Offshore tax evasion: U.S.-India plan on tracking

Date: April 16, 2016 By: The Hindu Offshore tax evasion: U.S.-India plan on tracking The two countries look forward to increasing cooperation in sharing of cross-border tax-info India and the U.S. have agreed to enhance collaboration on tackling offshore tax …

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IRS Corruption Fuels Billions in Fraudulent Payments to Illegal Aliens

Date: April 16, 2016 By: Tom Tancredo IRS Corruption Fuels Billions in Fraudulent Payments to Illegal Aliens I am sorry to report that the IRS practice described in this recent FORBES headline is not new. It’s an old story that …

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U.S. Treasury readies new tax rules as G20 vows to fight evasion

Date: April 16, 2016 By: David Lawder U.S. Treasury readies new tax rules as G20 vows to fight evasion The U.S. Treasury Department is finalizing new tax rules aimed at combating the use of shell companies to evade taxes, U.S. …

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Tax havens aren’t new

Date: April 17, 2016 By: Sanna Ahmed Tax havens aren’t new If tax is a duty owed to the state and the state chooses to forfeit a portion of this right, why is the tax avoider to blame and what …

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U.K. Plans Unlimited Fines for Helping Corporate Tax Evasion

Date: April 17, 2016 By: Robert Hutton U.K. Plans Unlimited Fines for Helping Corporate Tax Evasion Companies whose staff help people evade tax face being hit with unlimited fines under proposed U.K. rules. HM Revenue & Customs on Sunday published …

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George Osborne’s Got A Little List: Uncooperative Tax Havens To Be Blacklisted

Date: April 17, 2016 By: Tim Worstall George Osborne’s Got A Little List: Uncooperative Tax Havens To Be Blacklisted George Osborne has announced that there should be an internationally agreed list of uncooperative tax havens. This is in response to …

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12 Life Events That Change Your Taxes — For Better or Worse

Date: April 4, 2016 By: Janna Herron 12 Life Events That Change Your Taxes — For Better or Worse Wedding bells, funeral processions and baby notices all have their tax consequences. What happens in your life in a given year …

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Avoid Being Pushed Into Higher Tax Brackets In Retirement

Date: April 4, 2016 By: Phil DeMuth Avoid Being Pushed Into Higher Tax Brackets In Retirement My new book, The Overtaxed Investor – Slash Your Tax Bill & Be A Tax Alpha Dog, underscores the key tax challenge facing retirees: …

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Editorial: Inheritance Tax is Fundamental to Democracy

Date: April 5, 2016 By: Valley News Editorial: Inheritance Tax is Fundamental to Democracy In his classic Democracy in America, written in the mid-1830s, Alexis de Tocqueville perceptively observed that, “Once the legislator has regulated the law of inheritance among …

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IRS Changes Streamlined Filing Compliance Procedures for Non-Willfulness Certification Forms

Date: April 6, 2016 By: Daniel (Danny) J. Bell, Jonathan Lockhart, Andrew R. Roberson IRS Changes Streamlined Filing Compliance Procedures for Non-Willfulness Certification Forms The Internal Revenue Service (IRS) recently modified the non-willfulness certification form that individual taxpayers must submit …

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In fallout from offshore account investigation, Iceland official seeks to become next prime minister

Date: April 6, 2016 By: Frank Jordans And Ken Moritsugu In fallout from offshore account investigation, Iceland official seeks to become next prime minister REYKJAVIK, Iceland: Iceland’s fisheries and agriculture minister Sigurdur Ingi Johannsson said Wednesday he will seek the …

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EU threatens to sanction tax havens amid Panama Papers scandal

Date: April 7, 2016 By: Associated Press EU threatens to sanction tax havens amid Panama Papers scandal The European Union has threatened to sanction countries like Panama if they continue to refuse to cooperate fully to fight money laundering and …

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Politicians, Celebs in Spotlight Over Offshore Accounts

Date: April 6, 2016 By: Frank Jordans and Ken Moritsugu Politicians, Celebs in Spotlight Over Offshore Accounts The fallout from a massive leak of records on offshore accounts dragged a growing number of leaders and celebrities into the spotlight Wednesday, …

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Offshore Accounts Are for More Than Laundering Money

Date: April 7, 2016 By: Sarah Skidmore Sell, AP Business Writer Offshore Accounts Are for More Than Laundering Money Offshore accounts conjure images of bad behavior by the rich and shady, and for good reason: they have been used to …

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‘The new Switzerland’: US fights tax evasion abroad while being a tax haven at home

Date: April 7, 2016 By: Reuters ‘The new Switzerland’: US fights tax evasion abroad while being a tax haven at home Within days of the Panama Papers being leaked, Washington announced it was launching a crackdown on corruption abroad. However, …

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Have an offshore? Maybe you’re feeling indigestion

Date: April 6, 2016 By: Marisa Taylor and Kevin G. Hall Have an offshore? Maybe you’re feeling indigestion WASHINGTON The massive Panama Papers leak has put the American rich on notice. If you have an offshore, you’d better make sure …

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Obama Is Abusing His Authority to Try to Stop American Tax Inversions

Date: April 7, 2016 By: Curtis Dubay Obama Is Abusing His Authority to Try to Stop American Tax Inversions The U.S. tax system makes it extremely difficult for international businesses to compete in the global market. A prominent and recent …

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Tax filing? April 18. Tax freedom? Six days later

Date: April 7, 2016 By: Melanie Eversley Tax filing? April 18. Tax freedom? Six days later Six days after the tax filing deadline of April 18, Americans will be free – free of working to pay their share of the …

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Failure to Report Foreign Accounts is Illegal, IRS Warns

Date: April 7, 2016 By: Peter Hardy, Carolyn Kendall Failure to Report Foreign Accounts is Illegal, IRS Warns Maintaining a foreign bank or other financial account is not illegal. Such accounts are increasingly common, as the globe shrinks. However, in …

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Offshore Account Spotlight Will Only Heighten AML Compliance Issues

Date: Hal Crawford By: April 8, 2016 Offshore Account Spotlight Will Only Heighten AML Compliance Issues In the wake of the headline-grabbing leak of the Panama Papers, banks should prepare themselves for renewed scrutiny of their efforts to thwart money …

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