Tax avoidance

Senate Democrats plan their own political counter-programming to House Republicans' threats of wide-ranging probes, taking on issues like corporate tax avoidance and union-busting.

U.S. and European investment into mainland China has largely been channeled through offshore vehicles set up by Chinese companies in tax havens.

The service is reacting to recent court decisions challenging its ability to classify the investments as abusive schemes.

According to data released by the OECD, the average combined statutory tax rate in its sample of over 160 countries was unchanged at 20% this year.

The IRS is projecting that the annual gross tax gap in 2014-2016 of $496 billion jumped to $548 billion for 2017-2019.

One of the world's largest machinery producers, has struck a deal with U.S. tax authorities to end a dispute that stretches back to 2007.

Italy's Guardia di Finanza is alleging that Pfizer's unit based just outside Rome, Pfizer Italia Srl, transferred excess capital to affiliates in the U.S. and the Netherlands to avoid taxes on profits that can be as high as 26%.

The bill would force the rich to declare their assets at current value, unlike the old law, which allowed them to report assets at their original purchase price.

The twins previously lived together in a castle in the Channel Islands known for its tax-haven status.

Holes in a proposed gun tax; IRS budget-to-be; offshore account troubles; and other highlights from our favorite tax bloggers.