to one year in prison for filing false joint federal i...

Yet Another Italian Scandal ...

The Huffington Post | Michelle Persad | Posted 07.22.2013 | Style

In the past couple of months the Italian tax police have been really cracking down, and it seems as though the fashion industry keeps getting hit. ...

Dead Russian Lawyer Found Guilty Of Tax Evasion

AP | JIM HEINTZ | Posted 07.11.2013 | World

MOSCOW -- More than three years after he died in prison, whistle-blowing Russian lawyer Sergei Magnitsky was found guilty of tax evasion by a Moscow c...