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Dolce & Gabbana Cleared Of Tax Evasion, Could Help Lionel Messi Trial

Dolce & Gabbana Are Ruled Innocent of Tax Evasion, Which Could Help Embattled Footballer Lionel Messi, Still Facing Trial In Spain, Even If it's Too Late to Help Wesley Snipes.

73 0f 100 Swiss Banks In Bed With The IRS Are Eyeing The Sofa

73 of the Swiss Banks That Grabbed a U.S. Amnesty Deal Have Second Thoughts, Are Pushing Back, and Want a Better Deal.

Free Speech Is Fundamental, Yet Tax Protesters Get Penalties Or Jail

IRS and Canada Are Both Ramping Up Law Enforcement Efforts Against Tax Protesters. Despite Free Speech, Talking Taxes Can Be Dangerous.

Alibaba Is The New Amazon In Taxes (Just Ask Yahoo)

Alibaba is Making Money for Yahoo, Money for Chinese Companies in its Network and Money for Investors. But What About U.S. Taxes?

IRS Blocks Inversions, So AbbVie Pays $1.64 Billion Kill Fee To Shire…And Deducts It

Obama's Treasury Department Took Action To Stop Inversions, and AbbVie Has Dropped Shire. That Triggers a $1.64 Billion Break-up Fee. The IRS Can't Block that Tax Deduction.

IRS Explains How To Come Clean On Offshore Accounts

With FATCA and hundreds of banks settling with the U.S., no offshore bank account is secret. The IRS has revamped its offshore account programs. Here's what you need to know.

Patent Boxes Come To Ireland & UK, Why Not U.S.?

Patent Boxes Encourage R&D and Manufacturing, Taxing IP Revenues At Low Rates. Why Not Keep Them at Home Instead of Offshore?

Are You a Chicago-Style (Quantity) or a Harvard-Style (Quality) Scholar?

Orin Kerr (George Washington), Writing, Fast and Slow: Zachary Kramer's thoughtful post, The Slow Writing Movement, brings up a broader choice between two approaches to producing legal scholarship. Fast versus slow. Or what I think of as the Chicago style versus the Harvard style. The Chicago style is to pump...

6 year-end tax tips for small businesses

I attend a handful of conferences every year. Today I'm at one of my favorites, BlogathonATX. It's local (no airport lines!). It's very local (a 15-minute drive from my house). It's on a Saturday (no horrendous Austin traffic!). ButShow More Summary

Wilkins Presents How IRS Lawyers Contribute to Sound Tax Enforcement at Florida

William Wilkins, Chief Counsel for the Internal Revenue Service and Assistant General Counsel in the Department of the Treasury, presented How IRS Lawyers Contribute to Sound Tax Enforcement at Florida yesterday as part of its Graduate Tax Program Enrichment Speaker Series: Wilkins characterized the IRS as the largest tax firm...

Technology Prof Bans Student Use of Technology in His Classroom

Clay Shirkey (NYU), Why I Just Asked My Students To Put Their Laptops Away: I teach theory and practice of social media at NYU, and am an advocate and activist for the free culture movement, so I’m a pretty unlikely candidate for internet censor, but I have just asked the...

The IRS Scandal, Day 534

Letter From Dave Camp (Chair, House Ways & Means Committee) to Jacob Lew (Secretary, U.S. Treasury Department) (Oct. 22, 2014): Some of the key questions remaining in the investigation into the IRS' targeting of conservatives groups are: who at the White House knew what was going on; when did they...

Fundraising Campaign Ends For ‘Ebola Free’ Nurse, Donors Encouraged To Contribute To Charity

Nina Pham, the nurse who contracted Ebola while taking care of Thomas Eric Duncan, has been declared free of the virus. The fundraising campaign for her has now wrapped and donors are encouraged to put their dollars towards Ebola charities. Exercise care, though: Ebola related scams are on the rise.

Mayweather Jr. Caught between Taxman and Pacman

Floyd Mayweather Jr. is pondering this next move. Faced with a deadline by boxing promoter Bob Arum, the American boxer has to make a decision that will have implications on himself both inside and outside the ring. Arum is waiting impatiently,...Show More Summary

New Wealth Inequality Paper Confirms: Saving in Decline for the 90%

A new paper on wealth inequality from economists Emmanuel Saez and Gabriel Zucman – who have written frequently on the subject – was released earlier this month. This paper is far better than previous attempts to measure inequality.Show More Summary

Pass-Through Businesses are not Always Small Businesses

According to 2011 Census data, there are approximately 27 million businesses in the United States. Of these 27 million businesses, 90 percent of them are what are called “pass-through” businesses. In regard to taxes, the most distinct feature of a pass-through business is that its income is taxed once on the owners’ individual tax returns. Show More Summary

Michigan Senate Advances Film Tax Credit Extension Bill

Michigan’s Senate approved a bill yesterday to extend the state’s film tax credit program, which was limited and reduced in 2011 and set to expire in 2017. It’s now up to the House to decide whether to proceed. From Mlive: The bill would...Show More Summary

Piketty’s Wealth Tax Would Shrink the Economy by $1 Trillion

A wealth tax would not be good for the U.S. economy. In his book, Capital in the 21st Century, Thomas Piketty suggests a wealth tax to fight income inequality. In a recent report, we used our Taxes and Growth model to evaluate the impact of such a tax on the U.S. Show More Summary

Tax Foundation Awards for Outstanding Achievement in State Tax Reform in 2014

Today, the Tax Foundation is honoring six individuals with the second annual award for Outstanding Achievement in State Tax Reform. As the award’s name suggests, the honorees were selected due to their extraordinary efforts to advance...Show More Summary

Ireland Considers 6.25 Percent Tax Rate on Intellectual Property

The Irish Times reports that the Irish government is considering a 6.25 percent tax rate on intellectual property: “Irish officials are examining the feasibility of a 6.25 per cent rate on a new corporate tax scheme as the Government...Show More Summary

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