Yesterday, it was all anyone was talking about: the Panama Papers. And then the names spilled out: Messi. Ulloa. Putin. Cameron. It seemed that the Panama Papers were connected with a staggering number of high-profile names. But what, exactly, are the Panama Papers? Here’s what you need to know.
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Ask The Taxgirl: Tax Forms, TurboTax & Offshore Accounts
Ask The Taxgirl: Tax Forms, TurboTax & Offshore Accounts
Read MoreFBAR, FATCA Filings Top 1 Million
More than 1 million Report of Foreign Bank and Financial Accounts (more commonly, FBARs) were filed in 2015, a record high. Under the Banking Secrecy Act (BSA) and Foreign Account Tax Compliance Act (FATCA), US taxpayers with foreign accounts are under more scrutiny than ever.
Read MoreMoney For Nothing: Finland Considers Monthly Payments For All As Social Welfare Alternative
What if, instead of a series of complicated bureaucracies issuing welfare checks, food stamps, and tax credits, social benefits were distributed to everyone without regard
Read MoreNew Law Warns Delinquent Taxpayers: Pay Up Or You Could Lose Your Passport
On December 4, 2015, President Obama signed into law the Fixing America’s Surface Transportation Act, or “FAST Act.” The purpose of the bill was to
Read MoreNetherlands Will Appeal Starbucks Tax Ruling, Apple Ruling Likely Delayed
“[T]he European Commission’s verdict in the Starbucks case deviates from national law and the OECD’s system.” That was the reaction on Friday from Netherlands Ministry
Read MoreAustrian Woman Destroys Million Dollar Fortune Rather Than Pay Out Heirs
Remember all those times your grandmother begged you to come visit? Apparently, some grandchildren in Austria didn’t visit… Whatever the reason, an Austrian grandmother went to
Read MoreGreece To Top Tax Figure: You're Fired!
Earlier this year, Greece teetered on the brink of financial ruin. Unable to pay its debts, the country went begging to the Eurozone for another
Read MoreStarbucks, 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
Read MoreChances Are, You Paid More In Taxes Last Year Than Facebook Did (In The UK)
Some Facebook users in the United Kingdom (UK) may be getting ready to put that rumored “dislike” Facebook button to use: the social media site
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