President Barack Obama has set forth an important initiative with the aid of Congressman Neal, Senator Kerry, Chairman Baucus and Rangel. The agenda is to empower the government of the United States of America to combat oversea tax havens, such as Swiss bank accounts.
The Automatic Exchange Of Information is an agreement among governments around the world to share non-resident financial account information to reduce the possibility and ability of nefarious people to engage in tax evasion. The Automatic Exchange Of Information requires banking officials to send a foreign account...
When corporations make plans to evade taxes, they rarely consider the impact that tax evasion has on both developed and developing nations. According to the Tax Justice Network, there is an estimate of between $21-$32 trillion that is associated with private wealth held offshore. The annual...
The nation of Switzerland has always been one of the prized goals for many of the world's leading tax evasion lawyers and investigators. In 2009, the largest bank in Switzerland, UBS AG entered into an agreement with the U.S. tax agencies that would allow it to pay...
In a recent announcement made by the ConDem government, they've indicated that they will make further developments in its current plans to make the UK a tax haven nation. Many multimillionaires from foreign countries prepare to react accordingly. There has been a shift in offshore investments...
As a United States citizen, one of your biggest grumbles may be getting taxed every year. You may feel that you are being taxed entirely too highly while others pay too little or even nothing at all. This has certainly been an issue that has caused much...
Several members of the billionaire Sackler family have recently come under fire in the United States. The family has already been under fire due to its ownership of Purdue Pharma, the company that created and marketed the infamous opioid drug, Oxycontin. Now they find themselves the target...
Fraud costs businesses and individuals across the world $5.127 trillion a year. There are many examples of fraud but a common one are fake pay stubs. Whether you’re a tenant or an employer, know what to look out for so you know these pay stubs are legitimate. Don’t know how to...
About 40% of all small businesses pay close to $845 in tax penalties and fees for making mistakes on their taxes. Many of these mistakes are avoidable, but small business owners choose to do taxes themselves. If you’re in this boat, it’s time to hire an accountant. They’re experts in...
The US government pulls in about $4.5 trillion a year in income and payroll taxes. Whilst that may be great for funding things like schools and roads, paying taxes can really hit small businesses where it hurts. The good news is that there are a lot of deductions you can make...