| 单词 | tax shelter |
| 例句 | The personal foundations of celebrities are dependent on the good name of their founder for a reason: they elevate his or her reputation and provide a plump tax shelter as well. When #MeToo Infamy Taints Your Famous Benefactor 2018-04-02T04:00:00Z The son of a bookie who took bets for the Mafia, Mr. Kuller went on to become, according to the New York Times, “a major player in corporate tax shelters.” Mark Kuller, former tax lawyer who opened acclaimed restaurants in D.C., dies at 61 With neither Rales willing to explain the vision, Valdez spent considerable space questioning whether Glenstone was simply a rich guy’s tax shelter. Meet the very wealthy, very private couple behind Washington’s most original museum 2018-09-21T04:00:00Z Soon after recognizing the iPhone as a milestone, Mr. Gibney surveys Apple and Mr. Jobs’s less savory activity: backdated stock options, huge overseas tax shelters, scandalous Chinese factories and retaliatory police investigations. Review: Different Thinking About Steve Jobs, the Man Behind Apple 2015-09-03T04:00:00Z Were corporations looking for tax shelters the first way this kind of work-around happened? When citizenship can be bought and sold: Atossa Araxia Abrahamian talks to Sasha Frere-Jones 2016-01-02T05:00:00Z More likely, it was someone in the vast gap between these extremes, perhaps someone with vast sums of money stashed in a Swiss bank account or a dubious tax shelter. The Coy Art of the Mystery Bidder 2010-05-08T18:32:00Z “Because I now knew a lot about things such as tax shelters and depreciation, I was able to start financing movies.” Once a ‘Mystery Science Theater’ In-Joke, Now Playing Comedy Clubs 2017-08-16T04:00:00Z I’ve been at seminars where “experts” have openly encouraged people to use a business as a tax shelter. Advice | Fear an IRS audit? Here are six alarms that trigger the system. 2023-03-10T05:00:00Z Among Hindenburg’s central accusations is that the conglomerate inflated its companies’ share prices through a maze of offshore tax shelters. Investors Cheer Meta’s Slimmed-Down Ambitions 2023-02-02T05:00:00Z Background: Hindenburg Research, a U.S.-based short seller, has accused the group of running “a brazen stock manipulation and accounting fraud scheme” in part through offshore tax shelters. Your Thursday Briefing: Rising Militancy in Pakistan 2023-02-01T05:00:00Z “It’s really about fueling Mr. Chouinard’s political causes while still retaining control of the company, and creating a tax shelter for his heirs in the process.” Patagonia owner giving away company for climate change avoids $700M tax hit 2022-09-19T04:00:00Z He noted that the current system had created opportunities for tax shelters and allowed companies to take losses for tax purposes that do not show up on their financial statements. Democrats Eye a Major Shift in How Corporations Are Taxed 2022-08-06T04:00:00Z At least one EY official, too, expressed concern that the tax shelter his colleagues had designed was overly aggressive. Officials Balked at a Drug Company’s Tax Shelter. Auditors Approved It Anyway. 2022-07-07T04:00:00Z R.M.D. rules for account owners as well as inheritors are intended to prevent retirement accounts from becoming tax shelters for inherited wealth. When You’re Forced to Cash Out in a Bearlike Market 2022-06-12T04:00:00Z The island of Jersey, a British Crown dependency that has long served as a tax shelter for the wealthy, froze an estimated $7 billion in Abramovich accounts on April 12. Oligarch’s effort to broker peace falters even as it shields him from sanctions 2022-05-05T04:00:00Z End the secrecy and piracy of tax shelters and shell companies, and we end a major source of their power. Opinion | Get the cash, not the yachts, and ask for peace 2022-03-23T04:00:00Z Last year, a new leak of files from companies specializing in offshore tax shelters, called the Pandora Papers, showed that the woman said to be Putin’s lover had acquired the apartment in Monaco. Officially, Putin earns $140k a year. So where does $1B ‘Putin Palace’ come from? 2022-02-26T05:00:00Z By all means: Let’s invest in helping the IRS identify tax shelters, offshore havens and deliberate cheats. Opinion | Get ready for a tax season from hell 2022-01-13T05:00:00Z Today, the nation's richest employ what are aptly known as dynasty trusts, tax shelters designed to allow them to avoid estate taxes not just for three generations, but for the next 1,000 years. The Great Inheritors: How three families shielded their fortunes from taxes for generations 2021-12-18T05:00:00Z Where is the ethics in Congress that would turn a blind eye to the tax shelters of the wealthy? Congress: ‘Where is the ethics?’ 2021-11-05T04:00:00Z For many years, big international companies have booked profits in overseas tax shelters, skipping out on paying their share of taxes in the countries in which they operate. Opinion | Don’t let politics derail a landmark international achievement. Pass global minimum tax reform. 2021-10-14T04:00:00Z Philanthropy has a reputation problem because it has been “abused” as a tax shelter by too many wealthy donors, said Alexander-Young, who previously served as vice president for strategy and equity at the Meyer Foundation. Foundations back new effort to ignite Americans’ generosity 2021-10-14T04:00:00Z Somewhere in Serbia, or maybe at his adopted home/tax shelter in Monte Carlo, Novak Djokovic is tearing his hair out. Commentary: Grigor Dimitrov stuns Daniil Medvedev, proving the Russian giant-killer can be bested 2021-10-13T04:00:00Z Over the past several decades, Ireland has served as a tax shelter for many large tech companies, thanks to its low corporate tax rate. Ireland’s status as tax haven for tech firms like Google, Facebook, and Apple is ending 2021-10-07T04:00:00Z One of the men who wrote the letter was Ari Berk, a tax lawyer for Deloitte, among the leading designers of the tax shelters. How Accounting Giants Craft Favorable Tax Rules From Inside Government 2021-09-19T04:00:00Z First elected to the Senate in 1978, Levin represented Michigan longer than any other senator, targeting tax shelters, supporting manufacturing jobs and pushing for military funding. Ex-Sen. Levin, Michigan’s longest-serving senator, has died 2021-07-29T04:00:00Z Surely, that would prevent the superrich from gaming the system to use Roths as tax shelters. How Peter Thiel turned a retirement account for the middle class Into a $5B tax-free piggy bank 2021-06-25T04:00:00Z Another agent said the purpose of large partnerships seemed to be making “it difficult to identify income sources and tax shelters.” Private Inequity: How a Powerful Industry Conquered the Tax System 2021-06-12T04:00:00Z Hence the party's eternal drive to reduce taxes for the plutocrats, whether income taxes, inheritance taxes or allowing all sorts of tax shelters in quite a few U.S. states. Why U.S. Republicans are now adopting Putin-style "managed" democracy 2021-04-06T04:00:00Z From their government posts, many of the industry veterans approved loopholes long exploited by their former firms, gave tax breaks to former clients and rolled back efforts to rein in tax shelters — with enormous impact. How Accounting Giants Craft Favorable Tax Rules From Inside Government 2021-09-19T04:00:00Z Now PwC, with a long history of setting up Irish tax shelters for multinational companies, returned to Bristol Myers’s good graces. An Accidental Disclosure Exposes a $1 Billion Tax Fight With Bristol Myers 2021-04-01T04:00:00Z Thiel's unusual stock purchase risked running afoul of rules designed to prevent IRAs from becoming illegal tax shelters. How Peter Thiel turned a retirement account for the middle class Into a $5B tax-free piggy bank 2021-06-25T04:00:00Z He previously was the national tax director at EY, formerly Ernst & Young, when the firm was marketing illegal tax shelters that led to a federal criminal investigation and a $123 million settlement. Private Inequity: How a Powerful Industry Conquered the Tax System 2021-06-12T04:00:00Z Factoring in underreporting from overseas tax shelters and pass-through businesses alone, the authors produced an estimate of the true distribution of tax evasion in the United States. The richest 1 percent dodge taxes on more than one-fifth of their income, study shows 2021-03-26T04:00:00Z He spent 28 years at EY, rising to national tax director during the period when the firm marketed illegal tax shelters, leading to a $123 million settlement with the Justice Department. How Accounting Giants Craft Favorable Tax Rules From Inside Government 2021-09-19T04:00:00Z Factoring in underreporting from overseas tax shelters and pass-through businesses alone, the authors produced an estimate of the true distribution of tax evasion in the U.S. The richest 1% dodge taxes on more than one-fifth of their income, study shows 2021-03-26T04:00:00Z About a decade after the creation of the Roth, Congress made it even easier to turn the accounts into mammoth tax shelters. How Peter Thiel turned a retirement account for the middle class Into a $5B tax-free piggy bank 2021-06-25T04:00:00Z “If you look at what Trump has done, he stretched the law beyond recognition,” said Steven M. Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center who once created tax shelters for the rich. There’s a Way Biden Can Raise More From the Rich Without Higher Taxes 2020-12-22T05:00:00Z In 2013 the Associated Press called it "a notorious tax shelter." Kelly Loeffler marketed derivatives during Great Recession at world's most notorious tax haven 2020-11-21T05:00:00Z The recent demise of real estate tax shelters, part of a landmark 1986 overhaul of the tax code, was “an absolute catastrophe for the country,” Mr. Trump testified to Congress that day in November 1991. How a Century of Real-Estate Tax Breaks Enriched Donald Trump 2020-10-30T04:00:00Z Generally, these efforts save $2 in taxes for every $1 paid in to the tax shelter, according to the Senate report. Wealthy investors seem to be exploiting land-conservation tax breaks, and the Senate is taking notice 2020-10-23T04:00:00Z They even filed a complaint with the DOJ in January 2019, asking for an investigation where her and Jared were profiting over tax shelters they were working on for the federal government. Kamala Harris' chief of staff on how Joe Biden can "change the direction of this country" 2020-10-24T04:00:00Z In separate, more recent cases, the U.S. attorney's office in Manhattan prosecuted two other CPAs who worked at the firm for their involvement in illegal tax shelters. Meet the shadowy accountants who do Trump’s taxes and help him seem richer than he is 2020-05-08T04:00:00Z More recently, Loeffler and Sprecher appear to have tapped another tax loophole for themselves, in the form of a provision in President Trump's 2017 tax bill that turns private jets into flying tax shelters. Kelly Loeffler marketed derivatives during Great Recession at world's most notorious tax haven 2020-11-21T05:00:00Z Depreciation is the ultimate tax shelter, critics say, because it permits real estate investors to take deductions for spending other people’s money. How a Century of Real-Estate Tax Breaks Enriched Donald Trump 2020-10-30T04:00:00Z “Certainly with those kind of numbers there are no tax shelters that are involved in this.” California governor reports $1.2 million income in 2018 2020-03-07T05:00:00Z Such establishments, often viewed by skeptics as vanity projects or tax shelters, have mushroomed in recent years. Inside the Marciano Art Foundation's spectacular shutdown 2020-02-16T05:00:00Z The pair specialized in buying and selling historic properties as tax shelters, but the business collapsed after disgruntled investors sued them over alleged fraud and securities violations. Trump lawyer blurs lines between charity and profit 2020-01-30T05:00:00Z These changes, plus firms’ embrace of limited partnerships, a legal structure that offered further tax shelters and protected passive investors, brought financial growth to the community that the incentives had founded. Is Venture Capital Worth the Risk? 2020-01-20T05:00:00Z And you genuinely have to stretch and warm up to imagine how much money there is just sitting around, metastasising in tax shelters and unoccupied Mayfair flats. Take it from an American – the NHS is a marvel. You must vote to save it | Rob Delaney 2019-12-04T05:00:00Z The investments of the wealthy are parked all over the world in everything from exotic tax shelters to real estate and works of art. Warren doesn't just frighten billionaires – she scares the whole establishment | Robert Reich 2019-11-17T05:00:00Z Shrouding fortunes was the work of meticulous professionals; when Zucman and colleagues traced this wealth through tax shelters, they found it often was finally invested in ordinary stocks and bonds. The French Economist Who Helped Invent Elizabeth Warren’s Wealth Tax 2019-10-19T04:00:00Z “While entertaining and largely comedic, it is intended to bring attention to the abuse of offshore shell corporations and tax shelters, and it is an indictment of the legal system that permits them,” Netflix said. Netflix moves to shut down lawsuit over Panama Papers film The Laundromat 2019-10-17T04:00:00Z “There has always been a tax shelter industry in America,” he said. I.R.S. Offers Deal to Small Insurance Companies Under Scrutiny 2019-09-20T04:00:00Z “It’s very difficult technically to pull off without creating a whole bunch of tax shelters and inefficiencies.” White House still considering tax cut bypassing Congress that Trump seemed to rule out last week 2019-08-30T04:00:00Z For much of the 1950s, it was above 90% — although, like today, most rich people used a variety of techniques to lower their tax bills, such as tax shelters and offshore accounts. Column: Trickle-down theory is a monstrous lie intended to justify the rich getting richer 2019-08-20T04:00:00Z She also vowed to "end foreign tax shelters by taxing offshore corporate income at the same rate as domestic corporate income." Kamala Harris unveils Medicare for All plan — but critics contend it isn't really "for all" 2019-07-29T04:00:00Z The former California attorney general said she would also end foreign tax shelters by taxing offshore corporate income at the same rates as they’re taxed in the U.S. Harris unveils Medicare-for-all plan that doesn't raise middle class taxes, ahead of debates 2019-07-29T04:00:00Z The report’s authors also debunked Trump’s claim that money was being repatriated from offshore tax shelters. GOP tax cut bill had nearly no effect on growth, GDP or wages 2019-05-30T04:00:00Z Sometimes considered “tax shelter” . . . you would get it by building, or even buying. Donald Trump’s Business Failures Were Very Real 2019-05-10T04:00:00Z “Much was non monetary. Sometimes considered ‘tax shelter.”’ Trump complained about Amazon's tax breaks — even as he used them himself 2019-05-08T04:00:00Z Trump, unsurprisingly, took to Twitter to defend himself, saying that he used shady write-offs as a "tax shelter" and that "it was sport" to "show losses for tax purposes" and "re-negotiate with banks." Cheater in chief: Donald Trump thinks playing by the rules is for losers 2019-05-08T04:00:00Z "You always wanted to show losses for tax purposes," Trump said in a morning tweet, saying that "almost all real estate developers" used this as a "tax shelter." Trump blasts 'hit job' New York Times report on losses in tax returns 2019-05-08T04:00:00Z That began to change in the early 2000s, after Congress and the agency uncovered widespread use of abusive tax shelters by the rich. The IRS tried to take on the ultrawealthy. It didn’t go well. 2019-04-06T04:00:00Z He was an author of a law that clamped down on companies and individuals using offshore tax shelters, forcing Russians to return their funds to the motherland. He Played by the Rules of Putin’s Russia, Until He Didn’t: The Story of a Murder 2019-02-05T05:00:00Z One piece of that package was a proposal that a critical Los Angeles Times editorial said “would carve out a new tax shelter for start-up businesses”. Beto O’Rourke frequently voted for Republican legislation, analysis reveals 2018-12-20T05:00:00Z Plank, a World War Two bomber pilot and graduate of Yale, began as a bookkeeper and tax advisor in Minneapolis helping wealthy investors with tax shelters in the oil and gas business. Raymond Plank, former CEO of oil explorer Apache, dies at 96 2018-11-09T05:00:00Z Others cried foul over expanding health savings accounts, saying they amount to a “tax shelter” for the well-heeled. Susan Collins writes bill to ban gag clauses at pharmacy 2018-07-25T04:00:00Z In the 2006 Senate race, Republican Sen. Jim Talent ran an ad accusing Shepard and McCaskill of using an insurance company based in the Bahamas as a tax shelter, which they denied. GOP again criticizes Sen. McCaskill over personal wealth 2018-06-28T04:00:00Z It ruled that the provision amounted to a "judicially created tax shelter" that put some companies at an advantage. US court backs states over web sales tax 2018-06-21T04:00:00Z Trump’s attacks on Amazon date to 2015, when he accused Bezos of using The Post as a tax shelter to allow Amazon to avoid paying taxes, a false accusation. Trump personally pushed