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Tax News

Washington's yoga community opposes 'yoga tax'

The Washington D.C. city council will be imposing a 5.75 percent sales tax on facilities that provide fitness services starting from October 1.

The cost of scientific fraud revealed

According to a new study, each science paper exposed as incorrect and which is subsequently retracted because of research misconduct costs taxpayers roughly $400,000.

Op-Ed: Shareholders push Google to pay $2 billion in taxes

At Google’s annual shareholder meeting in Mountain View hundreds of thousands of consumers around the world are joining with Google shareholders in a resolution urging the corporation to pay more than $2 billion in taxes owed around the world.

Make the most of your tax refund

If you're among the lucky folks getting money back from the feds, here are a few ways to ensure you get the biggest bang out of those bucks.

Apple pays $193M tax in Australia

An investigation in Australia revealed the billions of dollars Apple has shifted in profits in an effort to minimize the company's tax.

Some big U.S. companies dodge state income taxes: Study

Some profitable U.S. corporations that avoid paying federal income taxes manage to do the same in states where they operate, said a study issued on Thursday by a tax activist group. From 2008 through 2012, ten U.S.

Largest-ever U.S. tax-fraud phone scam targets thousands: IRS watchdog

Thousands of Americans nationwide have been targeted since August by a phone scam in which fraudsters claim to be from the U.S. Internal Revenue Service and demand money for unpaid taxes, said the IRS' watchdog on Thursday.

Exclusive: EU legal opinion opens door to Tobin tax on forex

Deals from the multi-trillion euro a day foreign exchange market could in principle be included in a tax on financial transactions, a legal opinion from European Union lawyers seen by Reuters said.

Germany's Gabriel wants Swiss bankers who aid evasion in court

Germany's center-left deputy chancellor hailed the jail sentence for tax evasion handed to Bayern Munich soccer boss Uli Hoeness and said the directors of Swiss banks that hide such funds should be hauled before the courts.

German court sentences Bayern boss Hoeness to jail for tax evasion

A German court convicted Bayern Munich president Uli Hoeness of tax evasion on Thursday and sentenced the man who turned the soccer club into one of the world's most successful sports dynasties to 3-1/2 year...

German prosecutor demands 5-1/2 years jail for Bayern boss Hoeness

Bayern Munich president Uli Hoeness should be sentenced to 5-1/2 years in jail for evading millions of euros in taxes, state prosecutor Achim von Engel said on Thursday at the end of a trial against the soccer manager.

Outlook for online state sales tax fix dims in U.S. Congress

Prospects for federal action to resolve a fight over state sales taxation of online retailing faded on Wednesday in the U.S.

Italian PM announces 10 billion euros in tax cuts

Rome - New Italian Prime Minister Matteo Renzi on Wednesday announced ten billion euros worth of tax cuts in the first major economic announcement since he came to power last month.Renzi said ten million people earning less than 25,000 euros ($34,760) a year ...

Bayern boss Hoeness goes on trial for tax evasion

Bayern Munich president Uli Hoeness, once one of Germany's most admired soccer managers, heads to court on Monday to face charges that he dodged taxes in a case that shocked the German public and spurred o...

UK court ruling may prompt more scrutiny of Amazon tax plans

Amazon's tax affairs could come under more scrutiny in Britain, tax experts said, after a judge questioned whether it really was organized in the tax efficient way it said it was.

Apple moved billions offshore to avoid Australia tax, report says

Sydney - US tech giant Apple was on Thursday accused of shifting nearly Aus$9 billion (US$8.1 billion) in untaxed profits from its Australian operations to Ireland over the past decade.An investigation by the Australian Financial Review obtained 10 years worth ...

Italy cancels 'Google tax' on web companies

Italy has dropped a planned internet tax sometimes dubbed the "Google tax", in one of the first measures enacted by the new government of Matteo Renzi, an official said on Friday.

Barca pay 13.5 million euros in Neymar tax case

Barcelona have paid 13.5 million euros ($18.53 million) to the Spanish treasury after they were charged last week with tax fraud in the signing of Brazil forward Neymar.

U.S. looks at Swiss insurers in offshore probe: WSJ

U.S. prosecutors are widening their probe of how Swiss banks helped wealthy Americans avoid taxes to look at insurers as well, the Wall Street Journal reported on Monday, citing unnamed sources.

OECD delivers new global standard to target tax cheats

Sydney - The OECD on Sunday delivered a new global standard to crack down on tax evasion with more than 40 countries already committing to measures which the European Commission called "a big step" forward.Organisation for Economic Cooperation and Development (...

OECD delivers new global standard to target tax cheats

Sydney - The OECD on Sunday delivered a new global standard to crack down on tax evasion with more than 40 countries already committing to the measures.Organisation for Economic Cooperation and Development (OECD) chief Angel Gurria called it "a real game-change...

Swiss finmin says must adopt bank data-sharing position quickly

Switzerland must adopt a position on sharing bank client data with foreign tax authorities more quickly than originally thought and cannot hold back until all other countries have introduced the practice, its finance minister told a ...

Barca deny wrongdoing after tax fraud reports

Barcelona have denied wrongdoing after local media said Spain's public prosecutor had asked for charges to be brought against the club for alleged tax fraud in last year's signing of Brazil forward Neymar.

U.S. tax season returns, and with it refund fraud

Kev Imandoust guards his U.S. Social Security number with 25-character passwords and email encryption software.

GDF Suez 'astonished' at Belgium press tax evasion reports

Brussels - French energy giant GDF Suez said on Sunday it was "astonished" by Belgian press reports alleging it had tried to avoid paying local taxes."GDF Suez is astonished by the published articles and formally contests their content," the company said in a sta...

Japan speeds up stimulus as tax hike looms

Tokyo - Japan said on Friday it is moving to speed up the impact of a $50 billion stimulus package aimed at countering any slowdown from a looming sales tax hike.The rare move -- which sets out a timeline for spending a big chunk of the special budget -- comes...

India seeks to cancel $2billion Vodafone tax dispute resolution talks: memo

India plans to withdraw from talks with Vodafone Group Plc to resolve a nearly $2 billion tax dispute after the British operator pushed for the inclusion of a separate tax case in the talks, according to an internal government not...
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Tax Image

Microsoft’s small business blog argued that the new Xbox One is a tax-deductible expense.
Microsoft’s small business blog argued that the new Xbox One is a tax-deductible expense.
Anti-HST protesters in Victoria  B.C.
Anti-HST protesters in Victoria, B.C.
Tony Sprackett
A plastic bag in Toronto
A plastic bag in Toronto
Duncan Lee  an American CPA and Tai Ji Men dizi  explained the details of Tai Ji Men tax case.
Duncan Lee, an American CPA and Tai Ji Men dizi, explained the details of Tai Ji Men tax case.


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