Search Results for: Tax
’Tax Reform’ Cry Hampers Effort to Curb Inversions
September 12th, 2014
Republicans and business allies such as House Ways and Means Chairman Dave Camp and the U.S. Chamber of Commerce say they know the way to stop companies from changing addresses to cut their tax bills: Reform the tax code. ...
Nevada lawmakers consider $1.3 billion in tax breaks for electric car maker
September 12th, 2014
Nevada lawmakers on Thursday approved a package of bills to provide $1.3 billion in tax breaks and other incentives for Tesla Motors, clinching a deal for the electric car company to build a massive factory in the state. “This ...
Belize Firm Charged in $500 Million Tax-Evasion Scheme
September 10th, 2014
IPC Management Services LLC, a Belize-based investment firm, and its founder were accused of a $500 million scheme to launder money and hide investments as part of a U.S. crackdown on tax evasion. Robert Bandfield, a U.S. citizen, was ...
Tax Reform for US Inversions
September 8th, 2014
While it does not appear that US President Barack Obama will be taking administrative action in the near future, other commentators are insisting that corporate tax reform is the only viable option to stop US multinationals from undertaking corporate ...
Biggest tax inverters ‘have $21bn offshore’
September 8th, 2014
Three US companies seeking to use controversial takeovers to cut their US tax bills hold at least $21bn in “trapped” offshore cash that the deals could unlock. According to data compiled by Moody’s for the Financial Times, the biggest ...
Accountants warn against eBay tax evasion
September 8th, 2014
Accountancy firm Baker Tilly has warned people trading on eBay about tax evasion after a man was jailed for two years for failing to declare income from online sales. John Woolfenden was convicted at Bolton Crown Court after he ...
Japan PM’s stance on next tax hike ‘utterly neutral’
September 5th, 2014
Prime Minister Shinzo Abe stands “utterly neutral” on whether to decide in December to raise the sales tax again next year but he will be very cautious in his decision given the potential blow to the economy, Japan’s economy ...
Tax Boss Who Took On Pacquiao Chills Asian Bond Market
September 5th, 2014
Philippine inland revenue boss Kim Henares is taking her four-year fight against tax evasion to the capital markets, slowing record corporate bond sales. Henares issued a ruling in January requiring companies to list the names of all investors receiving ...
Nevada offered $1.25 billion in tax breaks to win Tesla
September 5th, 2014
The tax incentive package assembled by Gov. Brian Sandoval to woo Tesla’s “Gigafactory” battery plant is unprecedented in size and scope for the state of Nevada and is one of the largest in the country. The overall value to ...
Joe Hockey announces new move against multinational tax evaders
September 4th, 2014
Multinational companies who seek to avoid Australian tax but also charge disproportionately higher prices here are in the sights of a new crackdown. Joe Hockey has told parliament the Commissioner of Taxation has been asked to “double his efforts” ...
