While the US has yet to offer a solid position on the taxation of Bitcoin, other countries are moving ahead with policy decisions. To date, Singapore and Germany have been cited as those with the most definitive answers on taxing Bitcoin. Are they about to be surpassed by the UK?
Read MoreCategory: international
Prada Following Italy’s Latest Fashion Trend: Tax Transfers, Allegations Of Evasion
Apparently, the tax devil does not wear Prada. Italian tax authorities are investigating fashion house Prada on allegations of tax evasion. Will this be Dolce & Gabbana all over again?
Read MoreItaly Tries Bite At Apple As Authorities Investigate Tax Structures
The Securities and Exchange Commission may approve of Apple’s overseas tax strategies but Italian taxing authorities aren’t so sure. This week, those Italian taxing authorities
Read MoreBayern Munich Keeps Winning Even As Their Chief Faces Trial For Tax Evasion
Bayern Munich just keeps winning as it marches towards the UEFA round of 16… But Bayern Chief Uli Hoeness isn’t having the same kind of luck. This week, Hoeness found out that he will face a trial on charges of tax evasion with respect to millions of Euros he kept hidden from German taxing authorities.
Read MoreVatican Suspends ‘Bishop Of Bling’ Over $40 Million Home Renovation
Pope Francis has suspended a German bishop – dubbed the “Bishop of Bling” – whose $42 million home renovation has outraged the Catholic Church. The lavish renovations, together with other spending allegations, has raised questions about church revenue, much of which is raised through the government. What will this mean for Germany? And is it ever a good idea to mix church and state?
Read MoreHow Twitter Hopes To Reduce Its Tax Bill (In 140 Characters Or Less)
The internet is aflutter with the news that Twitter is jumping on the Irish corporate tax bandwagon a la Apple. Will taxpayers react in quite the same way?
Read MoreMaradona, Football’s Former ‘Golden Boy,’ Served In Italy For $53M Tax Debt
Diego Maradona, football’s “Golden Boy” has been served with papers in Italy allowing tax officials to freeze his assets in an effort to pay off tens of millions of dollars in outstanding tax liabilities.
Read MoreRussians Consider Boosting Divorce Tax, Citing ‘Moral And Demographic Decline’
As Russia’s economy slows down, its leaders are searching for new ways to raise revenue. Yelena Mizulina, the head of the Committee on Family, Women and Children in the Russian Parliament, thinks she has the answer: increase the tax on divorce.
Read MoreAchtung Baby: Bono Defends U2 Tax Moves
U2 is one of the most successful rock bands in the world. Frontman Bono is considered one of the most charitable men in the world. Yet, when it comes to economics, the band chose to move some operations to the Netherlands in order to pay fewer taxes. Is that hypocrisy? Bono says no.
Read MoreIRS Gets Big Win In Corporate Tax Holiday Case, Readies For Next Fight
This week, BMC Software Inc., which was acquired this week by a private investor group led by Bain Capital LLC (yes, that Bain Capital) and Golden Gate Capital together with Insight Venture Partners, GIC Special Investments Pte Ltd, and Elliott Management Corporation, found out its fate in a tax dispute with IRS.
Read More