postmaster general to double rates on Amazon, other firms 2018-05-18T04:00:00Z Trump's attacks on Amazon date to 2015, when he accused Bezos of using The Post as a tax shelter to allow Amazon to avoid paying taxes, a false accusation. Trump personally pushed postmaster general to double rates on Amazon, other firms 2018-05-18T04:00:00Z What if Apple employees insisted that the company stop parking billions of dollars in offshore tax shelters, or Amazon engineers threatened to quit unless the company paid its warehouse workers higher wages? Workers of Silicon Valley, It’s Time to Organize 2018-04-25T04:00:00Z It also provided tax shelters and a structure for preserving the company intact after Mr. Kamprad’s death. Ingvar Kamprad, Founder of Ikea and Creator of a Global Empire, Dies at 91 2018-01-28T05:00:00Z And Justice Neil M. Gorsuch criticized the “physical presence” rule when he was an appellate judge in Colorado, calling it a “sort of judicially sponsored tax shelter” for online sellers. With billions at stake, Supreme Court urged to revisit ruling shielding internet purchases from sales tax 2018-01-04T05:00:00Z These defy description, will baffle people for years, and will spawn quite a few tax shelters. Almost Everything Is Wrong With the New Tax Law 2017-12-27T05:00:00Z Because the minimum tax is calculated on a global basis, it also does little to counter the appeal of tax shelters, they said. Will Trump's plans trigger a tax war? 2017-12-19T05:00:00Z That is a powerful incentive to search for tax shelters. GOP proposing big departure: same income, different tax rates 2017-12-09T05:00:00Z The Panama Papers document upward of $20 trillion hidden in a dark labyrinth of shell companies and other tax shelters over the past 40 years. Millions, Billions, Trillions: How to Make Sense of Numbers in the News 2017-11-24T05:00:00Z Mr. Shay said accounting firms were likely to start marketing off-the-shelf tax shelters allowing companies to set up foreign offices in low-tax countries like Bermuda or Luxembourg to shrink their tax bills. Haste on Tax Measures May Leave a Trail of Loopholes 2017-11-13T05:00:00Z They want to take away our health insurance, take away our medical expense deductions, and take their own money to tax shelters so they can pay nothing. Ending Medical Tax Break Could Be a ‘Gut Punch’ to the Middle Class 2017-11-08T05:00:00Z Democrats in Washington should enter into the Congressional Record, with the utmost publicity possible, every "Paradise Papers" investigative article on secret, off-shore tax shelters, now being published by The Times. Republican Plan Would Raise Taxes on Millions 2017-11-06T05:00:00Z In building Apple’s new tax shelter, Appleby served as something of a general contractor. After a Tax Crackdown, Apple Found a New Shelter for Its Profits 2017-11-06T05:00:00Z The details on the donors were uncovered in a trove of nearly 7 million leaked files from the offshore law firm Appleby, a Bermuda-based law firm that helps businesses and wealthy individuals find tax shelters. Documents: Top political donors used offshore tax loopholes 2017-11-07T05:00:00Z “They’re just opening us up to the next round of tax shelters on the international side,” he said. Haste on Tax Measures May Leave a Trail of Loopholes 2017-11-13T05:00:00Z Attack tax shelters. The most powerful driver of change in 1986 was stories about corporations reporting huge profits to shareholders on their 10-K and then paying no taxes. Perspective | Lawrence Summers: What I do support in a new tax plan 2017-10-25T04:00:00Z However, Mr. Miller says he is unconvinced that Republicans will install adequate protections against corporations storing their profits in offshore tax shelters. Right and Left React to the Republican Push to Cut Taxes 2017-10-27T04:00:00Z Early in the year, federal prosecutors began looking at the tax shelters designed by Quellos Investments, a well-known Seattle money-management outfit. Little did we know, 10 years ago this month, that the economy was about to start crumbling 2017-10-14T04:00:00Z That would eliminate a host of tax shelters that capitalize on the differential, including special treatment for carried interest, a form of income for many wealthy hedge fund and private equity managers. Tax Reform for the Rich: Reduce the Rates but Lose the Breaks 2017-09-21T04:00:00Z “They heard the word tax shelter and they thought the word tax shelter was a bad thing,” Mr. Trump said. null 2017-08-16T04:00:00Z Ironically, she noted, “they serve as great tax shelters” for well-to-do Americans. Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan 2017-07-25T04:00:00Z David Kautter was director of Ernst & Young LLP’s national tax practice when the firm was selling sophisticated tax shelters to business owners. Trump Tax Policy Nominee Regrets Previous Stance on Aggressive Shelters 2017-07-18T04:00:00Z He mentions various structural enablers of gargantuan fortunes, from tax shelters to weak securities laws and corporate pressure to cut taxes and shrink regulation. Philanthropy: The politics of giving : Nature : Nature Research 2017-04-04T04:00:00Z In “Positively American,” he offered policy proposals that included a tax deduction for college tuition, a crackdown on the use of questionable corporate tax shelters, and better enforcement of laws against hiring illegal immigrants. Can Chuck Schumer Check Donald Trump? 2017-03-20T04:00:00Z Other big paydays followed, attracting the attention of federal investigators during a wider probe of wealthy individuals’ use of offshore tax shelters. He believed in 'Power Rangers' when nobody else did, and it turned him into a billionaire 2017-03-19T04:00:00Z In 1971, Bob bought a half-ownership in the Virginia Squires American Basketball Association franchise — as a tax shelter on the advice of a Philadelphia attorney. Perspective | The dentist who became one of the richest people in Washington 2017-03-10T05:00:00Z I was not involved in the decision to get involved in tax shelters... Trump Tax Policy Nominee Regrets Previous Stance on Aggressive Shelters 2017-07-18T04:00:00Z “How is expanding a tax shelter for the wealthy going to help lower-income people pay the higher deductibles under their plan?” House Republicans beg court for more time to resolve Obamacare case 2017-02-21T05:00:00Z With that rallying cry, I expected TaxAct to show me tax shelters or help me set up offshore accounts. Tax Software: The Basics Work, but Peace of Mind Costs Extra 2017-02-17T05:00:00Z The mayor wants to set up a tax shelter to attract billionaires. Making ‘Portlandia’: Brainstorming, basketball, improv 2017-02-15T05:00:00Z Instead, the high tax credit would be more likely to attract those seeking tax shelters, not those seeking the most urgent public needs or efficient investments. Economists pan infrastructure plan championed by Trump nominees 2017-01-17T05:00:00Z “Have you heard about the latest tax shelter for the super-rich?” Critics Say Trump Appointees Can Dodge a Huge Tax Bill. That’s Not the Case. 2017-01-09T05:00:00Z The company has also opposed crackdowns on tax shelters. Betsy DeVos, Trump’s Education Pick, Plays Hardball With Her Wealth 2017-01-09T05:00:00Z Not all tax shelters were in the real estate industry. Trump personally lobbied Congress to give real estate developers bigger tax breaks 2016-10-06T04:00:00Z "Many deductions that used to apply are still the case in the US - there are more tax shelters." How could Donald Trump have avoided tax? - BBC News 2016-10-04T04:00:00Z Apple is only the latest big global American corporation to use foreign tax shelters to avoiding paying its fair share of U.S. taxes. Robert Reich: Corporate tax deserters shouldn’t get the benefits of being American corporations 2016-09-14T04:00:00Z “I have no sympathy for that. If your business model depends on interest deductibility, that’s not a business, it’s a tax shelter.” If Trump Gets His Way, Real Estate Will Get Even More Tax Breaks 2016-09-01T04:00:00Z I am interested in Mr. Trump’s opinion about whether these workers should be entitled to some of the generous tax shelters that he may use himself. Hold candidates to the same standards as undocumented immigrants 2016-08-30T04:00:00Z Maybe embarrassing foreign tax shelters would be revealed. Voters are still waiting on your tax returns, Mr. Trump 2016-07-19T04:00:00Z In 2003, he went to the Wall Street Journal to protest the IRS’s failure to treat synthetic fuels cases as tax shelters that would cost the government billions of dollars. Is the IRS getting back at an in-house critic? 