Global Intelligence
The American corporations labeled unpatriotic for exploiting loopholes to avoid US taxes may see the so-called tax inversion schemes much less lucrative with the new rules announced by the US Treasury to crack down on the practice. The American corporations labeled unpatriotic for exploiting loopholes to avoid US taxes may see the so-called tax inversion […]
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When the IMF suggests increases in tax rates potentially as high as 71%, we should listen. The IMF has been at the forefront of global financial political agendas such as the one world currency (SDRs), default of the USD from the Gold standard (thus creating Forex market), and the backing of international ‘death’ loans as […]
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The US Tax system is one of the most complicated and least understood in the world. Yet it’s really very simple. But like with everything American, capitalism has made a business out of tax preparation ‘the tax industry’. First, let’s understand a key difference between TAX AVOIDANCE and TAX EVASION. Tax Evasion is ILLEGAL, and […]
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Sep 18, 2013 – 09:37 PM GMT By Nick Giambruno, Editor, International Man When I hear about strategies that purport to legally allow US citizens to avoid having to pay income taxes, the first thing that usually comes to mind is that it is some sort of dodgy cockamamie scheme. This is because the US […]
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The Buffets and the Gates of the US will be shedding a few tears this week as the United States and Switzerland have reached an agreement that brings the status of the latter as a tax haven for Americans (or will they?). No more hiding their cash away in Swiss banks. No more tax avoidance […]
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The IRS is cracking down on small businesses The IRS says it is trying to identify businesses that get “an unusually high portion” of their reported sales through credit card transactions. The thinking is that a lot of cash transactions might be going unreported. To decide who gets letters, the IRS compares a business’s credit […]
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Cezary Blaszczyk writes: Among the many recent revelations about American surveillance operations was the fact that, according to Der Spiegel, the U.S. intelligence apparatus “not only conducted online surveillance of European citizens, but also appears to have specifically targeted buildings housing European Union institutions,” Few, if any, of those commenting of late on such affairs […]
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United Kingdom corporation tax – Wikipedia, the free encyclopedia www.sbs.ox.ac.uk/centres/tax/Documents/Corporate tax in the United Kingdom.pdf HM Revenue & Customs: Who is liable for Corporation Tax Official UK Revenue Dept. LLP pays no tax like US S-Corp In the United Kingdom LLPs are governed by the Limited Liability Partnerships Act 2000 (in Great Britain) and theLimited Liability Partnerships Act (Northern Ireland) 2002 in Northern […]
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The OECD has stated in a report commissioned by the G20 that there will be “global tax chaos” in the next few years due to falling tax revenues from multinational companies around the world. Perhaps we could have saved a few thousand dollars by not commissioning the OECD report, since we could have all told them that was going […]
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