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Leaders of tax enforcement authorities from the U.S., Australia, Canada, the Netherlands and the United Kingdom met this week to discuss ways to deal with tax crimes and tax evasion, particularly involving cryptocurrency.November 8
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Over the last few years, captive insurance has become the tax shelter du jour for accountants and wealth planners looking to find ways to help their small business owner clients reduce their tax exposures. Now the IRS is cracking down on the scheme.October 24
Senior technical editorTax & Accounting Professionals business of Thomson Reuters
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The Internal Revenue Service released a new set of tax gap estimates for tax years 2011, 2012 and 2013, indicating the tax compliance rate is mostly unchanged from previous years.September 26
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Authorities probe more than a dozen of the luxury brand’s current and former executives over an alleged tax-avoidance scheme.September 25
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The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.September 9
PartnerWithersworldwide
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Almost 40 percent — or some $15 trillion — of the world’s foreign direct investment is “phantom capital” designed to minimize the tax bills of multinational firms, according to a study published by the International Monetary Fund.September 9
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His boss pleaded guilty to helping wealthy clients hide assets worth at least 1.6 billion euros.August 28
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There's a new front in the agency’s burgeoning scrutiny of the crypto industry.August 15
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Todd and Julie Chrisley, the stars of the reality TV series “Chrisley Knows Best,” were indicted by a federal grand jury in Atlanta on charges of tax evasion, bank fraud, wire fraud and conspiracy, while their accountant Peter Tarantino was also indicted on tax-related charges Tuesday.August 14
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The former chief executive officer of HSBC Holdings Plc’s Swiss private bank pleaded guilty to helping wealthy clients hide assets worth at least 1.6 billion euros ($1.8 billion) as French prosecutors flex their muscles to tackle white-collar crime.August 7
