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Taxes News

Obama blasts companies moving overseas for taxation purposes

Dublin - In his toughest comments yet on the subject, Barack Obama accused big US corporations of trying to manipulate “the system” by “magically becoming Irish” through tax inversion deals.

Op-Ed: Burn it down, Mr. Obama

During the first five and a half years of his presidency – and I imagine for the 30 or so months that remain — I’ve had a difficult time supporting many of the decisions made by President Obama.

Op-Ed: Taxation of U.S. MLP Distributions for Canadian Taxpayers

U.S. Master Limited Partnerships are an interesting opportunity for Canadian, yield-oriented investors. Most of them provide distributions above 6%. Unfortunately, many Canadians have been incorrectly informed about tax reporting requirements.

Op-Ed: The November midterm elections may be about more than Obamacare

The November midterm elections are shaping up to be a referendum on Obamacare in the congressional races — however, in the gubernatorial and state legislature contests, the election may be about something else entirely.

U.S. tech giants' offshore cash piles earn interest from government: report

Four of the biggest U.S. technology groups collectively hold an estimated $124 billion in U.S. Treasury debt, much of it offshore, earning them tax-free interest, the UK's Bureau of Investigative Journalism (BIJ) said on Thursday.

Investor Tom Perkins says progressive taxation 'persecutes' the rich

Tom Perkins, the Silicon Valley venture capitalist who compared the plight of the wealthiest Americans to Jews in Nazi Germany, offered up a provocative new idea on what the rich deserve: more vot...

Op-Ed: Obama's minimum wage attempt offers nothing for middle class

Ahead of President Obama's State of the Union address tonight, it might be helpful understand the scope of the mathematics that are being tossed around on the minimum wage question.

Op-Ed: Bankruptcy hounds Pacquiao as IRS, BIR take legal options

The Philippines' Bureau of Internal Revenue (BIR) appears to have scored another legal victory in its effort to collect outstanding tax dues from Manny Pacquiao and wife Jinkee estimated at $50 Million.

Op-Ed: Pacquiao's $20 million fight purse not enough to pay Uncle Sam

Top Rank Promotions owner Bob Arum is reportedly paying eight-division world champion Manny Pacquiao a guaranteed sum of $20 million to face unbeaten WBO welterweight champ Timothy Bradley in a rematch at the MGM Grand in Las, Vegas, Nevada.

Op-Ed: Comprehensive U.S. tax reform can benefit the 90 percent

With the 2014 midterm election narrative likely to center on income inequality, congressional legislators and candidates should look to meaningful comprehensive tax reform.

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.

Op-Ed: Floyd Mayweather not ready to face Manny Pacquiao next year

Floyd Mayweather has been busy in the last couple of days engaging potential opponent Manny Pacquiao in a comical and sometimes insulting play of words to make it appear that he is now ready to face Pacquiao in the ring after three years of failed talks.

Op-Ed: Manny Pacquiao could lose his next fight in the US

Filipino boxing superstar Manny Pacquiao could lose every cent he expects to make in his upcoming fight in the U.S. which is tentatively scheduled for April or May possibly against unbeaten American boxer Timothy Bradley or Mexican Juan Manuel Marquez

Op-Ed: Manny Pacquiao next fight purse not enough to pay US tax dues

If Manny Pacquiao gets $18 million — the same amount he was reportedly paid by his promoter when he fought Brandon Rios in Macau — it won't be enough to settle his tax obligations with the US Internal Revenue Service (IRS).

Op-Ed: Who's telling the truth on Manny Pacquiao's tax woes?

Manny Pacquiao's promoter Bob Arum says his company, Top Rank Promotions has been religiously remitting at least 30% of Pacquiao's taxable income in the US to the Internal Revenue Service (IRS) but a TMZ report says Pacquiao still owes IRS $18 million.

In Detroit visit, Senator Rand Paul seeks diversity for the GOP

Detroit - Speaking at the opening of the Republican Party office in Detroit, Senator Rand Paul (R-KY) stressed the need for the GOP to infiltrate markets the party has largely ignored.

Cayman Islands will start reporting US citizens' offshore assets

In an effort to combat offshore tax evasion, the Cayman Islands signed an agreement with the United States. The agreement will enforce the Foreign Account Tax Compliance Act (FATCA).

Ron Paul stumps for Cuccinelli, draws on Libertarian themes

Richmond - Headlining at the closing rally of Ken Cuccinelli's gubernatorial bid in Virginia on Monday night, former long-term congressman and presidential contender Ron Paul (R-TX) talked up nullification and Libertarian themes.

