This is a follow-up to our post two weeks ago on the hearing in Congress on the status of U.S. investigations into alleged offshore tax evasion facilitated by Swiss banks. As we noted in our February 20 post, the large bank at the center of the current controversy is Credit […]
Category: Tax Evasion
Tax evasion charges can be of many different types. Sometimes, tax evasion is charged on its own, apart from any other offenses. We discussed such a case in our December 2 post last year, concerning a former football player with ties to Texas who bought into a bogus anti-tax argument […]
Michael Hoffman, a jeweler in Grand Rapids, MI, is hoping that the court will grant him mercy when he is sentenced on Thursday for filing false corporate and personal income tax returns. The 59-year-old has asked for home confinement and probation, so that his business might survive. “Mr. Hoffman acknowledges […]
The identity of one healthcare entity that filed a class action lawsuit against the Internal Revenue Service in March over allegedly seizing private records of 10 million Americans has been revealed. The lawsuit came after an extensive investigation into the company’s owner, who was indicted last summer on 13 counts […]
With bitcoin surging in price over this year from $17 to $1,200, many invested in the virtual currency are wondering what sort of taxes they should expect to pay from gains, if any. While the Federal Reserve stated that “virtual currencies like bitcoin have legitimate uses and should not be […]
Strident anti-tax arguments have increasingly gained a hearing in the U.S. in recent years. Political scientists make careers out of the tracing the roots of this. From Ayn Rand’s influential novel “Atlas Shrugged” to more recent Tea Party protests, the issue of excessive and arguably unjust taxation has been much […]
The management of United Steel Company Limited has refuted claims that the company evaded $86,059,463 in taxes, and instead suggests that the allegation made by the presidential task force through the media was meant to drag the names of reputable companies through the mud. A statement issued by the company […]
Former State Rep. Girod Jackson, pleaded guilty to three counts of tax evasion and tax fraud before a federal judge Thursday. Jackson’s firm came under scrutiny during a federal probe of the Jefferson Parish Housing Authority. Jackson resigned on August 22, after the charges were filed. Jackson’s plea was expected […]
Edgar A. Lockett Jr., 70, was convicted on Friday of six counts of tax evasion by an Amarillo jury after failing to pay more than $1.4 million in income taxes. Lockett, an anesthesiologist, faces up to five years in prison and was taken into custody of the U.S. Marshals Service […]
In the last few years, U.S. authorities have stepped up their efforts on multiple levels to crack down on a perceived problem with the use of offshore accounts to evade U.S. taxes. One of these levels has been to offer incentives for taxpayers with undisclosed foreign accounts to participate in […]