Tax News

A U.S.

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

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.

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.

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 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.

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...

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.

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

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 ...