2016-07-19T04:00:00Z Although he was born rich, is excessively fond of luxury, and never met a tax shelter he didn’t love, Trump doesn’t qualify. This is a Democratic civil war: The Hillary/Bernie rift cuts to the essence of the party’s soul 2016-05-21T04:00:00Z "When they are discussed, they're thought of as a tax shelter, which is true," says Shelby George, senior vice president of advisor services at Manning & Napier, a Fairport, New York, investment manager. The Triple Tax Benefit of Health Savings Accounts 2016-05-16T04:00:00Z Voters would learn whether Trump is taking advantage of certain tax shelters. Trump’s false claim that ‘there’s nothing to learn’ from his tax returns 2016-05-12T04:00:00Z The measures announced on Thursday by the Obama administration, which in most cases have been in the works for years, would try to combat illegal tax shelters with a collection of new tools. Panama Papers Source Offers to Aid Investigators if He’s Not Punished 2016-05-06T04:00:00Z Apple has been criticised over its tax affairs and accused of using tax shelters in Luxembourg and Ireland to protect its revenues, allegations being investigated by the European commission. Apple should pay more tax, says co-founder Steve Wozniak 2016-04-22T04:00:00Z Many people use the offshore world for legitimate purposes, to set up legal tax shelters, shield money from their spouses or business partners or clear the way for international business deals. For U.S. tax cheats, Panama Papers reveal a perilous new world 2016-04-08T04:00:00Z The papers, which shed light on tax shelters for the rich and powerful, continue to put world leaders on edge, the latest being Prime Minister David Cameron of Britain. Your Friday Briefing: Pope Francis, Vladimir Putin, Melissa McCarthy 2016-04-08T04:00:00Z The family members mentioned were listed as owners or shareholders in companies registered offshore that are sometimes known as tax shelters, although no impropriety was implied. The Panama Papers document leak reported by the International Consortium of Investigative Journalists names family members of eight present or past members of China's all-powerful Politburo Standing Committee 2016-04-07T04:00:00Z Iceland’s prime minister, above, resigned and other officials around the world were scrambling after the so-called Panama Papers revealed a network of offshore shell companies and tax shelters. Your Tuesday Evening Briefing: Panama Papers, Donald Trump, N.F.L. 2016-04-05T04:00:00Z Iceland’s prime minister is facing calls to resign after his name appeared in the enormous leak of documents about the offshore tax shelters of some of the world’s most powerful figures. Your Tuesday Briefing: Wisconsin, Panama, Villanova 2016-04-05T04:00:00Z Many people use the offshore world for legitimate purposes, to set up legal tax shelters or clear the way for international business deals. Putin associates had $2 billion in offshore accounts, report says 2016-04-03T04:00:00Z How about Sanders explaining why the Insurance Industry has taken up residence in Vermont, some labeling Vermont the on-shore Cayman Islands for Captive Insurance Companies, a home grown tax shelter with loose regulations aplenty. Early Missteps Seen as a Drag on Bernie Sanders’s Campaign 2016-04-03T04:00:00Z And the biggest gainers from tax shelters tend to be the better-off, blowing a hole in government revenues without helping the poor much. Tough choices 2016-03-23T04:00:00Z He added, “Who knows what tax shelters these guys are investing in?” By Disclosing Tax Data, Rivals Pressure Donald Trump to Do the Same 1462-03-23T05:00:00Z Don’t let a financial adviser or insurance broker talk you into wasting your money on variable annuities, an overly complex, high-fee product with mutual-fundlike accounts wrapped in a tax shelter. Annuities as an Alternative to Shaky Markets? Not So Fast 2016-01-29T05:00:00Z Apple may owe $8bn in back taxes from its use of potentially illegal tax shelters in Ireland. Apple may owe $8bn in back taxes after European commission ruling 2016-01-15T05:00:00Z The retired neurosurgeon is offering a flat tax of 14.9% on personal and corporate income, “with no deductions, no tax shelters and no loopholes.” Ben Carson vs. the IRS 2016-01-08T05:00:00Z For example, as other tax shelters become less effective, wealthy people may respond by giving more income away to charity. Thanks, Obama: Highest Earners’ Tax Rates Rose Sharply in 2013 2015-12-30T05:00:00Z LLCs are great for avoiding personal liability when one is really a business, but they are sold as tax shelters for individuals. A Mansion, a Shell Company and Resentment in Bel Air 2015-12-14T05:00:00Z A giant sop to corporations, the largest of which are already socking away $2.1 trillion in foreign tax shelters. Robert Reich dismantles Paul Ryan’s 7 most dangerous ideas: “They will harm most Americans” 2015-12-05T05:00:00Z Pfizer says it is seeking new drugs and synergies in a possible merger and not just tax shelters. A Tax-Cutting Move That Pfizer Can Hardly Resist 2015-11-14T05:00:00Z The data goes into a database within the agency’s Office of Tax Shelter Analysis, created in 2000 in the wake of a crackdown on mass-market tax shelters sold by accounting firms, law firms and banks. Computer Scientists Wield Artificial Intelligence to Battle Tax Evasion 2015-10-09T04:00:00Z Broadly, if tax shelters are a problem, there are two ways to fix it. Thanks, Obama: Highest Earners’ Tax Rates Rose Sharply in 2013 2015-12-30T05:00:00Z The Organization for Economic Cooperation and Development released Monday a plan that, among other things, aims to end tax shelters and require companies to pay taxes in the countries where they earn profits. Top economies move toward crackdown on corporate tax dodging 2015-10-05T04:00:00Z The Organization for Economic Cooperation and Development released a plan Monday to end tax shelters and require companies to pay taxes in the countries where they earn profits, among other measures. In global attack on corporate tax havens, leading economies move toward crackdown 2015-10-05T04:00:00Z Much of this cash is held in tax shelters like the Cayman Islands where the corporate tax rate is virtually zero. Amazon exposé shows how little tech has really changed the landscape 2015-08-18T04:00:00Z In the company's most recent annual report to the SEC, it listed only three subsidiaries: two general purpose tax shelters in Ireland and one international LLC in Delaware. Alphabet is bringing Google up to date on corporate legal tricks 2015-08-13T04:00:00Z The reason for his dislike was that the reform put the kibosh on real estate tax shelters. Donald Trump Versus Tax Reform 2015-07-28T04:00:00Z The tax code at the time already contained some rules aimed at reducing tax shelters. Jeb Bush Tax Returns Recall Old Days of Shelters 2015-07-02T04:00:00Z This type of tax shelter “employs a series of transactions to create artificial financial losses that are used to offset real financial gains, thereby reducing tax liability.” D.C. Circuit Demonstrates Application Of Supreme Court's Woods Decision 2015-06-30T04:00:00Z So, no, a 529 plan is not a good tax shelter if you don’t intend to use the money for education expenses. Clearing up the confusion over 529s 2015-06-02T04:00:00Z GE is striving to reduce this dependence to 25% by 2016. GE will also lose an important tax shelter that it enjoys due to GE Capital’s investments internationally. Understanding GE Capital's Exit Plan 2015-06-02T04:00:00Z “When they are discussed, they’re thought of as a tax shelter, which is true,” says Shelby George, senior vice president of advisor services at Manning & Napier, a Fairport, New York, investment manager. The Triple Tax Benefit of Health Savings Accounts 2015-05-18T04:00:00Z Nothing in the tax returns shows that Jeb Bush did more than participate in a tax shelter, something that thousands of Americans did in the 1980s. Jeb Bush Tax Returns Recall Old Days of Shelters 2015-07-02T04:00:00Z Circuit noted that whether the partnership is a tax shelter is a determination at the partnership level. D.C. Circuit Demonstrates Application Of Supreme Court's Woods Decision 2015-06-30T04:00:00Z One common misconception about trusts is that they provide an extensive tax shelter. Do You Need A Trust For Your Estate Plan? 2015-05-14T04:00:00Z But because many individual business owners use corporate structures, the proposal would revive opportunities for tax shelters, many of which were eliminated as one of the major parts of the Reagan-era tax changes. Rubio breaks with Republican orthodoxy on tax proposal 2015-05-12T04:00:00Z Second, the greatest tax shelter in the world is earning another dollar. CPAs Lead Entrepreneurs Astray -- Here's How To Fix That 2015-04-30T04:00:00Z It was a classic real estate tax shelter. Jeb Bush Tax Returns Recall Old Days of Shelters 2015-07-02T04:00:00Z IRAs are one of the best tax shelters around. The Danger Of Overstuffing Your IRA 2015-04-23T04:00:00Z He said it is time for the super-rich to pay “their fair share of taxes” and to end the “abomination” in which corporations stash their cash in the Cayman Islands or other tax shelters. Presidential candidate announcements pressure lesser-known contenders 2015-04-19T04:00:00Z As a result, Jenkens agreed to pay $76 million as a civil penalty and cooperate with an investigation of the firm or individual lawyers involved in the tax shelter practice. 