Pay up, Monopoly Men; freeloading isn’t cool.
The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.
America loses hundreds of billions of dollars to tax evasion every year. We need to give the I.R.S. the tools to combat it.
The Group of 7 nations reached an agreement over a global minimum tax that companies would pay regardless of where they are based.
Dr. Javaid Perwaiz’s procedures over nearly a decade caused insurance programs to lose more than $20 million, federal prosecutors said.
The investigation into the former president has led prosecutors to subpoena records from a New York City private school.
The case had examined whether Donald Trump violated election law with a $130,000 payment shortly before the 2016 election to a pornographic-film actress by his personal lawyer, Michael Cohen.
Money directed at families is added to an earlier proposal on infrastructure.
The Samsung family in South Korea will also donate billions of dollars’ worth of art, including Picasso and Monet.
Chaim Deutsch, a Brooklyn Democrat, was removed for violating his oath of office, officials said.
Credit Suisse had admitted to helping American clients evade taxes in 2014 and was fined $2.6 billion, but it avoided even higher fines because of its vow that it had stopped the practice.
The president’s “American Families Plan,” which he will detail this week, will be offset in part by a tax enforcement effort that administration officials believe will raise $700 billion over a decade.
Chaim Deutsch, a city councilman from Brooklyn, falsely deducted business expenses, according to federal prosecutors.
The I.R.S. believes the American drugmaker used an abusive offshore scheme to avoid federal taxes.
Wealthy Americans are concealing large amounts of income from the I.R.S. There is a straightforward corrective.
A former bank employee contends that the Swiss bank continued to help American clients avoid taxes long after its 2014 plea deal with the U.S. government
The I.R.S. is often unable to detect or fight blatant tax cheating by the rich and big businesses. Restoring it is a solution that pays for itself.
Increased spending to enforce the existing tax code would pay for itself and then some.
Robert F. Smith has acknowledged his involvement in a 15-year scheme to hide more than $200 million in income and evade taxes, but he retains the support of the hall’s board.
Inquiries into the president and his businesses, one criminal and one civil, are now looking at tax deductions taken on consulting fees. Some of the payments appear to have gone to Ivanka Trump.
The president is more vulnerable than ever to an investigation into his business practices and taxes.
Two icons of disruptive political leadership have much in common … except for acknowledging gracefully when they’ve been voted out.
Tax enforcers from five nations are investigating Euro Pacific Bank, which operates in a U.S. territory criticized in the past for its lax financial regulation.
Federal prosecutors said Robert T. Brockman had used a web of entities based in Bermuda and Nevis, as well as secret bank accounts in Bermuda and Switzerland, to hide $2 billion in income from the I.R.S.
Donald Trump knows that taxes are for the poor.
The dispute will now likely head to the Supreme Court for a second time.
The U.S. authorities accused the former antivirus impresario of evading taxes and said his extradition to American soil was pending.
Cybersecurity entrepreneur and crypto personality John McAfee’s wild ride could be coming to an end after he was arrested in Spain today, now facing extradition to the US over charges spanning tax evasion and fraud.
The SEC accuses McAfee of being paid more than $23.1 million worth of cryptocurrency assets for promoting a number of ICO token sales without disclosing that he was being paid to do so. Furthermore the DOJ has levied a number of counts of tax evasion against McAfee, saying that he “willfully attempted to evade” payment of income taxes owed to the federal government.
In a brief announcing the arrest and unsealing of indictment documents, the DOJ also details that the charges are confined to McAfee the individual and that they did not find any connection with the “anti-virus company bearing his name.”
The DOJ’s charges against McAfee are a bit dry but detail 10 counts against the entrepreneur. McAfee faced 5 counts of tax evasion, which each carry a maximum penalty of 5 years in prison, as well as 5 counts of “willful failure to file a tax return,” each carrying a maximum penalty of 1 year in prison.
The SEC filing is a much more interesting read, with 55 pages detailing a lengthy investigation into McAfee’s alleged fraudulent activity promoting a number of ICOs throughout 2017 and 2018. The report specifically notes that McAfee allegedly received more than $11.6 million worth of BTC and ETH tokens worth for promoting seven ICOs. Unfortunately, those offerings were not named in the suit. He additionally received $11.5 million worth of the promoted tokens, the suit alleges.
We have reached out to John McAfee for comment.
The agency doesn’t have the resources to battle the tax lawyers of the ultrarich. Trump’s returns are just one example of how little the wealthy pay.
Maybe that’s why he sucks up to Putin.
Donald Trump’s tax returns illustrate the profound inequities of the tax code and the shambolic state of federal enforcement.
A Times report unravels much of the mystery: This is your morning tip sheet.
Prosecutors have suggested in court papers that an investigation into the president could focus on a range of possible crimes.
The New York State attorney general is investigating whether the president and the Trump Organization improperly inflated the value of his holdings.
The former Minneapolis police officer and his wife were charged with filing fraudulent tax returns from 2014 through 2019.
Finally, eventually, the president’s tax returns might be made public. Does it even matter anymore?
The Supreme Court’s decision adds another twist in a yearslong debate over whether the president should release his tax returns.
The case was the latest example of the Justice Department’s efforts to combat Chinese influence on American campuses.
Lee Jae-yong said he would be the last of his family members to lead the South Korean corporate empire.
Changing rules have led to taxpayer confusion. We asked accountants and other specialists to help sort it all out.