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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: tax shelter

tax shelter stories: 5 news summaries

(Newser) - Swiss bank UBS AG has agreed to a settlement with the US to resolve a lengthy tax evasion probe, the Wall Street Journal reports. The details are currently under wraps, as the final documents await signatures. UBS will likely hand the IRS the names of  8,000 to 10,... More »

MORE ABOUT:
Department of Justice • Switzerland • UBS • tax evasion • lawsuit • tax shelter

 Tax Deal Derailed 
 DC Train Upgrade 

Outlawed tax shelter scheme blamed for lack of modern safety features

Jun 26, 09 6:17 AM CDT
(Newser) - Safer cars might have saved lives in Monday's DC train crash, but a tax-dodge deal made with a bank prevented the transit authority from replacing aging stock until 2014, the Wall Street Journal reports. The National Transportation Safety Board urged the authority years ago to either replace its older cars... More »

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Washington DC • Washington Metro • tax breaks • train crash • tax shelter

 Big Biz, Dems Rebel 
 on Offshore Tax Reforms 

Business groups and lawmakers worry about effect on US competitiveness

May 5, 09 12:00 PM CDT
(Newser) - President Obama’s plan to crack down on the tax practices of US-based multinationals has elicited much squawking from business groups and lawmakers who fear it may limit the competitiveness of American firms, the Hill reports. Even Democrats have greeted Obama’s proposals with trepidation: “I want to make... More »

MORE ABOUT:
Barack Obama • Democrat • corporate tax • big business • tax haven • Obama administration • tax shelter

Firms Fight Overseas Tax Changes Worth Billions

Last year's sheltered earnings could have brought US $20B

Apr 22, 09 11:10 AM CDT
(Newser) - Overseas tax reform plans in the works under President Obama would put a serious squeeze on top firms, which under current law can store foreign income abroad indefinitely, reports the Wall Street Journal. Ten of the biggest companies earned $58 billion in 2008 that’s now sheltered overseas—money that... More »

MORE ABOUT:
taxes • Treasury Department • tax haven • Obama administration • President Obama • tax shelter

Rangel Saved Loophole that Aided $1M Donor

Oil-drilling company helped finance NY rep's legacy project

Nov 25, 08 11:27 AM CST
(Newser) - As questions swirl over the methods Charles Rangel used to raise funds for a school in his name, a New York Times investigation finds that the New York representative and chair of the House Ways and Means committee fought to save a tax loophole that benefited one of the school's... More »

MORE ABOUT:
school • Charles Rangel • corporate tax • loopholes • political scandal • fundraising • tax shelter

5 Stories


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