Cross-border tax issues, expat filing rules, and international tax policy — because taxes don’t stop at the U.S. border.
It turns out that Lionel Messi’s injury in Barcelona’s 2-1 victory over Las Palmas last month isn’t the most painful thing to happen to him this season. Days after it was reported that Spain had dropped criminal tax charges against the footballer, it appears that the trial is on again. Earlier this week, El Pais…
(Author’s note: This is not the last word on Messi. On October 8, a judge ruled that despite the prosecution’s actions, the case will move forward. More here.) Soccer fans in Barcelona can finally breathe a sigh of relief: prosecutors in Spain have dropped criminal charges against footballer Lionel Messi. It’s a dramatic turnabout from earlier…
Another FC Barcelona striker has been accused of tax evasion – and this time, it’s not Spanish tax authorities who are leveling the accusations. A Brazilian judge has charged that Neymar da Silva Santos Júnior, known to most of the world simply as Neymar, took steps to avoid reporting income and paying tax. As a result, he…
Less than two weeks after soccer fans learned that FC Barcelona midfielder Javier Mascherano will likely face charges for two counts of tax fraud, another high profile soccer player is under investigation. Midfielder Xabi Alonso who played with Mascherano in Liverpool is being investigated for failing to declare income related to his image rights. The…
Playwright John Osborne noted, “In London, love and scandal are considered the best sweeteners of tea.” If true, right now, Londoners must be in sugar shock. Londoners – and indeed most in the U.K. – were rocked earlier this week by lurid allegations about Prime Minister David Cameron’s past following the release of Call Me…
The Coca-Cola Company announced today that it may owe $3.3 billion in additional federal income taxes. In a form 8-K filed with the U.S. Securities and Exchange Commission, the company revealed that following a five year audit for the tax years 2007 – 2009, the Internal Revenue Service (IRS) issued a Notice of Deficiency claiming…
Superstar-laden FC Barcelona might be among the top teams in the Spanish Liga BBVA this season but the team is making news – again – for a more undesirable reason: tax investigations. As Lionel Messi awaits trial on tax evasion charges, another Barcelona star may be joining him. Spanish news outlet El Pais has reported that teammate Javier Mascherano…
Litigation isn’t often pretty. And when there are big dollars at stake, it can turn downright nasty. That’s exactly what happened when Jeffrey Prosser and his companies filed for bankruptcy. Prosser, the former owner of Innovative Communications Corp. (ICC) in the U.S. Virgin Islands, amassed personal wealth valued at more than $360 million in 2004…
Just a few weeks remain until Pope Francis’ historic visit to Philadelphia. It’s not only Pope Francis’ first time in Philadelphia but his first official visit to the U.S. While the Pope will also be making stops in Washington, D.C. and New York City, the focus of his visit is the City of Brotherly Love…
No “Netflix tax” in Canada. That was the word from Canadian Prime Minister Stephen Harper. Harper promised not to tax streaming services last week, saying, “I’m 100% against a Netflix tax — always have been, always will be.” He warned, however, that his opponents might do just that, claiming, “Some politicians want to tax digital…