Tax

World leaders, celebrities and more used hundreds of thousands of shell companies in Panama to hide their assets and take advantage of accounting and tax loopholes.

Democrats risk settling for a less generous expansion of the state and local tax deduction than previously hoped after President Joe Biden conceded that lawmakers will have to scale back his economic agenda to get it enacted.

Biden informed Democrats that a separate infrastructure bill would need to wait until the social welfare and tax package was complete.

Policies held in grantor trusts would be subject to estate tax under Democrats’ plan, the latest blow to wealth management for the affluent.

The new Tax Forum topics reflect headline issues.

TCS Group founder Oleg Tinkov pleaded guilty in a 2013 case that accused him of concealing assets.

An unprecedented leak has revealed the offshore financial assets of dozens of current and former world leaders and hundreds of politicians.

House Speaker Nancy Pelosi is giving lawmakers until Halloween to strike a deal.

Prosecutors want more time to gather more evidence from overseas against Novatek exec Mark Gyetvay.

Manchin said any new programs should be means-tested and that the tax offsets should include elimination of the carried-interest provision that especially benefits private equity firms.