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+12 +1
Beanie Babies creator: I had a bad childhood, don’t send me to prison
The Beanie Babies creator has turned into a cry baby. Ty Warner, who in October admitted to stashing as much as $107 million in a Swiss bank account to evade…
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+22 +1
Why More Americans Are Renouncing U.S. Citizenship
A few times a year, the Treasury Department publishes a long list of names announcing all of the Americans who have lately abandoned their U.S. citizenship. According to the legal website International Tax Blog, the number hovered around 500 a decade ago. Last year, it hit a record high of nearly 3,000. This was not a gradual change. It was a sudden spike. It's a story of dominoes falling, one after another, leading to an unexpected outcome.
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+11 +1
Turkey PM threatens to 'go after' Twitter for tax evasion
Turkey's prime minister said Saturday he will "go after" Twitter, accusing the site of tax-evasion, after it was used to spread damaging leaks implicating his inner circle in corruption claims. In a televised speech, Recep Tayyip Erdogan also launched a tirade against the nation's highest court for ruling against a ban on Twitter, charging that it put the rights of businesses above that of Turkey's.
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+1 +1
Best investment options for tax exemption
We always tend to procrastinate when it comes to our investment plans but the best time for it is right now!
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+20 +1
The Biggest Tax Scam Ever
Some of America's top corporations are parking profits overseas and ducking hundreds of billions in taxes. And how's Congress responding? It's rewarding them for ripping us off.
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+17 +1
New Global Plans Unveiled to Crack Down on Corporate Tax Avoidance
Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google Inc and Amazon.com Inc.to shave billions of dollars off their tax bills.
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+16 +1
10 days on, HSBC bank faces 10 separate inquiries
Ten days after revelations about HSBC’s Swiss subsidiary first broke, the bank is now facing 10 separate inquiries around the world. On Wednesday Swiss prosecutors announced a criminal investigation into the Geneva-based bank’s activities, joining a growing list of investigations in jurisdictions across Europe, Asia, and both North and South America. Of perhaps the most immediate concern to the bank are statements from US Department of Justice officials...
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+1 +1
Let's close a tax loophole
Exposed: the government is helping millionaire bosses dodge £700m in tax. Sign the petition to shut the loophole down
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+13 +1
Über-warehouses for the ultra-rich
Ever more wealth is being parked in fancy storage facilities. For some customers, they are an attractive new breed of tax haven
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+3 +1
Is McDonald's next in line for Europe tax probe?
The European Commission is considering an investigation into McDonalds' tax affairs after campaigners claimed the fast food giant had dodged more than €1 billion in taxes between 2009 and 2013 by diverting European revenues through a subsidiary in Luxembourg.
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+2 +1
NYC buildings show Albany corruption, real estate connection
To understand the connection between Albany corruption and New York City real estate industry, look at Hampton Court.
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+14 +1
Australia in corporate tax crackdown
Australian Treasurer Joe Hockey announces the introduction of a new tax crackdown against 30 multinational corporations.
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+18 +1
New Data Offer First Infuriating Glimpse At How The Richest 0.001 Percent Pay Income Taxes
Just how severe is income inequality when Tax Day rolls around?
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+2 +1
Wal-Mart Has $76 Billion in Undisclosed Overseas Tax Havens
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+6 +1
MEPs' vote could expose multinationals' tax dodging
A vote in the European Parliament tomorrow could led to European multinational corporations reporting their taxes paid, and profits made, on a country by country basis. Without such a rule, multinationals can shift their profits from country to country with the sole intention of paying less tax, a practice exposed by the LuxLeaks investigation.
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+2 +1
Eric Holder, Wall Street Double Agent, Comes in From the Cold
Eric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington & Burling. The former attorney general decided against going for a judgeship, saying he's not ready for the ivory tower yet. "I want to be a player," he told the National Law Journal, one would have to say ominously.
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+14 +1
Chris Christie Gives Taxpayer Subsidy To Donor Whose Lawsuit Helped Him Prosecute Democratic Financier
The New Jersey governor's administration granted a $40 million subsidy to a man whose lawsuit helped prosecute a Democratic financier. By Andrew Perez and David Sirota.
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+41 +1
Toshiba CEO quits in $1.2 billion accounting scandal
Toshiba's president and CEO Hisao Tanaka is stepping down after an investigative panel found that company executives were complicit in misreported earnings. The independent report said that Toshiba had exaggerated its operating profit by ¥151.8 billion ($1.2 billion) over the past six years. Vice chairman and former CEO Norio Sasaki is also out, and current chairman Masashi Muromachi will take over the role of interim CEO from tomorrow.
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+15 +1
Fleecing Uncle Sam
A growing number of corporations spend more on executive compensation than federal income taxes.
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+21 +1
Watch John Oliver's Hellfire Sermon on American Televangelists
John is brilliant as ever
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