Silicon Six' accused of avoiding almost $278bn in US corporation taxes over 10 yearsAmerican tech giants, the Silicon Six, have paid $278bn less in corporate taxes than required over a decade, exploiting tax avoidance strategies.
How the US is stalling hard-fought global tax reform DW 07/02/2024Implementing a global minimum tax rate for multinational corporations to prevent tax avoidance.
Silicon Six' accused of avoiding almost $278bn in US corporation taxes over 10 yearsAmerican tech giants, the Silicon Six, have paid $278bn less in corporate taxes than required over a decade, exploiting tax avoidance strategies.
How the US is stalling hard-fought global tax reform DW 07/02/2024Implementing a global minimum tax rate for multinational corporations to prevent tax avoidance.
Pension loophole was exploited to wipe out tax bills, Revenue foundThe 2022 Finance Act has created significant tax loopholes, enabling wealthy individuals to exploit pension schemes without limitations.The removal of the salary link to pension contributions has resulted in large-scale potential for tax avoidance.
Oz avoided Medicare taxes, Democrats allege. Oz says the move is allowed.Oz may have avoided over $440,000 in Medicare and Social Security taxes using questionable accounting methods, raising eyebrows as he seeks a leadership position.
Dear Elon: How about you help San Francisco with our budget crisis? - 48 hillsElon Musk faces public criticism for Tesla's perceived tax avoidance, revealing the disconnect between wealth and tax contributions.
Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in IncomeTesla's effective federal tax rate remains strikingly low despite massive profits, raising questions about tax fairness in the U.S. system.
Dear Elon: How about you help San Francisco with our budget crisis? - 48 hillsElon Musk faces public criticism for Tesla's perceived tax avoidance, revealing the disconnect between wealth and tax contributions.
Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in IncomeTesla's effective federal tax rate remains strikingly low despite massive profits, raising questions about tax fairness in the U.S. system.
Roman Abramovich could owe UK 1bn over tax dodge that helped bankroll Chelsea FCRussian oligarch Roman Abramovich may owe the UK nearly £1 billion due to a tax scheme involving hedge fund investments managed from the UK.
The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here's how it works.Private-placement life insurance allows ultra-wealthy individuals to avoid estate taxes and significantly cut tax bills, with potential legislative changes on the horizon.
Senator Michael McDowell calls for capital gains tax to be slashed in Seanad speech on the Finance BillTax rates significantly influence capital gains tax revenues, with reductions potentially leading to increased compliance and revenue.High capital gains tax rates encourage tax avoidance through emigration.
Government urged to act after four more tax avoidance schemes identified - London Business News | Londonlovesbusiness.comHMRC's identification of more tax avoidance schemes highlights a significant issue requiring urgent regulatory changes to protect vulnerable workers.
HMRC's list of known tax avoidance schemes and non-compliant umbrellas nears 100 names | Computer WeeklyHMRC added nearly 100 non-compliant umbrella companies to its list, signaling a significant rise in tax avoidance schemes.
Government urged to act after four more tax avoidance schemes identified - London Business News | Londonlovesbusiness.comHMRC's identification of more tax avoidance schemes highlights a significant issue requiring urgent regulatory changes to protect vulnerable workers.
HMRC's list of known tax avoidance schemes and non-compliant umbrellas nears 100 names | Computer WeeklyHMRC added nearly 100 non-compliant umbrella companies to its list, signaling a significant rise in tax avoidance schemes.
HMRC recovers 70m in tax crackdown on footballers and agentsHMRC recovered nearly £70 million in unpaid taxes from football entities through a crackdown on tax avoidance schemes.Investigations target the misuse of dual-representation contracts and player image rights in football.
Trump and Harris want to end taxes on workers' tips. Here's why that wouldn't workCongress has not implemented the elimination of federal taxes on workers' tips due to complexities and potential loopholes leading to tax avoidance by higher-income individuals.
Despite Historic Levels of Inequality, Yellen Opposes Global Billionaires TaxThe U.S. Treasury Secretary opposes a global tax on billionaires at the G7 meeting to set a minimum international rate for the ultra-wealthy.
Who is Rishi Sunak?Rishi Sunak, UK's British-Indian Prime Minister, faced controversies around tax avoidance, Partygate scandal, and challenging pandemic decisions.
Can the UK's 40bn 'Tax Gap' Be Bridged by the Next Government?Both major UK parties aim to reduce the tax gap through combating tax avoidance, though experts doubt the feasibility of raising up to £6 billion solely from this measure.
Pakistan: Parliament passes tax-heavy budget to appease IMF DW 06/28/2024Pakistan's parliament approved a tax-heavy budget aiming for a 40% increase in tax revenues, seeking IMF loans to avoid default amidst widespread tax avoidance and economic challenges.
The IRS Wants to End Another Major Tax Loophole for the WealthyEnd of tax loophole for wealthy taxpayers potentially raising $50 billion in revenue, halting partnership basis shifting to prevent tax avoidance.