A concern about protecting retirees who rely on out-of-state bonds makes sense. But using that argument to protect a tax shelter for multi-millionaires does not.
International Consortium of Investigative Journalists British Virgin Islands firm kept doing business with shady characters even as regulators prod...
Worried about the federal deficit? Then you're worried about foreign tax havens, the use of which is costing the U.S. $150 billion per year in the for...
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.
WASHINGTON -- Carl Levin will be remembered as the powerful chairman of the Senate Armed Services Committee, a Michigan man who fiercely championed th...
At this point in our history, I am certain the country would be listed in realtor's terms as a "fixer-upper" or a "handyman special." This country might not have a long history compared with others around the world, but it has a strong one.
WASHINGTON -- Mitt Romney sought and received $787,455 in foreign tax credits from the U.S. Treasury to cover his tax payments to other nations in 200...
Is that Mitt's fault or Congress's fault? If I had Mitt's money, I would be looking for every tax advantage that Congress has to offer. If I were a financial adviser to Mitt Romney, I would be helping him find those tax advantages. Just like any other good adviser would do.
"This Mitt Romney reminds me of some of our African politicians. They have no plan -- other than to grab and hold onto power and hide their money."
WASHINGTON -- Mitt Romney accumulated more than $25 million in foreign income between 2005 and 2010, while he was governor of Massachusetts and a pres...
All those official government stats on the maldistribution of wealth in the United States -- and the world -- vastly understate the actual extent of our contemporary inequality, says a landmark new study on global tax havens.
On Tuesday, after Mitt Romney said he had "no idea where" his offshore investments were, Lindsey Graham (R-S.C.) came to his aid, saying "it's really ...
WASHINGTON -- Democrats repeatedly attacked Mitt Romney for his secretive offshore financial arrangements on Sunday, on the heels of a major Vanity Fa...
That's more than the gross domestic product of Saudi Arabia, the world's richest oil economy, not to mention a bunch of other countries. And Apple paid a lower federal income tax rate last year than the average California schoolteacher.
By Megan Murphy and Vanessa Houlder, Financial Times and Jeff Gerth, ProPublica In November 2001, Bank of New York, a mid-tier U.S. bank, transfe...
When big corporations use offshore tax havens, small businesses pay the price -- literally. If they were to cover the cost of corporate abuse of tax h...
To the ongoing Capitol Hill choruses of "tax the rich" and "tax the poor," Sen. Carl Levin (D-Mich.) offered a third option on Tuesday: "Tax the cheat...
WASHINGTON -- As Congress grinds closer to shutting down the federal government and the White House floats proposals to cut social services for workin...
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...
Tyler Hurst swiped his debit card at a Walgreens pharmacy in central Phoenix and kicked off an international odyssey of corporate tax avoidance. Hurs...
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...
WASHINGTON -- A new Internal Revenue Service enforcement unit targeting the very wealthy will help the tax agency decode partnerships, offshore trusts...
Grove manages about $2 billion in total assets for wealthy families. He's seen it all inside his investment bank. He'll be joining Acrimoney for a new guest series: What Would Grove Do?
UBS, the Swiss bank under a growing federal investigation for tax fraud, has forced out the executive formerly in charge of secret offshore accounts f...
by Jennifer LaFleur, ProPublica The IRS allows tax preparers who have been penalized or sentenced in a criminal proceeding for tax shelter violation...
