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international

Temporary TurboTax Glitch Stresses Out Last Minute Tax Filers

15 April 2013

Tweet When it rains, it pours. In the midst of an already tense tax season, taxpayers had a brief moment of worry last night when the online system for TurboTax appeared to melt down. After a few error messages, some angry tweeting and a little hyperventilating, things returned to normal. So what happened? According to [...]

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Taxes From A To Z (2013): V Is For Voluntary Disclosure

8 April 2013

Tweet V is for Voluntary Disclosure. I know what you’re thinking: this doesn’t apply to me because I don’t have offshore accounts. But don’t leave just yet. It’s not only taxpayers with offshore accounts that might qualify for voluntary disclosure programs. While most taxpayers are familiar with the 2012 Offshore Voluntary Program (and its predecessors, [...]

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Dolce & Gabbana Fined Millions For Tax Evasion

3 April 2013

Tweet I’m a man, I’m not just a fashion designer. – Stefano Gabbana Now, Gabbana can add “tax evader” to his resume. Both Stefano Gabbana and his partner, Domenico Dolce, together known as the fashion duo Dolce & Gabbana, were fined in connection with charges of tax evasion this week by a Milan tax court. [...]

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Cypriots Avoid Bank Tax As Russia Appears To Pay Price For Bailout

25 March 2013

Tweet For one week, the eyes of the world were turned to a tiny island nation in the Mediterranean. Cyprus, the third smallest economy in the Euro zone (the term used to refer to the 17 countries which use the Euro as their currency), was on the brink of default. It’s economy was in shambles [...]

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Cyprus Looks To Impose Bank Tax, Boost Corporate Taxes To Rescue Economy

18 March 2013

Tweet As the European Union (EU) rushed to offer the island nation of Cyprus a whopping €10 billion (nearly $13 billion U.S.) in aid, the Euro fell to its lowest level this year. The value of the Euro decreased to $1.2930 U.S., a dip of more than 1%, as news spread that a potential deposit [...]

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Ship Isn’t The Only Thing That Stinks At Carnival: Low Tax Rate Stirs Ire

16 February 2013

Tweet I love a good cruise story – even those gone bad. Gilligan’s Island? I’d totally live with those seven strangers (did anyone else find the Professor dreamy?).  And the Titanic? Even when dying, Leonardo DiCaprio managed to make Kate Winslet swoon. Being shipwrecked or smacking into an iceberg at least makes a good romantic [...]

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Ask the Taxgirl: Social Security Numbers and Dependents

29 January 2013

Tweet Taxpayer asks: I have a child that moved in with me from Canada in July and I do not have a social security number for him how do I go about claiming him on my taxes? taxgirl says: You generally need a Social Security Number (SSN) to claim a dependent on your federal income [...]

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Australia Hopes To Tax Smokers Into Quitting: Would It Work Here?

6 January 2013

Tweet How high would taxes have to boost the cost of a pack of cigarettes before you’d stop smoking? $5 a pack? $10 a pack? $15 a pack? What about $20? That’s the plan in Australia if the government gets its way. As part of the National Tobacco Strategy, the policy framework for the Australian [...]

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Depardieu Accepts Offer Of Russian Citizenship To Escape Higher Taxes

4 January 2013

Tweet Ooh la la! Guess who’s switching from brie to borscht? Gerard Depardieu, the enigmatic French actor, has become a Russian citizen. The announcement that Depardieu had officially been approved (by President Vladimir Putin himself, apparently) followed a flurry of exchanges between Depardieu and Prime Minister Jean-Marc Ayrault over French President Francois Hollande’s plans to [...]

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High Court Says ‘Non’ To Millionaire Tax in France

31 December 2012

Tweet France’s high court has issued a resounding “non!” to President Francois Hollande’s attempt to tax millionaires. Hollande’s controversial tax, slated to go into effect for 2013 revenues, would have imposed a 75% tax on individuals with revenues of more than 1 million euros (about $1.3 million U.S.). The tax was meant to raise money [...]

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