tax avoidance

5 Stories

IRS Commish to Rich Tax Cheats: Pay Up

Danny Werfel says agency is taking new measures to make sure everyone pays their fair share

(Newser) - IRS Commissioner Danny Werfel has a message for high-wealth tax cheats who are shorting the government: Pay your fair share so "others aren't shouldering the burden of funding our government." Werfel, who hits the one-year mark at the helm of the IRS this month, said in a...

Big Trial Begins for Trump's Business Empire
A Look at
the Stakes
as Trump
Trial Begins
the rundown

A Look at the Stakes as Trump Trial Begins

Trump Organization (but not the ex-president) faces criminal charges of tax avoidance

(Newser) - One of the legal issues Donald Trump has been embroiled in comes to a head on Monday in New York State Supreme Court in Manhattan. Jury selection begins in a trial to determine whether the former president's family business empire ran afoul of tax laws. The notable part here:...

Leak Reveals Offshore Secrets of Queen, Celebrities

Trump officials also named in 'Paradise Papers'

(Newser) - A massive leak of internal documents from Bermuda-based law firm Appleby has exposed the financial secrets of many of the world's elites—but while it may cause many tough questions to be asked, no evidence of law-breaking has surfaced. The "Paradise Papers" leak of 13.4 million records...

The Drug Costs $95K. Its Maker 'Dodged' $10B in Taxes

Gilead Sciences' Hep C treatment can run $94,500

(Newser) - A pharmaceutical company that has in recent years made billions of dollars on hepatitis C treatments—the three the FDA has approved range from $75,000 to $94,500 —has been named a "price gouger" and "tax dodger" in a new report . Gilead Sciences, the sixth richest...

Apple Kept Billions Out of IRS' Reach: Probe

Though tax havens and subsidiaries

(Newser) - A Senate inquiry into Apple has accused the company of keeping billions out of the reach of the IRS through tax havens and a complex network of overseas subsidiaries. The company runs its non-American operations through affiliates based in Ireland, which has a low tax rate. However, investigators say many...

5 Stories