Tags » Tax

Protesters Slam Walgreens For Considering Swiss Tax Shelter

(CBS) – Walgreens is considering moving its corporate headquarters — on paper — to Switzerland.

It’s a strategic move that would save millions in taxes, but as CBS 2’s Dorothy Tucker reports, it’s making some customers angry. 184 more words

News

WHAT SHOULD YOU DO? YOU FAILED TO FILE AN FBAR BUT REPORTED ALL INCOME FROM AN OFFSHORE ACCOUNT

This predicament is not an uncommon occurrence.  Many taxpayers may have had a foreign bank or brokerage account and reported the income in their tax returns or earned no income but did not know they had to file an FBAR.  859 more words

TAX

U.S. Companies Continue to Plan Corporate Inversions Despite Government Protests

This past week, Treasury Secretary Jacob Lew sent a letter to key members of Congress calling for the nation to embrace a “new sense of economic patriotism” and stop supporting corporations that are moving their tax home out of the U.S. 792 more words

Tax

Barclays Implicated in US Tax Scams

A US Senate committee report has said Barclays bank was involved in dubious dealings to let help hedge funds avoid tax. The details of the basket option deals used are quite technical, suffice to say private tax avoidance at public expense. 57 more words

Tax And Accounting News

Eight Reasons to See Your Tax Professional in the Summer

Most people never give their tax professional much thought outside the first quarter of the year when filing season is open. Sadly, many of these folks miss an opportunity to course-correct mid-year to mitigate any unpleasant outcomes. 817 more words

Aca

Nigerian Churches and Mosques versus Taxation – Part 2

We argued in Part 1 of this article that increasing waves of terrorism and extremism in Nigeria make it essential that the government tighten up all avenues where there is a risk of money laundering; the government must heighten and not relax its scrutiny of charitable expenditure. 478 more words

Africa

Is Anyone In The UK Paying Any Tax?

Only those people on PAYE and White Van Man it would seem. We are living under an authoritarian plutocracy in our country today. Read tha link on Ian Taylor in th Independent to confirm RHs previous statement if you have any doubts. 472 more words

Business