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Facebook Expat is Latest Billionaire Without Borders
Posted May 17, 2012 by TaxAnalysts®
If you tax them, they will leave. That's the message initial Facebook investor, billionaire Eduardo Saverin, inadvertently sent when he handed in his U.S. passport and jumped through the required tax hoops to renounce his U.S. citizenship. Aft…
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View all the federal, state and international tax news headlines for May 17th from TaxAnalysts® on LexisNexis Tax Center
Posted May 17, 2012 by TaxAnalysts®
View all the federal tax news headlines for May 17th from TaxAnalysts® on LexisNexis Tax Center
View all the state tax news headlines for May 17th from TaxAnalysts® on LexisNexis Tax Center
View all the international tax news headlines for May …
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Banking Groups Seek Delay of FATCA Regs, Greater IRS Flexibility
Posted May 16, 2012 by TaxAnalysts®
Financial industry stakeholders and their representatives came from around the world to an IRS hearing in Washington on May 15, urging that the Service carefully tailor the proposed regulations (REG-121647-10) under the Foreign Account Tax Compliance A…
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Illinois DOR to Appeal ‘Amazon’ Case Directly to State Supreme Court
Posted May 16, 2012 by TaxAnalysts®
The Illinois Department of Revenue will directly appeal to the Illinois Supreme Court a circuit court judge's ruling that the state's "Amazon" law is unconstitutional, according to the state's lead attorney on the case. Assis…
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Portuguese Parliament Approves 2012 Amending Budget
Posted May 16, 2012 by TaxAnalysts®
The 2012 amending budget presented by the Portuguese government has been approved by the parliament and was published as Law 20/2012 on May 14. The government has also presented a new fiscal strategy document for 2012 through 2016 that aims to promote …
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Portuguese Parliament Approves 2012 Amending Budget
Posted May 16, 2012 by TaxAnalysts®
The 2012 amending budget presented by the Portuguese government has been approved by the parliament and was published as Law 20/2012 on May 14. The government has also presented a new fiscal strategy document for 2012 through 2016 that aims to promote …
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View all the federal, state and international tax news headlines for May 16th from TaxAnalysts® on LexisNexis Tax Center
Posted May 16, 2012 by TaxAnalysts®
View all the federal tax news headlines for May 16th from TaxAnalysts® on LexisNexis Tax Center
View all the state tax news headlines for May 16th from TaxAnalysts® on LexisNexis Tax Center
View all the international tax news headlines for May …
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View all the federal, state and international tax news headlines for May 16th from TaxAnalysts® on LexisNexis Tax Center
Posted May 16, 2012 by TaxAnalysts®
View all the federal tax news headlines for May 16th from TaxAnalysts® on LexisNexis Tax Center
View all the state tax news headlines for May 16th from TaxAnalysts® on LexisNexis Tax Center
View all the international tax news headlines for May …
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Taxing the London Whale
Posted May 15, 2012 by Howard Gleckman
Now that a once-obscure J.P. Morgan Chase derivatives trader named Bruno Iksil has become infamous as the London Whale, I suppose it is time to ask whether what he does should be subject to new taxes. The question predated Mr. Iksil’s misadventures, of course. Ever since the U.S. financial crash of 2008 and the beginnings of [...]
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Supreme Court Denies Certiorari in Tax Evasion, FICA Tax Refund Cases
Posted May 15, 2012 by TaxAnalysts®
The Supreme Court on May 14 denied certiorari both to an individual challenging his tax evasion and failure-to-file conviction and to a group of individuals and their corporate employer who were seeking review of the denial of their FICA tax refund cla…