All posts in Tax News

SIMI VALLEY, CA/USA - JANUARY 23, 2016: General Electric logo. General Electric is an American multinational conglomerate corporation.

Attorney Joe Garza Decries Tax System: U.S. Corporations Hiding $1.4 Trillion Overseas

Bernie Sanders Plans to Raise Taxes on the Wealthy to 90%

Bernie Sanders Plans to Raise Taxes on the Wealthy to 90%

Yes, you read that correctly. In an interview with CNBC, Bernie Sanders went on the record as supporting this radical notion. While dining – in what seems to be a very elegant restaurant – he dogmatically turns against the high […]

Here's How Caterpillar is Able to Pay Tax Rates in the Low Single Digits

Here’s How Caterpillar Is Able to Pay Ultra Low Tax Rates {Slideshow}

Caterpillar is valued at almost $50 billion. So how does the company pay taxes in the low single digits? Check out the presentation below to find out how Caterpillar has structured itself to achieve an astonishingly low corporate tax liability. […]

What Would a National Sales Tax Mean for the U.S.? {Slideshow}

What Would a National Sales Tax Mean for the U.S.? {Slideshow}

Over the past decade, the U.S. tax code has become increasingly complex and contentious. Supporters of the Fair Tax Act hope to change this. Cosponsored by Senator Cruz in 2013 and 2015, the Fair Tax Act calls for the an […]

IRS Announces New Joint Effort to Protect Taxpayers From Identity Theft

IRS Announces New Joint Effort to Protect Taxpayers From Identity Theft

The International Revenue Service is joining forces with state tax officials and representatives of tax preparation firms to combat a new wave of tax-refund theft and identity fraud. This collaborative effort comes as a result of the agency’s recent announcement […]

Bermuda Takeovers Halt After Tax Scrutiny

Bermuda Takeovers Halt After Tax Scrutiny

The IRS discourages bidders from partaking in offshore takeovers to receive inappropriate tax breaks. This scrutiny has caused potential suitors looking to acquire foreign reinsurers to back out from merger deals. Bermuda-based reinsurer, Montpelier Re Holdings Ltd., has admitted that […]

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