All posts in Tax News

us-inversion-rates

Why Are American Companies Bailing on the Homeland? Lower Taxes

In the past 10 years, 47 companies have transferred overseas for lower tax rates, compared to only 29 in the previous twenty years. Now more than ever, American companies are deserting the U.S. for nations with more attractive tax law. […]

Texas State Flag

When it comes to Job Creation, Texas Is in a League of its Own

Governor Rick Perry is fond of talking about the “Texas Miracle”- the way in which the state’s businesses have created jobs and attracted migrants from all over the country in the last decade or two. The data in Texas’s favor […]

Bitcoin

4 Reasons the IRS Hasn’t Made a Decision about Bitcoin

Colleen Ahern Governments all over the world are struggling to determine how to treat Bitcoin in their tax systems. Norway and Germany have chosen not to treat Bitcoin as a currency, but instead to regard it as an asset upon […]

UBS

Beanie Baby Tycoon Fined Millions for Tax Evasion

Ty Warner was given two years of probation and 500 hours of community service for hiding his assets in a Swiss bank account. The creator of Beanie Babies toys, Warner avoided paying an estimated $5.6 million in taxes over the […]

Google Play

Google Pays Israel $373 Million in Taxes

Google’s acquisition of Waze, an Israeli based app that crowd-sources traffic information, will cost the company $373 million in taxes, according to Haaretz. Google acquired Waze in June, following rumors that Apple and Facebook were both bidding for the company. […]

2014 Tax Season

How 2013 Threw Off This Year’s Tax Season

It looks like many of 2013’s headline events will be affecting tax filing season in 2014. The government shutdown and sequestration will have an impact on when and how taxes will be filed in the coming year. Here’s what you […]

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