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Tax evasion News

No jail time for Beanie Babies creator Ty Wilson

Ty Warner, the billionaire creator of Beanie Babies toys, pleaded guilty to tax evasion in October, but on Tuesday it was announced that he won't serve any prison time for hiding millions of dollars in secret Swiss bank accounts to evade taxes.
In the Media by Lizz Riggs

Swiss banker wanted by US for helping tax evaders nabbed in Italy

Bologna - Wanted in the USA for allegedly helping wealthy Americans hide €15 billion ($20 billion) from their local taxman, the former top banker was found hiding away in style in a luxury hotel in Bologna.
In the Media by Anne Sewell - 1 comment

Dolce and Gabbana sentenced to jail for tax evasion

Italian fashion designers Domenico Dolce and Stefano Gabbana have been sentenced to jail in Italy for one year and eight months for tax evasion. They were accused of hiding millions of euros from Italian tax authorities.
In the Media by Eko Armunanto - 1 comment

Op-Ed: The ongoing tax crusade against Google

The powers-that-be in the UK are continuing their crusade against Google, but this is the thin edge of a very broad wedge, as others are beginning to realise.
In the Media by Alexander Baron - 21 comments

Op-Ed: Apple’s tax evasion disguised under economies of agglomeration

Disguised under the economies of agglomeration, giant corporations are having all the chances to evade its taxes by creating subsidiaries in low-tax countries – sidestepping income taxes.
In the Media by Eko Armunanto - 8 comments

Swiss government weakens bank secrecy to give US officials info

The Swiss government is reportedly going to allow banks in the nation to share some information with U.S. authorities. U.S. officials want to determine which Americans are using offshore bank accounts to hide their money and avoid taxes.
In the Media by Leigh Goessl - 2 comments

Lauryn Hill sentenced to 3 months in prison for tax evasion

Singer Lauryn Hill has been sentenced to a three month prison sentence for tax evasion. The Grammy winning former member of the Fugees must report to prison by July 8 for her failure to pay income taxes for three years.
In the Media by Layne Weiss - 5 comments

Grammy-winning Lauryn Hill has two weeks to pay $500,000 tax bill

Newark - Eight-time Grammy-winning singer Lauryn Hill has two weeks to pay $504,000 in back taxes, if she doesn't she faces a potential three years in prison for tax evasion, a federal judge in Newark, New Jersey said Monday afternoon.
In the Media by Yukio Strachan - 5 comments

Wesley Snipes released from federal prison

In case you've been wondering why Wesley Snipes hasn't appeared in any movies lately, he's been in jail for tax evasion, but has finally been released.
In the Media by Anne Sewell - 4 comments

Gerard Depardieu to renounce French citizenship over tax row

French film-star Gerard Depardieu has been the butt of criticism over the last week, after announcing his intention to move just over the border to Belgium, where rich residents do not pay wealth tax. Depardieu now plans to renounce French citizenship.
In the Media by Katerina Nikolas - 2 comments
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Tax evasion Blogs

When Does Taxation Turn Into Oppression?

The Tax Foundation released its annual tax analysis for this year, analyzing all of the taxes that Americans pay to all...
Apr 7, 2012 by Walter "Bruno" Korschek - 9 comments

The Dubious Accomplishment Checklist Of The Obama Administration - Making Jimmy Carter Proud

A few weeks ago, a Facebook post circulated for a short amount of time that listed out the accomplishments of the Obama...
Feb 26, 2012 by Walter "Bruno" Korschek

Isn't It A Shame:Cold In Maine But Smug, Wasteful, and Impotent In Washington

Fascinating and depressing article in the February 24, 2012 issue of The Week magazine called "When Cold Kills - The...
Feb 25, 2012 by Walter "Bruno" Korschek

President Obama, The Congressional Super Committee and Their Deficit of Courage

This article reviews the effort put forth by the Congressional "Super Committee" which was supposed come up with a...
Dec 8, 2011 by Walter "Bruno" Korschek

Recent Economic Winners - White House Staffers and Business Tax Evaders

Almost all of the recent economic reports have not not good. Very few jobs created for Americans, hundreds of thousands...
Aug 7, 2011 by Walter "Bruno" Korschek - 2 comments
 

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