Everyone loves a good tax scandal. Tax scandals are present all around the world. Most businesses try to avoid as many taxes as they possibly can (because all businesses in the United States are taxed at 40 percent, as of 2012), because they want to increase profits. However, when large
Introduction As an old saying goes, there are two certainties in life: death and taxes. Although no one enjoys paying taxes, the right of governments to collect taxes is the basis of society, and all citizens of a nation are forced to pay taxes to support the public benefits that
The sluggish financial climate has made headlines across the world in these last few years and we have heard many stories regarding private individuals and corporations that have sought to protect their money by moving it abroad to nations that are considered attractive tax havens. While the number of such
Taxes are a monetary assessment imposed on an individual or a business by the legislative branch of the federal government. In the United States, some but not all states assess individuals with taxes similar to the federal assessment. Tax law is a collection of laws that regulate taxation. Because tax
If may not be illegal, but some find that fact that huge international companies are avoiding paying millions of pounds in tax immoral to say the least. But with little that can be done to force these firms to pay their ‘fair share’, it would seem the procedure known as
A lot of people seem to believe that tax lawyers are, in many ways, similar to any other legal professional. However, apart from their specialization in tax laws, these attorneys are different from the other legal professionals in more ways than one. Though lawyers and taxes are some of the
Non-resident taxpayers of the United Sates often fail to file their tax returns timely. Failure to pay tax on time can result in serious consequence apart from that the tax debt accumulates over time. The Internal Revenue Service (IRS) is aware that the US citizens dwelling abroad usually failed to
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