The Treasury Department and the Internal Revenue Service have issued new rules to discourage American companies from moving their headquarters abroad to lower their tax rates. The new rules make that more difficult by curtailing companies' ability to avoid United States tax rates in locations where they lack substantial business activity. American companies have been...

Banks around the world are rendering critical data on US expats' hidden assets abroad as part of a major tax evasion crackdown The US initiative expected to affect over 200 Americans Bank details belonging to hundreds of thousands of American expats have been passed to Washington, marking the start of a new era of...

An expert hired by former Vanguard Group tax lawyer David Danon in his whistle-blower lawsuit against Vanguard, has sent the IRS a report estimating the company's unpaid federal income tax liabilities at $34.6 billion from 2007 to 2014.  Avi-Yonah, who has also taught tax law at Harvard and the...

Robert P. Benefant, President of AVC Technology Systems has been charged by federal prosecutors with filing a false tax return and bankruptcy fraud. HeΠallegedly used companies he owns or partially owns to hide income so he wouldn't have to pay the government back taxes he allegedly owed. The government alleges he...

The U.S. Department of Justice Tax Division and the Internal Revenue Service are ramping up a hallmark expanding crackdown on offshore tax evasion, and banks that assist US tax evaders are being faced with potential indictments for felonies wherever they are located. The government's blitzkreig extends to Switzerland, where it is aggressively pursuing criminal investigations...

The treasurer of the super PAC We are America used a web site called Catholic Online to solicit donations for disaster relief including Hurricane Katrina but instead used the money for his own personal use. Michael Galloway of Bakersfield, Calif., owns a high-traffic website that takes charitable donations, has a fleet of...

The Vatican announced that it will share the tax information of U.S. citizens holding accounts in the Vatican Bank, with the United States. This is expected to reveal many who have evaded taxes in the United States which will result in prosecutions. Vatican and U.S. officials signed an agreement in which the...

Three Atlanta women have been accused of operating a $2 million tax fraud operation by using confidential information from the website Ancestry.com. The Internal Revenue Service sent refunds to the addresses associated with the defendant women. According to reports, the women may have obtained social security numbers off the...

Troy X. Kelley, Washington State Auditor has beenŒ indicted for federal income tax evasion, lying to investigators, concealing millions of dollars, and making repeated false statements.  Governor Jay Inslee wants Mr. Kelley to resign but Mr. Kelley said he plans to go on leave instead. A Democrat and former state legislator, Mr. Kelley was...