Op-Ed: Number of taxpayers quitting U.S. citizenship hits record high

New York - The IRS is a US government program, with the force of the American military behind it, empowered to confiscate earned wages of its citizens. Those who do not comply are imprisoned and broken.

Op-Ed: Microsoft argues Xbox One is tax-deductible

Filing a 1099-MISC form with the Internal Revenue Service (IRS) can be a simple process for most independent contractors. However, many individuals and small businesses may not be taking full advantage of expenses eligible for tax deductions.

John McCain on IRS Special Counsel: 'We Ought to Wait and See'

During his Monday appearance on the TODAY show, U.S. Sen. John McCain (R-AZ) hinted that a “select committee may be called” to look into whether the White House was involved in the recent IRS scandal.

Op-Ed: In light of recent IRS scandal, new look at 16th amendment needed

With the recent IRS targeting of conservative and Tea Party groups, the American people would be wise to look back at history and heed the Founder's warnings regarding the dangers of direct taxation.

Connecticut considering raising taxes on digital products

Residents in the state of Connecticut may soon have to pay more money to download digital products such as iTunes songs, an apps or e-books.

Singer Mary J. Blige gets hit with a tax bill of $3.4 million

Mary J. Blige has been going through some financial problems as of lately, and that includes a tax bill of $3.4 million, and that is on top of $900K she owes the state of New Jersey.

On the IRS scandal, who knew what and when in the White House?

Washington - After repeated claims by the Obama administration that the IRS scandal was first made known to them more recently, it is now known that senior staffers at the White House were aware earlier in April.

Tea Party mobilizes in wake of 'appalling' IRS political targets

After the Internal Revenue Service admitted to openly targeting specific political groups to audit during the 2012 presidential election, the Tea Party has mobilized to push for a full inquiry.

IRS admits to targeting Conservative groups, GOP to investigate

With the White House blaming the matter on former president George Bush, the Internal Revenue Service openly admitted to targeting politically conservative organizations and apologized for doing so.

Colorado Lawmakers Approve 25% Marijuana Tax

The Colorado legislature passed a number of bills on Wednesday regarding a state-wide system for legal marijuana sales, including House Bill 1318, which levies a 15 percent excise tax and a 10 percent sales tax on all marijuana products.

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.

$88 million missing on Congo mining taxes, says watchdog

Tax authorities in Democratic Republic of Congo failed to account for more than $80 million in revenue from the country's mining sector.
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Tai Ji Men dizi interviewed by Geneva media to express concerns for human rights development in Taiw...
Tai Ji Men dizi interviewed by Geneva media to express concerns for human rights development in Taiwan.
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Tai Ji Men dizi explaining the details of the tax case
Tai Ji Men dizi explaining the details of the tax case
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By David Reber's Hammer Photography
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A Canadian doing their taxes
A Canadian doing their taxes
Canadian Pacific
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GIANT: Credit Suisse headquarters at Paradeplatz in Zurich  Switzerland.
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland.
Roland zh/Wikimedia Commons
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Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
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The Tai Ji Men unjust tax case is presented at the 15th session of the UN Human Rights Council  seek...
The Tai Ji Men unjust tax case is presented at the 15th session of the UN Human Rights Council, seeking the human rights protection and call on government to abide Universal Declaration of Human Rights, terminate all unjust measures to enforce its illegitimate claims on the right to property and travel bans on Tai Ji Men Qigong Academy.
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The headquarters for Canada Revenue Agency
The headquarters for Canada Revenue Agency
John Bristowe
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Tai Ji Men dizi meeting with human rights organizations in Geneva. Members of human rights group pro...
Tai Ji Men dizi meeting with human rights organizations in Geneva. Members of human rights group protesting in front of UN building.
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Table comparing Canadian income tax rates on investments
Table comparing Canadian income tax rates on investments
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US Uncut Arkansas protest at Bank of America on tax day.  Little Rock  Ark.  April 18  2011.
US Uncut Arkansas protest at Bank of America on tax day. Little Rock, Ark. April 18, 2011.
US Uncut Arkansas
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Tai Ji Men dizi holding posters to protest in front of the Taipei Cultural and Economic Delegation i...
Tai Ji Men dizi holding posters to protest in front of the Taipei Cultural and Economic Delegation in Geneve Switzerland. From the left, “Tax authority bending the laws has crippled Taiwan government,””Taiwanese people in search of the freedom of belief and expression,”“Ancient menpai of qigong and martial arts fights for survival against human rights violations.”
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Representatives of Tai Ji Men dizi visit the Taipei Cultural and Economic Delegation in Geneve of Sw...
Representatives of Tai Ji Men dizi visit the Taipei Cultural and Economic Delegation in Geneve of Switzerland to fight for stopping the state violence.
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