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Tax Evasion

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...

Method Man Pleads Guilty To NYC Tax-Evasion

AP | COLLEEN LONG | Posted 05.25.2011 | New York

NEW YORK — Hip-hop star Method Man pleaded guilty to a tax-evasion charge Monday, writing a check on the spot for the final $40,000 restitution ...

Switzerland Approves Deal With U.S. To Help Catch Tax Cheats

AP | ELIANE ENGELER | Posted 05.25.2011 | Business

GENEVA — The Swiss parliament on Tuesday approved a treaty with the United States that will hand thousands of files on suspected tax cheats to U...

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.

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.

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.

UBS: Swiss Banking Industry

AP | FRANK JORDANS | Posted 05.25.2011 | Business

GENEVA — Embattled UBS AG has warned that Switzerland's financial industry is at risk unless lawmakers approve a tax treaty with the U.S., and t...

Elmar Schulte: German Tax Cheat To Get $10 Million In Damages From

AP | AP | Posted 05.25.2011 | Business

...

UBS-IRS Deal: Court Ruling Forces Swiss To Rethink Deal To Reveal Names

AP | FRANK JORDANS | Posted 05.25.2011 | Business

GENEVA — The Swiss government said Wednesday it may have to renegotiate a carefully wrought deal with the United States to hand over thousands o...

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.

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...

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...

Mets Legend Jerry Koosman Strikes Out, Gets 6 Months For Tax Evasion

AP | TODD RICHMOND | Posted 05.25.2011 | New York

MADISON, Wis. — A federal judge on Thursday sentenced former major league pitcher Jerry Koosman to six months in prison for not paying his taxes...

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.

United States of America vs. UBS: A Step Too Far?

Georges Ugeux | Posted 05.25.2011 | Politics
Georges Ugeux

There is no winner when fundamental rule of law and customer loyalty are not respected. This will have major ramifications outside of Switzerland and the United States.

UBS Deals Cause Switzerland To Back Down on Bank Secrecy

Marilyn Barrett | Posted 05.25.2011 | Business
Marilyn Barrett

While we Americans are rightfully angry with our banks, the Swiss must be furious with UBS for the havoc it has wrecked on their famous banking industry, which relied on secrecy for much of its success.

150 U.S.-Based UBS Clients To Be Charged With Tax Evasion

Reuters | Tom Brown | Posted 05.25.2011 | Business

MIAMI (Reuters) - The United States is building criminal cases against more than 150 American clients of Swiss bank UBS as part of a crackdown on tax ...

Tax Fraud, Tax Havens, UBS and Bears ... Oh My!

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

The US government has come to an agreement with UBS regarding a long-running tax fraud investigation. This has been a fascinating case to watch for several reasons that I will explain.

Xu Zhiyong and What His Detention Means for Rule of Law in China

Elizabeth Lynch | Posted 05.25.2011 | World
Elizabeth Lynch

The Chinese Communist Party is unified by one principle: to remain in power. Any organized effort, even if within the confines of the law, will be viewed as a threat to the CCP's authority.

The Republican Summer Olympics of 2009

Gary Cohan | Posted 05.25.2011 | Politics
Gary Cohan

Republicans' private embraces are often in complete contradistinction with their own oft-trumpeted, Biblically-mandated "moral" guidelines for the rest of us.

UBS or Just Plain BS?

Russ Baker | Posted 05.25.2011 | Business
Russ Baker

The Justice Department has just floated a trial balloon to see if it can force the Swiss Bank UBS to disclose the names of 52,000 rich Americans suspected of using the bank to evade US taxes.

Tax Day (Dis)Honor Roll: Illinois' Most Notorious Tax Cheating Politicians

Ben Strauss | Posted 05.25.2011 | Chicago
Ben Strauss

Among the damning evidence against Troutman was a recording of her saying, "Most aldermen, most politicians are ho's."