10 Notorious Tax Cheats: Paul Daugerdas, Tax Attorney Turned Multibillion Dollar Cheat 2015-04-13T04:00:00Z The tax shelters were designed to eliminate Delta’s clients’ tax liabilities by generating noneconomic tax losses to offset the clients’ taxable income. Tax Court Rules That Being Accommodation Party In Tax Shelter Is Hard Work 2015-03-20T04:00:00Z His real estate business, in other words, provided Mr. Bush with a textbook tax shelter: an investment that generated paper tax losses and sheltered his ordinary labor income from high tax rates. Jeb Bush Tax Returns Recall Old Days of Shelters 2015-07-02T04:00:00Z It’s difficult to punish poachers whose boats are owned by shell companies located in tax shelter nations and are regulated by a country that makes it a policy not to regulate wild fishing. Only China Can Save the Seas [Commentary] 2015-03-17T04:00:00Z As commissioner, Mr. Kurtz launched an offensive on abuse of tax shelters, the arrangements some individual and corporate taxpayers use to minimize their tax burdens. Jerome Kurtz, IRS commissioner under Carter, dies at 83 2015-03-05T05:00:00Z Jerome Kurtz, who as commissioner of the Internal Revenue Service during the Carter administration was known for cracking down on tax shelters and other tax advantages for the wealthy, died on Friday in Manhattan. Jerome Kurtz, Leader of I.R.S. During Carter Era, Dies at 83 2015-03-03T05:00:00Z To relieve petitioner’s concerns about increased tax liabilities, Beer assured petitioner that there were strategies they could use to offset petitioner’s tax liabilities on the basis of his participation in the tax shelters. Tax Court Rules That Being Accommodation Party In Tax Shelter Is Hard Work 2015-03-20T04:00:00Z “That’s why we shoot in Metz. And because of the Belgian tax shelter, we also need a certain amount of expenditure on Belgian soil, like local technicians and gear.” France, Birthplace of Cinema, Is Losing Film Production to Its Neighbors 2015-01-24T05:00:00Z New rules taking effect on Feb. 1 will ban a wide range of international investments deemed to be tax shelters. China Starts Enforcing Tax Law for Citizens Working Abroad 2015-01-07T05:00:00Z There are also several tax plans: Raising taxes on corporations, removing tax shelters, or preventing tax inversions, when companies move abroad to avoid U.S. taxes. Progressive group tries crowdsourcing the Democratic agenda 2014-12-29T05:00:00Z Wealthy taxpayers were angered by his efforts to eliminate tax shelters, like investments in master phonograph recordings and coal. Jerome Kurtz, Leader of I.R.S. During Carter Era, Dies at 83 2015-03-03T05:00:00Z Petitioner received significant compensation from the Bricolage entities in exchange for his participation in the tax shelters. Tax Court Rules That Being Accommodation Party In Tax Shelter Is Hard Work 2015-03-20T04:00:00Z Prosecutors said he used a phony church in Utah as tax shelter, and that beginning in 2003, he did not file tax returns or pay income taxes. Miss. surgeon sentenced in tax evasion case 2014-12-19T05:00:00Z —A tax break that allows profitable companies to write off large capital expenditures immediately — rather than over time — giving some companies huge tax shelters. Temporary tax breaks _ which ones affect you? 2014-12-03T05:00:00Z The lead of a March 2001 Forbes cover story on the proliferation of edgy tax shelters exposed Kellogg’s use of IAT to shield hundreds of millions in capital gains from tax. IRS Memo Claims Forbes Story Influenced Tax Exempt Decision Involving Billionaire 2014-11-03T05:00:00Z Ireland’s government will phase out a tax shelter used by U.S. companies from Google to LinkedIn, amid mounting pressure from international authorities. JPMorgan profit misses expectations I began writing during that phase of the tax shelter wars when tax auditors began looking like the guys who come in after the battle is over to bayonet the wounded. Tax Court Rules That Being Accommodation Party In Tax Shelter Is Hard Work 2015-03-20T04:00:00Z The U.S. tax rate is the highest at 35%, though many companies don't pay that much because of tax shelters and loopholes. Ireland to close corporate tax loophole used by Google and others 2014-10-14T04:00:00Z Wesley Snipes received bad tax advice to follow a tax shelter that was more tax protest than legitimate tax reduction strategy. Wesley Snipes, Blade 4, And Post-Prison Tax Tips 2014-10-01T04:00:00Z More than 25 years later, Wyly and his brother found themselves under the microscope of the SEC again – this time, the inquiries were directed towards the use of potentially illegal offshore tax shelters. 'Staggering' Sanctions Slapped On Wyly Brothers In Offshore Case 2014-09-25T04:00:00Z The wall from Mr. Casey’s viewpoint is to keep high-tech entrepreneurs and others from sending billions of dollars in profits to golden tax shelters with foreign addresses. Mike Lee to fight U.S. tax law targeting Americans abroad on Europe tour 2014-09-23T04:00:00Z For its part, Delta received sizable fees for advising its clients on the tax shelters and facilitating the clients’ participation. Tax Court Rules That Being Accommodation Party In Tax Shelter Is Hard Work 2015-03-20T04:00:00Z More than 40 years ago, Sam produced my tax shelters. Sam Zell, The Grave Dancer, Crowds My Terrace 2014-09-10T04:00:00Z Instead, they devise ever more convoluted products to sell—Sariable annuities, hedge funds, tax shelters. Where To Put A Spare $100,000 2014-09-10T04:00:00Z Your assets expand under the protection of a tax shelter. Variable Annuities -- What's the Tax Deferral Worth? 2014-09-08T04:00:00Z Besides the tax shelter, you generally get a “death benefit.” Deferred Variable Annuities: Pros and Con 2014-09-08T04:00:00Z Although petitioner attempts to minimize his role in the tax shelters and describes his activities as investments, the record reflects that he provided services to Delta to facilitate the tax shelter transactions. Tax Court Rules That Being Accommodation Party In Tax Shelter Is Hard Work 2015-03-20T04:00:00Z Nonetheless, the war against tax shelters added one set of rules after another. IRS Stampedes A Cattle Shelter 2014-08-15T04:00:00Z The goal of the law is to limit the use of offshore tax shelters by U.S. investors. FATCA Poised To Go Global 2014-08-13T04:00:00Z Mayer was involved in the design, marketing and implementation of fraudulent tax shelters to wealthy clients from 1995 to 2004, prosecutors said. Lawyer-turned-witness ordered to prison for U.S. tax fraud 2014-07-30T04:00:00Z There is bipartisan consensus that the tax code needs to be overhauled to lower the high U.S. corporate rate of 35% that encouraged firms to seek offshore tax shelters. Jacob Lew warns failure to quickly limit inversions imperils tax reform 2014-07-28T04:00:00Z Beer testified that petitioner’s role in the tax shelters was a critical component of the transactions and the tax shelters could not have functioned as planned without petitioner’s participation. Tax Court Rules That Being Accommodation Party In Tax Shelter Is Hard Work 2015-03-20T04:00:00Z Much of the complexity in our income tax system is collateral damage from the war against tax shelters. IRS Stampedes A Cattle Shelter 2014-08-15T04:00:00Z Jersey, a 45-square-mile island that ranks as one of the world’s top offshore tax shelters, timed its announcement to coincide with London’s CoinSummit, a two-day event for digital currency buffs that ends Friday. Ex-J.P. Morgan Trader Joins Bitcoin Bulls Launching Hedge Funds He bought the Kenmore as a tax shelter, and ran it with no regard for safety. Takeover of Kenmore Hotel: Informer Recalls His Complicity 2014-07-02T04:00:00Z "Mr. Daugerdas was a tax shelter racketeer who tapped into the incredible greed of some of the country's wealthy." Chicago lawyer gets 15 years in big tax fraud case 2014-06-25T04:00:00Z The risky nature and large receipts of the tax shelters provide