All posts in Tax News

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Her Majesty’s Revenue & Customs Has Created “HMRC Most Wanted” Flickr

Tax evasion cost the United States more than USD $3.09 trillion in the last decade. Across the Atlantic UK government officials have become quite creative to prevent such loses. Her Majesty’s Revenue and Customs (HMRC) is responsible for collecting taxes […]

Joe Garza: Double Irish Elimination, Easier Said than Done

Last month, the Irish Finance Minister announced that the Double Irish, a well-known tax inversion tactic, would likely be eliminated starting in 2015. The changes could have major ramifications for several U.S. based tech companies. Much to our relief, this […]

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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. […]

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 […]

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 […]

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 […]

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