Alexion Pharma Moves Headquarters to Ireland

In a trend that has pleased Wall Street investors; many companies formerly based in the U.S. are moving overseas to avoid paying the high corporate taxes. The latest company to do so is Alexion Pharma that is moving to Ireland. This will reduce…

Senators Aim to Curb Tax Exemptions for Major Pro Sports Bodies

The U.S. government is continuing to find ways of increasing revenue because it cannot control its spending and because it is $18,000,000,000,000 with no end in sight. One such move is a proposal by some senators to do away with tax exemptions…

Oklahoma’s Capital Gains Tax Statute Challenged in Court

An attorney representing a business has argued in the Oklahoma Supreme Court that the state’s capital gains tax law violates the Commerce Clause of the U.S. Constitution as it treats out-of-state companies differently. Grab that Refund Even…

Tax-Free Gifts Multiplied to Take Advantage of an IRS Exemption

The U.S. had raised the tax free limit for gifts as a temporary measure and many wealthy individuals took advantage of this to make gifts that will enable their heirs to avoid paying an estate tax later. The tax free gifts are doubly advantageous…

Fiat-Chrysler to have UK Tax Residency, Listed on NYSE

News reports suggest that the new Fiat-Chrysler will have a UK tax residency and list on the NYSE in a bid to avoid paying a withholding tax on dividends before distributing them even as it benefits from the NYSE visibility to raise more capital. The…

Bill Gates Favors Higher Personal Tax Rates in the U.S. Despite Americans Sick of High Taxes

Many people in the world are worried about the revenue deficit facing the U.S. government and the need to increase educational and healthcare facilities in the country. But many other people are not and realize that the federal government is…

Credit Suisse in Possible $800 M Deal with U.S. Over Tax Dodging

Swiss banking major Credit Suisse is likely to finalize an $800 million deal with U.S. authorities to settle charges of helping wealthy Americans dodge taxes. The bank had already made a $324 million provision three years ago for settlements…

Tax Attorneys Wonder About the Merit of the FATCA

The Foreign Account Tax Compliance Act (FATCA) is slated to be implemented in July of 2014, and tax attorneys are starting to delve into the merits of the Act. Their curiosity about the Act was prompted by a recent political development in the…

U.S. FATCA Applies to Green Card Holders, Citizens

In a bid to increase tax revenues and account for offshore accounts the U.S. has decided to implement the Foreign Account Tax Compliance Act from July of 2014. This Act will make it compulsory of U.S. citizens as well as Green Card holders to…

U.S. Tech Firms Try to Stop Tax Avoidance Reforms

Prominent U.S. tech firms such as Google, Apple, and Amazon have written to the G20 to try and put off the global tax reforms that will plug loopholes that permit digital firms from avoiding corporate taxes. The tech firms as part of the Digital…