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If taxes are truly unavoidable, someone ought to tell the property tax deadbeats in Hennepin and Ramsey counties who have rung up mega-bills. More than $100 million in real estate [...]

US congressmen accused multinationals of circumventing laws to avoid paying taxes which has allegedly milked the US treasury of billion dollars worth of revenue. The legislators are proposing a new tax law which would require a levy of 5% of total income from foreign companies annually earning more than $10 million. The IRS is conducting investigations on companies that have managed to avoid paying taxes in the past. Meanwhile, the US Department of Justice revised its anti-trust enforcement policy which would allow disputing of foreign company practices that hinder fair commercial competition.

A tax study from the Internal Revenue Service discovered that small-businesses under-report on 57 percent of their income. This report should embarrass presidential candidates John McCain and Barack Obama who are proposing multiple forms of tax relief for these businesses.

A report from the Internal Revenue Service reveals that small-business owners report only around 50 percent of their profits while wealthy investor report only around 88 percent of their capital gains. The report could backlash against presidential candidate John McCain's plan to slash corporate taxes and keep capital-gains taxes low.

Some countries and financial centres still fall short of meeting international standards developed over the last seven years to improve transparency and cooperation in combating offshore tax evasion, say two [...]

Ex-Congressman In Federal Custody: Former Rep. Randy Cunningham was sentenced in U.S. District Court in San Diego to eight years and four months in prison for corruption. He was convicted [...]

Multinational companies operating in the world's poorest countries are 'dodging' around hundreds of billions of dollars in tax, anti-poverty campaigners claim. By not paying the taxes, rich businesses are depriving [...]

A study entitled as 'Canadian banks and tax avoidance carried out in tax havens', served as a focus for an attack on banks mounted before the House of Commons finance committee by Bloc MPs Yvan Loubier and Guy Cote. The authors of the study claimed that many banks avoided paying $5.7 billion in tax over the period of 2000-03.

The Adolph Coors Co. may have its heart in the Rocky Mountains, but the company moved its state of incorporation from Colorado to Delaware last year. Unfortunately, the company has [...]

Five of 30 supposedly rare stringed instruments bought by the New Jersey Symphony for $17 million from a man now under indictment fur tax fraud are probably not authentic, a […]

While exporting jobs is now a hot-button issue nationwide and companies are under fire for sending work abroad to boost their bottom line, Americans may find a new federal report [...]

A record number of wealthy people paid no U.S. income taxes in 2000, the Internal Revenue Service reports. The number is a tiny percentage of taxpayers that the government considers [...]

The IRS reports that a few high-income earners that make over $200,000 annually avoid paying federal income taxes. A larger number of earners whose incomes fall within the same bracket end up paying small amounts that are in no way proportionate to what they earn. These high-income earners pay little or no federal income taxes because most of the income earned is in tax-free municipal bond interest. However, they still bear the burden of those taxes, albeit indirectly.

Federal Highway Administration (FHWA) and Internal Revenue Service (IRS) officials estimate that the government loses up to $800 million in revenues annually due to truckers' tax evasion. Such truckers resort to unscrupulous schemes to avoid paying taxes. These tactics include diversion of tax-free fuel to highway use, blending of untaxed products, bootlegging across state and national boundaries and the use of false documents. FWHA and IRS officials call on the government to step up its efforts against these motor fuel tax cheaters.