Under a new enforcement provision passed into law earlier this month, the Internal Revenue Service can revoke passports of serious tax offenders who owe more than $50,000 to the government.
Follow, research and publish the best content
Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
Already have an account: Login
Operation Deimos
7.8K views |
+0 today
 Your new post is loading...
Scoop.it!
Billionaires and millionaires flock to these places to take advantage of tax loopholes that allow them to establish offshore bank accounts and shell corporations, and pay virtually nothing. By doing so, they avoid the otherwise high tax rates they would pay in their home countries, without renouncing their citizenship. 
Scoop.it!
Big business tax watch: Do corporate tax avoiders also mistreat their staff? - Independent Australia
Is there a correlation between mistreating staff and avoiding tax? Between profiting from people’s misery and tax avoidance? John Passant reports.
Scoop.it!
The currently proposed 2-year extension will cost taxpayers $95 billion over next decade.
Scoop.it!
Last week, Hillary Clinton’s campaign released an ambitious plan for curbing tax inversions. It’s a good start, even if much more is needed.
Scoop.it!
When someone buys a copy of Office at the Microsoft Store in Bellevue Square, that cash doesn’t take the short route to the company’s Redmond headquarters 4 miles up the road.
Scoop.it!
The long read: Jersey bet its future on finance but since 2007 it has fallen on hard times and is heading for bankruptcy. Is the island’s perilous present Britain’s bleak future?
Scoop.it!
The EU's European Commission (EC) on December 8 accused Qualcomm of paying money to an unnamed top-tier smartphone and tablet maker to ensure that the customer use only Qualcomm's baseband chipsets in its mobile devices, a move that essentially hinders competitors' ability to negotiate with the OEM.
Scoop.it!
Zuckerberg and his wife Priscilla Chan launched the organisation, the Chan Zuckerberg Initiative, this week to honour the birth of their daughter, Max. The couple pledged to give away 99% of their Facebook shares in their lifetime, currently worth about $45bn (£30bn). However, the philanthropy is structured not as a charity but as a limited liability corporation (LLC) with charitable aims.
Scoop.it!
Former CEO admits he was told in a telephone call that he was being replaced after just three years in top job The former chief executive of Barclays, Antony Jenkins, has spoken of his surprise at being sacked over the summer after just three years...
Scoop.it!
The Securities and Exchange Commission presented a complaint with case details.
Scoop.it!
Tales of Barclays bankers playing fast and loose, circa 2011, lack shock value these days. After Libor rigging, forex rigging, and four other serious disciplinary breaches by the bank since 2009, we’re numb.
Scoop.it!
Tom Hayes, the former UBS Group AG trader given a 14 year-prison term for manipulating Libor, returns to court this week to try to persuade the U.K.’s top judge to overturn one of the longest sentences ever issued in Britain for a white-collar crime.
|
Scoop.it!
American Adam Siegel, 37, admitted to boosting the lender’s profits on trades at the expense of customers. He faces up to five years in prison and will be sentenced in March.
Scoop.it!
Good Jobs First, a Kauffman- and Ford Foundation-backed Washington, D.C. group, has posted this interesting searchable Subsidy Tracker database aggregating corporate subsidies, tax breaks and other gifts to businesses across the U.S.
Scoop.it!
Four in 10 licences to frack in the UK are held by companies that are partly or wholly owned in offshore tax havens, analysis shows, as ministers prepare to announce the next round of permits. A study by Greenpeace, the environmental group, found
Scoop.it!
A provision backed by the Koch brothers to require prosecutors to show that crimes were committed knowingly threatens the left-right coalition backing a criminal justice ovehaul.
Scoop.it!
You might as well hold the launch party for your vegetarian cookbook at a steakhouse.
Scoop.it!
Bank of England governor Mark Carney today suggested controversial European rules brought in to restrict bonuses to twice a bankers’ basic salary have backfired.
Scoop.it!
The Democratic presidential candidate will propose a new "exit tax" to tamp down on inversions.
Scoop.it!
Electrolux and General Electric Company ended their agreement under which Electrolux was to purchase General Electric’s appliance business.
Scoop.it!
Escort agencies can expect a visit from the taxman, after HM Revenue & Customs set up a taskforce to target the adult industry.
Scoop.it!
São Paulo - Brazil's Grupo Pactual scrambled to contain fallout from the arrest of its billionaire boss on Wednesday, tapping cash reserves to cover client redemptions and announcing a stock buyback to prop up plunging shares.
Scoop.it!
On Nov. 13, the United Kingdom’s Serious Fraud Office (SFO) announced it was charging 10 individual bankers, working for two separate banks, Deutsche Bank and Barclays, with fraud …
Scoop.it!
Still reeling from the cancellation of a press conference with black pastors, where he hoped to gain their endorsement, 2016 GOP presidential front runner Donald Trump also has a Hispanic problem — specifically, Republican Hispanic members ...
|
