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Senators plan laws to target offshore tax evasion - USA Today
Senate Finance Committee leaders announced plans for new laws against offshore tax evasion Thursday after a new federal report found American ties to thousands of firms registered in the Cayman Islands. Sens. Max Baucus, D-Mont., and Charles Grassley ...
Read more...Appeals court upholds financial advisor Wade Cook's tax conviction - Seattle Post Intelligencer
A federal appeals court on Thursday upheld the income tax-evasion conviction of Wade Cook, a local financial advisor who in August was sentenced to 88 months in federal prison and ordered to pay $3.8 million in back taxes. In a five-page opinion, a ...
Read more...Senators urge crackdown on overseas tax havens - Seattle Times
Senators on a key tax panel demanded a crackdown on offshore tax havens in the wake of a new report that one building in the Cayman Islands is used as a business address for more than 18,000 companies. Congressional scrutiny of the offshore tax ...
Read more...Anti-avoidance measures dropped - Financial Times
Controversial anti-avoidance proposals first put forward by ministers last year have been dropped, it emerged this week, writes Vanessa Houlder . The government said certain elements of the changes, including the tax treatment of intellectual ...
Read more...Macau, tax benefit fuel Wynn profit rise - Marketwatch
CHICAGO (MarketWatch) -- Brisk business in Macau and a tax benefit helped lift Wynn Resorts to sharply higher profit in the second quarter even as the economic downturn dragged down revenue at its Las Vegas property, the company said Thursday. The ...
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