Tag: tax avoidance
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From the Tax Law Offices of David W. Klasing – The Difference Between Tax Avoidance vs. Tax Evasion
IRVINE, Calif., Feb. 7, 2025 /PRNewswire/ — Federal tax law attempts to delineate a very clear distinction between tax avoidance, which can at worst only expose the Tax Practitioner and his or her client to potential civil tax penalties, and tax evasion, for which criminal tax penalties may apply to all parties concerned. The Supreme Court in Gregory…
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U.S. PIRG Statement on Treasury Rule to Limit Corporate Tax Avoidance
Statement from U.S. PIRG advocate Michelle Surka on new Treasury Department rule to limit multinational corporate tax avoidance: “We applaud the step the Treasury Department has taken to curb the epidemic of corporate tax avoidance. Based on early analysis, the new rule introduced by the Treasury could recover close to $600 million worth of federal…
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World Bank and IMF: Where do they stand on progressive and responsible taxation?
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries. However, their approach needs to go much further to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues. The World Bank and the IMF…
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Tax Mitigation vs. Tax Evasion
Most of the bad word of mouth associated with offshore investment, tax havens and the like involves an interchange of the phrases ‘tax mitigation’ and ‘tax evasion’. As the focus of tax law in the United States and elsewhere turns to tightening a grip on ‘lost’ revenue from offshore investment holders (a seemingly punitive series…
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About personal tax avoidance
By Bill Cara – All the economic powers of the world are high rate income tax jurisdictions. Without lots of your money they wouldn’t have as much power. The United States is the only major country in the world that taxes its citizens globally, wherever they reside, in or out of the USA. Unlike citizens…