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July 2014 Archives

Companies Continue to Reincorporate, Washington Debate Rages

The Obama administration voiced its opinion in a letter to leaders of the congressional tax-writing committees over urging lawmakers to pass legislation that would limit U.S. companies' ability to reincorporate overseas for tax purposes.

Lawyer Gets 15 Years for Biggest Tax Fraud in U.S. History

Paul M. Daugerdas, a Chicago-area attorney and accountant, has been labeled by the government as history's most prolific and unrepentant tax cheat. The judge overseeing Daugerdas' case referred to the attorney as having "incredible greed."

Walgreen Seeks Lower Tax Rate Abroad

Walgreen Co's Chief Executive Greg Wasson said on Tuesday that the company is exploring the idea of moving outside the U.S. as it considers buying the remaining shares it doesn't already own in European pharmacy Alliance Boots GmbH.

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