Guest Post: The Accidental Tax Invasion
It’s time for guest posts! Today, Dominic Ferzst, tackles tax, FATCA and the “accidental invasion.”
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Guest Post: On The Tax Code, Time for America to Have it Our Way
It’s time for guest posts! Today, Dr. Elaine C. Kamarck of the RATE Coalition tackles corporate inversions.
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U.S. Ranks Near The Bottom For Tax Competitiveness: We're #32!
Today, the Tax Foundation released its 2014 International Tax Competitiveness Index (ITCI). The ITCI measures the competitiveness of tax systems in the 34 countries in the Organisation for Economic Cooperation and Development (OECD) based on criteria in five categories: corporate income taxes, individual taxes, consumption taxes, property taxes, and the treatment of foreign earnings. So…
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IRS Still Struggling With Tax Treatment Of Immigrants, Changes Rules Again
Tax refund fraud costs taxpayers billions of dollars each year. In an effort to curb fraud, the Internal Revenue Service has made a number of changes over the past few years, including new controls over Individual Taxpayer Identification Numbers (ITINs) which took effect in 2013. Those rules, however, are changing again. ITINs are numbers assigned…
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New Tax Head Says She Knows Why Italians Don't Pay Taxes: They're Catholic
Dolce & Gabbana. Miuccia Prada. Roberto Cavalli. Valentino. Silvio Berlusconi. That’s not merely a list of some of Italy’s most famous, most wealthy newsmakers. The names on that list have made news over the past few years for another, more dramatic reason: they’ve all been targeted (most successfully) by Italian taxing authorities for tax evasion….
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International | Prosecutions, felonies and misdemeanors | Sports and Tax | Taxes of the rich and (in)famous
Spanish Court Moving Forward With Messi Tax Evasion Case
Less than a month after Lionel Messi earned the 2014 World Cup Golden Ball (for those of you who don’t follow soccer, it’s the award for the tournament’s top player), the Argentine superstar is making news again… This time, however, Messi would probably want a pass on the attention. A Spanish court has decided to…
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Russia Considers Going Progressive When It Comes To Tax
Quick: which major city holds the title of “billionaire” capital of the world? Not New York. Not Hong Kong. Not London. The answer is Moscow. The Russian capital has consistently held the title as eighty-four of the world’s richest, worth a total of over $366 billion, make the city their home. While most of Russia’s…
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European Commission Broadens Tax Inquiries To Include Amazon: Google, Microsoft, & McDonald’s May Follow
Move over, Apple, Starbucks & Fiat: it appears you have some company. Last month, the European Commission announced that it would be formally investigating the tax structures and practices of three specific corporations in very targeted destinations: Apple (Ireland), Fiat Finance and Trade (Luxembourg), and Starbucks (Netherlands). At the time, I noted that it was…
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Money Literally Flying At World Cup: Is It A Clever Attempt At Tax Avoidance?
The Ghana soccer team continued to make headlines this week. No, folks weren’t still talking about their impressive battle against Team USA early in the World Cup or the nearly improbably tie with the German team or the loss to Portugal that sent Team USA through to the quarterfinals. No, folks were talking about cash….
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World Cup Mania: Figuring Out FIFA, Soccer, & Tax
We are in full World Cup mode at my house. My kids are huge soccer fans (you may know this if you’re a regular reader) and they’ve been counting down to the first game (Brazil beat Croatia) for months. They’ve made posters and charts and insisted on buying souvenirs, including a stuffed version of the…