Ireland's Tax Change may Cost US Multinationals Billions of Dollars

Ireland's announcement that it was closing the tax loophole that allowed companies from the US and other countries to seek tax shelters in the Emerald Isle may have come as welcome news for administrators, but it will not be easy on US companies…

Jenkins' Election Campaign in West Virginia Maligns Democratic Candidate in TV Ads

Pre-election fights in West Virginia have become very taxing. Literally! Republican candidate Evan Jenkins has come out with two ads that show Rep. Nick Rahall as the person responsible for higher electric rates in the state. The ads also imply…

Instead of Crying Wolf, Obama Administration should Consider Reforms to Stop Tax Losses

Taxation, as many population studies have proved, is a marvelous behavior modifier. The growing trend of tax inversion in the US also proves this point. Companies in the US have had to face higher taxes than anywhere else and many are moving…

Maryland Gives its Wealthy Citizens a much-needed Tax Break

Election wars can get really nasty, and Maryland is seeing this front and center. In Maryland, Republican candidate Larry Hogan has been gaining many eyeballs with his television ad declaring that if they could, more than half of Maryland residents…

AbbVie Shelves Shire Acquisition after Board Rejects Tax Inversion Plan

The board of the North Chicago based biopharmaceutical firm AbbVie (ABBV) has recommended that shareholders shelve their plans to go ahead with a tax inversion strategy. The company has been in the news lately as one among many companies pursuing…

Tennessee to Vote for Permanent Ban on Income Tax

One of the important issues Tennesseans face on Election Day is whether to vote in favor of or against an amendment in the state constitution to ban income and payroll taxes. According to some tax attorneys, even if the resolution fails, the…

Ireland Comes Out of an Economic Downslide; New Rule to Outlaw Tax-Inversions

Ireland has come under much fire in recent times for its tax laws that have helped American companies change their tax domicile and enjoy lower taxes in the land of leprechauns. On Tuesday however, the country sought to redeem itself in the…

China Imposes Tax on Coal Imports which Only Hurts Competition and Innovation

China's decision to impose a coal tariff on all its imports starting Wednesday could spell negative impacts for producer's operations, especially those businesses that are working immediately in the world's second-largest economy. The recent…

Amazon.com Moves to Reno; Earns Tax Breaks for New Site

A state panel in Carson City has voted to give tax breaks to Amazon.com for its new distribution center in Reno. Goodbye California, you just cannot compete. The decision is a welcome win for the company's tax attorneys who had been lobbying…

New Haven Couple Plead Guilty to Tax and Bankruptcy Fraud

Jason Sheehan, 41, and his wife Glorvina Constant, 35, of New Haven, face a maximum prison term of 15 years and 5 years respectively after pleading guilty to federal tax and bankruptcy fraud. US Attorney Deirdre Daly alleged that Sheehan looted…