ample justification for the high compensation relative to the low amount of personal effort involved. Tax Court Rules That Being Accommodation Party In Tax Shelter Is Hard Work 2015-03-20T04:00:00Z The recent Tax Court decision in the case of Raymond and Sherry Gardner evokes nostalgia for the heyday of tax shelters. IRS Stampedes A Cattle Shelter 2014-08-15T04:00:00Z He was also convicted on four counts of tax evasion relating to the use of various tax shelters for specified clients, and of mail fraud. Daugerdas Sentenced To Prison, Ending Biggest Tax Prosecution Ever 2014-06-25T04:00:00Z He was convicted of helping to create tax shelters that benefited some of the world’s wealthiest people. Chicago lawyer gets 15 years in big tax fraud case 2014-06-25T04:00:00Z Covidien initially kept the Bermuda tax shelter, but two years later moved its headquarters to Ireland. Medtronic Succeeds Where Pfizer Failed: Escaping The IRS 2014-06-16T04:00:00Z Opinions on tax shelters were a great way to boost profits per partner, since they were valued billed, based on the client’s tax savings. Confidence Games - How The Most Prestigious Accounting Firms Raided The Treasury 2014-06-10T04:00:00Z Two former vice chairmen of accounting firm BDO Seidman were sentenced to prison on Monday after pleading guilty to engaging in a conspiracy to defraud the United States through the promotion of tax shelters. Two ex-BDO vice chairmen get prison for tax shelter scheme 2014-06-09T04:00:00Z Abusive tax shelter activity at the turn of the twenty-first century cost the U.S. Ranch Heiress Shows IRS She Is Real Cowgirl 2014-05-27T04:00:00Z What it likely will do, however, is mark the end of the Swiss bank account as American tax shelter. The End of the Swiss Bank Account as We Know It 2014-05-20T04:00:00Z In other words, it is a tax shelter if not outright tax fraud. SwissPartner's Offshore Life Insurance Deal Finally Falls To Earth 2014-05-16T04:00:00Z Cayman Islands is infamous for its loose financial regulations and offshore tax shelters. Chinese Businesses Like Alibaba Face Trust Gap 2014-05-16T04:00:00Z In April the Lawsky's office ordered Credit Suisse to turn over employment and other records as it examined whether the bank lied to New York authorities about creating tax shelters. Exclusive: Credit Suisse deal with U.S. authorities could top $2 billion - sources 2014-05-12T23:02:08Z That really hurt the feelings of this poor tax blogger who ran all the tax shelter work at Joseph B Cohan and Associates. Ranch Heiress Shows IRS She Is Real Cowgirl 2014-05-27T04:00:00Z An investigation commissioned by Levin detailed how Caterpillar had ingeniously avoided paying $2.4 billion in taxes since 1999 by negotiating with Switzerland to create a tax shelter for its international parts . What America's Most Profitable Companies Pay In Taxes 2014-04-15T16:18:00Z In its investigation, the New York State Department of Financial Services is expected to examine what role, if any, the bank’s New York employees played in creating the tax shelters. DealBook: Credit Suisse Is Said to Be Facing Double-Barreled Inquiries 2014-04-07T02:00:53Z But Caterpillar officials insisted that the evidence was being misconstrued, and that the Swiss subsidiary was a real business, not a tax shelter. At Hearing, Caterpillar Defends Tax Practices 2014-04-02T00:27:17Z For example, suppose a promoter sold you on a tax shelter. IRS Can Audit You Forever---But Key Steps Can Prevent It 2014-03-14T12:50:00Z The IRS contends that the exchanges were "a potentially abusive tax shelter," said Exelon, the largest U.S. nuclear power plant operator, in a November 2013 regulatory filing. Exelon quarrel with IRS could threaten tax-free exchange deals 2014-01-28T19:20:20Z Any discussion of tax shelters has been drowned out by the debate over whether to have an estate tax at all, McCaffery says. GRAT shelters: An accidental tax break for America’s wealthiest 2013-12-27T15:42:02Z Mr. Lawsky, who will examine whether Credit Suisse lied to New York authorities about engineering tax shelters, has also petitioned a Senate subcommittee for a trove of internal Credit Suisse documents. DealBook: Credit Suisse Is Said to Be Facing Double-Barreled Inquiries 2014-04-07T02:00:53Z No, but read on. After all, it was only a month ago that another Chicago tax lawyer was barred from promoting tax shelter. Lawyer For NFL Players Sidelined Permanently....True Chicago Style? 2013-11-09T23:46:00Z Fourteen years ago, the two set up a partnership to run a tax shelter known as a, "current options bring reward alternatives," or COBRA. Tax penalty for two Texans? Supreme Court weighs partner problem 2013-10-09T23:48:50Z Rather than spur productivity-enhancing investments, it created opportunities for tax shelters – investments driven solely by the potential for tax savings without regard to economic merit. Today's Economist: Depreciation’s Place in Tax Policy 2013-09-10T04:01:13Z Covey had won a rare prize: an official seal of approval for a tax shelter. GRAT shelters: An accidental tax break for America’s wealthiest 2013-12-27T15:42:02Z The Credit Suisse case, the outcome of which depends on settlement talks in the coming weeks, will most likely strike a blow at overseas tax shelters, a hallmark of Switzerland’s banking system. DealBook: Credit Suisse Is Said to Be Facing Double-Barreled Inquiries 2014-04-07T02:00:53Z In the past, for example, Mr. Spitzer has railed against offshore tax shelters, portraying them as dubious practices of the financial elite. Family Trust Offers Possible Clues to How Spitzer Would Invest City Pension Funds 2013-08-22T00:15:48Z The oral argument was a rematch between two lawyers who argued a tax shelter case before the high court last year. Tax penalty for two Texans? Supreme Court weighs partner problem 2013-10-09T23:48:50Z Consequently, average Americans were suddenly in need of tax shelters and the exclusion for health insurance was very popular, leading to an expansion of health insurance coverage. Today's Economist: The Question of Taxing Employer-Provided Health Insurance 2013-07-30T04:01:15Z At KPMG, one of the remaining Big Four accounting firms, former partners were convicted and imprisoned for their role in illegal tax shelters, but the firm itself escaped prosecution. DealBook: For SAC, Indictment May Imperil Its Survival 2013-07-25T00:24:42Z Mr. Khuzami helped steer the bank through the financial crisis and an investigation into its tax shelters. DealBook: A Legal Bane of Wall Street Switches Sides 2013-07-23T01:29:47Z It became obvious in 2004 that the IRS looked at it as a tax shelter. HP board member Ray Lane settles long-running tax issue 2013-06-07T00:13:33Z For perspective, Obama could read the words of another president who also fell short in his assault on tax shelters, this one failing to raise taxes on overseas holding companies. Insight: How Treasury's tax loophole mistake saves companies billions each year 2013-05-31T00:09:21Z A death squad leader becomes a whistle-blower, a war-torn country experiments with democracy and investigative journalists reveal the secrets behind offshore tax shelters for the very wealthy. Top 5 investigative videos of the week: Boston’s day of terror 2013-04-20T17:00:00Z Many experts say the task is more difficult now in large part because tax rates were higher and dodgy corporate tax shelters were more rampant before the last reform effort. Top tax writers renew pledge for tax code revamp 2013-04-08T21:16:32Z Many people use the offshore world for legitimate purposes, for legal tax shelters or to smooth the way for international trade. Piercing the secrecy of offshore tax havens 2013-04-06T23:33:15Z The Woods tax shelter was promoted by Big Four accounting firm Ernst & Young, according to court documents. Supreme Court to weigh IRS penalties on alleged tax dodges 2013-03-26T21:49:11Z Prosecutors said that from 1994 through 2004, Parse, who was a certified public accountant, and others defrauded the IRS by designing and marketing bogus tax shelters. Ex-Deutsche Bank banker gets 3-1/2 yrs prison in tax fraud 2013-03-22T21:40:37Z The accounting giant agreed to pay $123 million to the feds to tie off a criminal investigation into the accounting firm’s hawking of tax shelters. Ernst & Young To Pay $123M For Deferred Prosecution Agreement Over Tax Shelters 2013-03-01T23:47:13Z Big changes then included lowering individual tax rates and closing corporate loopholes and tax shelters. Top tax writers renew pledge for tax code revamp 2013-04-08T21:16:32Z Often, tax shelters involve cobbling together parts of the tax code that were probably never meant to be combined. Dow Chemical's $1 Billion Tax Shelter Stinks, Says Court 2013-02-27T18:32:02Z This month, Ernst agreed to a $123 million settlement to resolve a federal investigation into tax shelters it promoted. Supreme Court to weigh IRS penalties on alleged tax dodges 2013-03-26T21:49:11Z With today’s lower tax rates and tougher regulation, such tax shelters are less common. How a Century of Income Taxes Can Clarify Today's Debates 2013-02-01T12:50:23Z Back in 2003, E&Y agreed to a $15 million settlement with the IRS over these shelters, and the firm quietly closed up its tax shelter unit that year. Ernst & Young To Pay $123M For Deferred Prosecution Agreement Over Tax Shelters 2013-03-01T23:47:13Z No. They may shelter taxes but are not “tax shelters.” Is Prince Charles Guilty of Royal Tax Avoidance? 