Taxes News

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...

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.

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.

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.

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

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.

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.

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

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).

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.