Happy's Pizza, which has more than 100 franchises kept two sets of books says Uncle Sam and lied about how much money the pizza shops made.
In addition, the company founder Happy Asker has been indicted for federal conspiracy that he cheated the government out of millions in taxes. Agents from the DEA, ATF and...
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Category: Tax Fraud
Tax prep business convicted of tax fraud and America’s massive fraud problem
The man who owns two tax preparation companies which prepared thousands of income tax returns containing materially false information, was convicted of tax fraud and making false statements to federal agents.
Mohammed Al-Suqi, 54 prepared his clients income tax returns so that they would receive large federal income tax refunds. The problem is that the...
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International financial whistleblowers coming to America for Major IRS and SEC rewards
The IRS and Securities and Exchange Commission are finding unusual sources of information--international financial whistleblowers who are revealing enormous amounts of sensitive information about banks and large corporations that are evading taxes and defrauding investors and stock holders. The new breed of whistleblowers are sophisticated enough to know that they can reveal information under...
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Whistleblower primer: which corporations are tax evaders and which aren’t?
When you start with knowledge that every dollar of tax evasion is borne on the backs of the rest of the United States citizens, the issue of tax evasion becomes more prominent. As time passes and budget belts tighten perhaps then the IRS will awaken to the need to energize its whistleblower program to...
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Why blowing the whistle on corporate tax fraud is critical to boost our economic recovery
The U.S. economy is slowly pulling up from the system shock it took in 2008 around the mortgage backed securities and real estate scandal. The avarice which was at the basis of that disaster is not dissimilar from the corporate greed seen in what is known as transfer pricing or offshore tax havens. In...
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APPLE’S tax transfer pricing strategies under strict scrutiny
Apple's CEO testified before Congress that the company pays all its taxes despite a report issued by the Senate Permanent Subcommittee on Investigations which said that Apple is holding almost $102 billion of its $145 billion in cash overseas. The Report also said that Apple's Irish subsidiary earned $22 billion in 2011 but paid...
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Bank of New York hit with $850 million tax court decision for cross border tax deal
A federal tax court judge yesterday rules that the Bank of New York improperly claimed foreign tax credits through a deal arranged by Barclays and was ordered to pay $850 million in back taxes. The decision opens the door for similar cases against other banks which could mean billions of dollars in back taxes...
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IRS auditing Google and other corporations for shifting profits offshore to avoid taxes.
The United States Internal Revenue service is auditing how Google Inc. and other major companies are avoiding federal income taxes by shifting profits into offshore subsidiaries, a practice called "transfer pricing". Focus is on how the company is valuing software rights and other intellectual property it licensed abroad and it has requested information from...
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How major corporations commit tax fraud in overseas operations
I received a letter from a reader. My first. The writer wants to know more about how corporations are getting away with paying little taxes on their earnings by arranging for foreign tax shelters. The Presidential campaign and discussions on the issue on television had caused her to write. The issue of corporate...
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IRS Whistleblower-Businessman Says Chamber of Commerce Groups Evading Millions In taxes Nation-Wide
A successful Hilton Head businessman Skip Hoagland has become the latest IRS whistleblower seeking rewards for helping the government recover significant sums for for tax evasion. Hoagland says that the Hilton Head-Bluffton Chamber of Commerce and others around the nation, are violating U.S. tax laws because although the operate as non-profits, they actually generate...
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