2012-12-18T04:10:39Z Many wealthy people use tax shelters to reduce or defer tax liabilities. Two ex-Ernst partners' convictions reversed in tax-shelter case 2012-11-29T18:04:51Z Lindsey Graham of South Carolina said bluntly that he would break the part of the pledge that protects tax shelters for the rich. Norquist's Tax Pledge: Under Fiscal-Cliff Threat? 2012-11-27T19:35:30Z The Alternative Minimum Tax is essentially a parallel tax system meant to ensure that the wealthy do not use deductions, tax shelters and other loopholes to reduce their tax liability to zero. Analysis: Lame hopes for a lame-duck Congress 2012-10-11T20:15:45Z The use of the S corporation as a tax shelter is widespread. DealBook: A Tax Shelter Mitt Romney Could Love 2012-09-25T20:02:21Z In addition to Paravano, who helped write tax shelter regulations while at the Treasury Department, Nicholas is represented by BakerHostetler partner Stuart Bassin, a former Senior Litigation Counsel with the U.S. Judge Shoots Down Another Forbes 400 Member's Tax Shelter 2012-09-25T12:17:40Z But without releasing full documentation of his past returns, Romney will likely face continued speculation about his use of overseas tax shelters and pressure from Democrats to disclose returns from 2009 and before. Romney Releases 2011 Tax Returns; Paid 14% Effective Rate 2012-09-21T23:35:36Z Back in the 1990s, many large corporations used illegal tax shelters. DealBook: A Strategy of Tattletales at the I.R.S. 2012-09-20T16:24:47Z We learned he chose Swiss bank accounts and Cayman Island tax shelters over American institutions. DNC 2012: Senator Harry Reid’s speech to Democratic convention (Full text) 2012-09-05T00:55:40Z Another possibility is that they resulted from some kind of more elaborate tax shelter, or some combination of the two. Common Sense: In Romney’s Tax Return, Clues in Foreign Taxes 2012-08-24T14:17:47Z Before joining the firm in December 2008, Bassin tried big tax shelter cases for the government, including the first successful case against Son of Boss. Judge Shoots Down Another Forbes 400 Member's Tax Shelter 2012-09-25T12:17:40Z Messina said the additional tax returns would help answer questions "such as the range in the effective rates paid, the foreign accounts maintained, the foreign investments made, and the types of tax shelters used." Romney, Obama teams clash over tax returns 2012-08-17T18:05:21Z Taxes 8/14/2012 @ 10:30PM 6 views Calling something a tax shelter is a little like asking someone when he stopped beating his wife. Keeping Prying IRS Eyes From Documents 2012-08-15T02:30:46Z He practically cut Romney off, swooping in with an answer that addressed tax shelters, a vehicle used by wealthy taxpayers, including Romney. How Paul Ryan Corrects Romney's Tin Ear 2012-08-13T18:26:18Z Without access to the returns, it’s impossible to know whether he would also have needed some additional form of tax shelter, aggressive or otherwise, to get even lower, or even to zero. Common Sense: In the Superrich, Clues to Romney’s Tax Returns - Common Sense 2012-08-10T13:29:14Z The prospectus for the investment, called the Gem Plan, played up the tax shelter benefits, saying it was structured “so that deductions are projected to be twice the amount of the cash required each year.” In Real Estate Deal, Mitt Romney Made His Loss a Couple’s Gain 2012-08-10T13:56:21Z The bank has been at the center of several financial scandals, including a rogue trader and an illegal tax shelter scheme. DealBook: Banks in Libor Inquiry Are Said to Be Trying to Spread Blame 2012-08-06T01:37:49Z The tax shelter moniker tends to color the debate. Keeping Prying IRS Eyes From Documents 2012-08-15T02:30:46Z It should be remembered that, in those years, the law facilitated the use of domestic and foreign tax shelters, and most high-income earners made liberal use of them to reduce their tax burdens. Letters: Letters: When Tax Rates Touched the Sky 2012-08-04T19:21:02Z Offshore tax havens and other tax shelters cost the government about $150 billion a year, said Senator Kent Conrad of North Dakota, chairman of the Senate Budget Committee. In ‘Black Liquor,’ a Cautionary Tale for Deficit Reduction 2012-07-21T01:09:29Z The best tax shelter available to Main Street investors right now might be your primary residence. Tax Shelters for the Rest of Us 2012-07-13T23:31:01Z In a statement on his Twitter account, Mr Carr said he was no longer involved in the K2 tax shelter. Jimmy Carr: My terrible error 2012-06-21T15:26:02Z So, too, would the strange story of how a consultancy that devised another of Carr's tax shelters sought Tory support for a campaign that tried to turn tax avoidance into a human rights issue. How advisers to the stars lobbied MPs to make it a human right to avoid paying tax 2012-06-23T18:18:50Z While marginal rates fell for the wealthy, tax shelters were removed so that the effective tax on wealthy citizens did not change. Monetary policy: A central-bank failure of epic proportions 2012-06-01T14:59:11Z Downing joined the Justice Department in 1997, and first made his name by leading the investigation of banks, accounting firms and law firms that sold bogus tax shelters to retail investors. U.S. prosecutor in Swiss tax probe to exit 2012-05-31T22:00:25Z He led the investigation of banks, accounting firms and law firms that sold bogus tax shelters to retail investors. Prosecutor in Swiss bank cases resigns: source 2012-05-31T14:39:49Z The banks call it a legal funding strategy; the government calls them sham tax shelters. BNY Mellon, IRS spar over $900 million tax benefit 2012-05-17T22:08:17Z House Democrats have proposed ending subsidies to oil and gas companies, and Senate Democrats want to end a tax shelter for some wealthy small business owners. Boehner: Obama picking fake fights 2012-04-29T14:08:00Z The IRS waited too long— more than three years—to challenge taxpayers' filings that used a "Son of BOSS" tax shelter, the court ruled Wednesday. IRS Loses Tax-Shelter Case 2012-04-26T02:09:42Z They have also become very active users of a wide range of offshore trusts and tax shelters in places like the Cayman Islands, far from the Chinese tax authorities and anti-fraud investigators. Surplus in China Trade Comes as Surprise 2012-04-10T12:14:33Z The fact is that nearly all the loopholes and tax shelters benefit the top bracket taxpayers. Common Sense: Judge a Tax Play by Its Loopholes 2012-03-23T16:07:29Z In 1994, while he headed the audit committee, Marriott used a tax shelter known to attorneys by its nickname: “Son of BOSS.” Romney as Audit Chair Saw Marriott Son of BOSS Shelter Defy IRS 2012-02-22T23:02:43Z Premier league soccer is awash in money, not just pay but bonuses, bungs, kickbacks and abuse of tax shelters. In most countries the Harry Redknapp case wouldn't have reached a jury 2012-02-09T20:30:01Z The court's ruling didn't address the legality of the tax shelter. IRS Loses Tax-Shelter Case 2012-04-26T02:09:42Z There was a plausible case that reducing the top income tax rate in 1981 to 50 percent from 70 percent would raise net revenue, mainly by curbing the value of tax shelters. Economix Blog: Bruce Bartlett: Tilting the Budget Process to the G.O.P. 2012-02-07T11:00:02Z For every dollar you park in a tax shelter, that dollar is taxed at zero. Common Sense: Judge a Tax Play by Its Loopholes 2012-03-23T16:07:29Z “One of the greatest beneficiaries of this tax shelter -- and that is all that it is, a tax shelter -- is a very profitable hotel chain: Marriott,” McCain said at the time. Romney as Audit Chair Saw Marriott Son of BOSS Shelter Defy IRS 2012-02-22T23:02:43Z And earlier this year, Mr. Lauder used his stake in the family business, Estée Lauder Companies, to create a tax shelter to avoid as much as $10 million in federal income tax for years. Est?e Lauder Heir?s Tax Strategies