Virtual Heads Or Tails: EU Says Bitcoin Is Currency For Tax Purposes While US Disagrees

Bitcoin is money. That was the gist of a ruling this week from the European Court of Justice (ECJ), the highest court in Europe. The ruling was in response to a dispute originally filed in Sweden. In the case, Skatteverket (Swedish Tax Agency) v. David Hedqvist, the ECJ was asked to rule on whether transactions … Read more

Starbucks, Fiat Tax Deals Ruled Illegal, Ordered To Repay Millions In Back Taxes

In 2014, the European Commission announced that it would formally investigate the tax structures and practices of a handful of companies including Apple (Ireland), Fiat Finance and Trade (Luxembourg), and Starbucks (Netherlands). The inquiry followed months of promises by world leaders to ensure tax compliance after not-so-shocking revelations that multinational companies were engaging in controversial … Read more

Our Current Tax v. The Flat Tax v. The Fair Tax: What’s The Difference?

The GOP Debate last night was big on drama but short on specifics – especially when it came to the economy. Almost all of the candidates touted the need to grow the economy and reform the Tax Code but offered little in the way of details about how to best do this with two exceptions: … Read more

Man Visits 15 Banks Collecting Pennies To Pay Property Taxes – And Still Falls Short

Calling property taxes “unethical, unchristian-like and above all, it is thievery,” tax protester Steven Piotrowski finally paid off his 2013 Montgomery County property taxes this week, preventing a sheriff’s sale at the last minute. He would not, however, go quietly. He initially decided to make a statement by paying off his bill with 83,160 pennies. … Read more

Julius Baer Shareholders React Favorably To Tax Settlement News

Shares of Julius Baer stock nosed north sharply yesterday after settlement talks with U.S. officials caused them to announced that the bank has set aside $350 million to pay potential fines related to an ongoing criminal investigation into tax practices. I know: it sounds confusing. Why would shares soar – to an all time high … Read more

Crowdfunding As An Investment Tool: Is Trouble Brewing?

This story appears in the June 29, 2015 issue of Forbes. After college, high school buddies Richard Wolf, Tyler Fontaine and Chris Carbutt started playing with a $75 home-brewing kit in the vacant barn on the Wolf family’s horse farm in Skippack, Pa. After two years of experimentation with fermentation and a lot of taste-testing … Read more