Some American investors have concocted a scheme to evade U.S. taxes by sending their money offshore and then investing from there in U.S. stocks or bonds. A recent study says that this is costing our country billions in unpaid taxes. In order to do the round tripping, an American citizen will set up a bank...

US tech giant Apple has shifted an estimated $8.9 billion in untaxed profits from its Australian operations to a tax haven structure in Ireland in the last decade, according to an investigation by The Australian Financial Review. Last year Apple reported pretax earnings in Australia of only $88.5Πmillion after it sent an estimated $2...

Lantheus Medical Imaging Inc. and its former parent company Bristol-Myers Squibb a medical imaging company that made millions of dollars' worth of sales in New York knowingly evaded New York State and City taxes according to the NY Attorney General. Those companies have agreed to pay $6.2 million to resolve the assertions....

Attorney General Eric T. Schneiderman won a major victory today in the first of its kind lawsuit against Sprint-Nextel Corp for deliberately under-collecting and underpaying millions of dollars in New York State and local sales taxes on flat-rate access charges for wireless calling plans. The case was brought under the New York False Claims Act...

Credit Suisse is in the final stages of negotiations with the Department of Justice to pay over $800 million for helping Americans evade income taxes by hiding their money in the Switzerlands banking system. ΠUBS paid $780 million for its wrongdoing already. The US Department of Justice cit a deal with the Swiss banks...

Florida psychiatrist Patricia Hough, who helped to building two Caribbean medical schools is accused of using accounts at UBS AG, the largest Swiss bank and elsewhere to hide income from the IRS to the tune of $34 million according to tax authorities. The case, pending in federal court in Fort Meyers is the largest...

The homes of twenty people holding Swiss accounts with HSBC's private bank were raided today as part of a major investigation into the UK lender's role in helping wealthy people hide their money from tax authorities. The raids took place in Belgium and Antwerp and were for the purpose of gathering information to strengthen...

The U.S. and Switzerland have agreed to allow some Swiss banks to pay fines to avoid or defer prosecution over tax evasion by their U.S. Customers. This includes 100 banks which may have to disclose previously hidden information. UBS Switzerland's largest bank reached a $780 million settlement with U.S. authorities in 2009 after admitting it...