Typify Advantages for Wealthy 2011-11-26T21:24:39Z But the tax shelter enabled the partnership holding the oil business to report a gain of just $69,000 from the sale. IRS Loses Tax-Shelter Case 2012-04-26T02:09:42Z The judge found that the transaction lacked both economic substance and a business purpose - two key features of questionable tax shelters - and was a loan rather than an investment. U.S. wins three tax cases involving big banks, KPMG 2011-10-05T03:02:41Z Mr. LeBovidge argued that his staff needed to keep up with the increasingly exotic tax shelters being marketed by top accounting firms. The Long Run: Romney?s Strategies as Governor Bucked His C.E.O. Image 2011-10-01T23:16:42Z "There are very few tax shelters left," says Martin Goldblum, chairman of the tax department at the New York law firm Troy Gould, which services super-rich clients. Insight: America's rich losing tussle with taxman 2011-09-30T11:47:17Z The new cases mostly concern technical questions in low-profile areas of the law like tax shelters and workers’ compensation. Justices Will Hear Appeals on Immigrants? Residence 2011-09-27T23:35:47Z “You create this enormous bounty for making other income look like capital gains, and virtually any income tax shelter is designed to do just that.” Republican Investment Tax Cutters Top Bush While Defying Buffett 2011-09-01T06:21:27Z “Every imaginable individual income tax shelter is driven by the differential,” Mr. Burman noted. Common Sense: Questioning the Dogma of Lower Taxes on Capital Gains 2011-08-19T18:18:48Z Approaching Tax Policy With the Scientific Method Commented on “Focusing on the behavior of "tax shelters" is going to be an enormous undertaking- is this diverting potential profits to...” FoxConn to Replace Workers With Robots; Aim For One Million Robots In Three Years 2011-07-31T18:51:50Z His readers suggest that the effective tax rates didn’t actually change much over the history of the income tax, because the wealthy used a variety of tax shelters to avoid taxation. Approaching Tax Policy With the Scientific Method 2011-07-27T22:52:11Z “These are very wealthy people taking a massive deduction on their taxes, for plenty of nothing,” said Dean Zerbe, who investigated abusive tax shelters while legal counsel for the Senate Finance Committee. U.S. targets tax break tied to facade easements 2011-07-09T23:30:24Z In 2000 he made the mistake of buying a tax shelter from sketchy Dallas promoter Gary M. Kornman to generate $18 million in losses that could be used to shield similar profits. IRS: Billionaire Carl Berg Understated Business Income By $110 Million 2011-06-07T22:16:27Z So the filmmakers turned to a French tax shelter called Sofica, created 25 years ago to attract private financing to help support French films. Memo From Paris: A President Loves Movies, but Perhaps Not This One 2011-05-12T01:21:22Z But some prominent business leaders, including the chief executive of Procter & Gamble, are pushing for the rate to be reduced without reining in tax shelters. But Nobody Pays That: U.S. Business Has High Tax Rates but Pays Less 2011-05-03T01:40:21Z Mr. Dryburgh wrote a paper on that type of tax shelter. Gift to M.I.T. from Bose Founder Raises Tax Questions 2011-04-30T01:40:01Z Obama hasn’t moved on corporate-tax reform, tax shelters for the wealthy, or the preferential capital-gains tax treatment on the 20 percent service fees of hedge fund managers. Why Obama Will Get Four More Years in White House: Ralph Nader 2011-04-26T23:28:32Z The rule is part of new anti-money-laundering regulations aimed at bringing the Vatican in line with international standards on financial transparency and helping it shed its image as a tax shelter. | EUROPE: Vatican: Visitors Must Declare Cash 2011-04-02T02:26:29Z Soon thereafter, the Internal Revenue Service got wise to the hundreds of entrepreneurs like Hawkins who were using all kinds of tax shelters to generate paper losses. A Little More Detail On Trip Hawkins And His $61 Million Tax Shelters 2011-03-29T20:43:09Z “That G.E. can almost set its own tax rate shows how very much we need reform,” said Representative Lloyd Doggett, Democrat of Texas, who has proposed closing many corporate tax shelters. But Nobody Pays That: G.E.?s Strategies Let It Avoid Taxes Altogether 2011-03-25T00:20:01Z At the time, the informant said he worked for a Wall Street investment bank, and he said he was “intimately aware of competitors’ fraudulent tax shelters.” IRS pays Enron whistleblower $1.1 million 2011-03-16T03:33:22Z Investors can further preserve their wealth by using gifts to start or bolster Delaware dynasty trusts, tax shelters that essentially last forever. U.S. rich get 2-year window on gifts to heirs 2011-01-26T22:22:43Z As part of its tax shelter deals, Deutche created transactions that generated seemingly legitimate losses for the bank’s clients. DealBook: Deutsche Bank Settles Tax Shelter Case 2010-12-22T02:46:14Z Accordingly, here’s a little more about the two tax shelters Hawkins chose to use. A Little More Detail On Trip Hawkins And His $61 Million Tax Shelters 2011-03-29T20:43:09Z Justice Department to settle an investigation into tax shelters. Deutsche Bank U.S. tax fraud deal opens floodgates 2010-12-22T12:17:40Z Germany's flagship lender admitted criminal wrongdoing for taking part in fraudulent tax shelters that allowed clients to hide billions of dollars, and agreed to pay up to settle the case, U.S. prosecutors said on Tuesday. Others may follow Deutsche U.S. tax fraud deal 2010-12-22T10:13:26Z The investigation stemmed from an inquiry into accounting firm KPMG, which marketed tax shelters. DealBook: Deutsche Bank Settles Tax Shelter Case 2010-12-21T21:02:28Z Ordinarily, companies' ability to use such tax assets is curtailed when they are acquired, under a 1986 law aimed at curbing "trafficking" acquisitions arranged to capture tax shelters. Tax Breaks for Bailout Recipients Spark Debate 2010-12-03T00:30:00Z But any such tax shelter is bound to be exploited by the wealthy, which means it can grow into a very large annual subsidy. Buttonwood: Hands off our pensions 2010-12-02T11:05:00Z Germany's flagship lender admitted criminal wrongdoing for taking part in fraudulent tax shelters that allowed clients to hide billions of dollars, U.S. prosecutors said on Tuesday. Deutsche Bank U.S. tax fraud deal opens floodgates 2010-12-22T12:17:40Z If it does not, observers said the Vatican bank ran the risk of being seen as a tax shelter. Vatican Defends Bank After Seizure of $30 Million 2010-09-23T20:29:00Z Mr. Isenberg insisted there was “absolutely no quid pro quo” linking his donation to City College with Congressman Rangel’s support for the tax shelter. Morgenthau Held Stock in Company Seeking Rangel Help 2010-08-24T21:27:00Z Hailed by President Ronald Reagan as "a second American Revolution," the bipartisan compromise closed loopholes for corporations, eliminated tax shelters and exempted millions of low-income workers from paying taxes. Dan Rostenkowski, 82; powerful committee chairman in U.S. House 2010-08-12T04:00:00Z —A possible role in preserving a tax shelter for an oil drilling company, Nabors Industries, whose chief executive donated money to the Rangel Center while Ways and Means considered the loophole legislation. Rangel, Ethics Panel Lawyers Talking Settlement 2010-07-27T18:45:00Z These incentives could include making the gains on small-business stock acquired through next year tax-free, limiting penalties for violating tax shelter rules, and increasing the deduction for start-up expenses to $20,000. Will Obama's Small-Business Agenda Survive Congress? 2010-06-24T19:44:00Z Is it worth giving up the tax shelter and company match to do this in another sort of account? Why Young People Should Buy Stocks on Margin 2010-04-16T08:50:00Z That will keep municipal bonds an attractive tax shelter for wealthy investors — if they choose carefully. Wealth Matters: The Risks and Returns of Municipal Bonds 2010-04-09T18:33:00Z “I.R.S. access serves the legitimate, and important, function of detecting and disallowing abusive tax shelters,” she added. High & Low Finance: A Game of Resisting the I.R.S. 2010-03-05T02:30:00Z Costs associated with Roth IRAs are minimal compared with hiring experts to develop conventional tax shelters. Getting Ready for Higher Taxes 2010-02-27T03:15:00Z Much of the cost is offset by a crackdown on offshore tax shelters. New senator helps Democrats advance jobs bill 2010-02-22T23:22:00Z Democrats denounce such accounts as a tax shelter for higher-income people. 2010-02-09T03:10:00Z |
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