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TaxEvasion
Brad Birkenfeld: Tax Cheat and UBS Informant Doesn't Deserve Pardon
By Joann M. Weiner - Politics DailyPennsylvania prison inmate Bradley C. Birkenfeld, one of the most controversial and interesting characters in modern banking history, recently asked President Barack Obama for clemency. I hope he doesn't get it. The former UBS banker is a world-class tax cheat and opportunist. But Birkenfeld, a 45-year-old U.S. citizen, is also a tax informant and whistle-blower, partly responsible for helping the IRS crack the biggest U.S. tax evasion case in history two years ago. And that's what makes his story so compelling. Birkenfeld is both a sinner and a saint. For every person like me, satisfied ...
Chaos Theory - On the C Street Where You Live
By Robert and Donna Trussell - Politics Daily...
U.S. Looks for Tax Scofflaws in Hong Kong
By Christopher Weber - Politics DailyAfter cracking down on Swiss bank accounts, federal prosecutors are now targeting Hong Kong in their campaign against Americans who avoid paying taxes by stashing money overseas. Investigators are trying to determine how much taxable money has been moved to Hong Kong, whether accounts based there are legitimate and what banks are involved, Bloomberg reported. Like they did in Switzerland, prosecutors are questioning financial professionals to learn the intricacies of the banking system. After a lengthy investigation, the Swiss bank UBS AG avoided prosecution by agreeing in February to ...
Honey, I Found Our Hidden Swiss Bank Account
By Joann M. Weiner - Politics DailyAs part of a voluntary program that ended on October 15, some 7,500 Americans with hidden offshore bank accounts ended the game of hide and seek with the IRS. They finally decided to tell the government where to find their assets. Some of these hidden accounts were pretty hard to lose track of --- one had more than $100 million in it. . ...
Switzerland, No Longer a Tax Haven?
By Joann M. Weiner - Politics DailyCan you believe it? Switzerland is no longer a tax haven. How did this happen? On Sept. 30, the Organization of Economic Cooperation and Development (OECD) declared that because Switzerland has lived up to international standards in sharing information about financial accounts, it had shed its tax-haven status. Thus, the OECD achieved in six months something the mighty United States had been unable to do in 70 years: It convinced Switzerland to share information with the U.S. on its secret bank accounts. Or did it? ...
ACORN Workers Caught Helping Sex-Traffic Posers
By Emily Miller - Politics DailyACORN office workers in Baltimore and Washington, D.C., have been caught on hidden video camera advising a couple posing as a prostitute and pimp on how to hide their crimes. On Friday, the video of the Washington, D.C., sting was released by the creator, an independent filmmaker. ACORN, a national non-profit that helps the poor get housing, fired the two Baltimore office employees on Thursday. ...
Swiss and American Cheese: Something Smells at UBS
By Bob Franken - Politics DailyThere is a phenomenal game of "Chicken" going on. It's being played in Miami, but the struggle over which side will back down is centered on the banks of Switzerland.In particular, Swiss behemoth UBS, which has asked a federal court in Miami to block disclosure of accounts held by Americans suspected of fraud -- concealing income and assets that should subject to U.S. taxes.However, the chase of possible tax cheats has collided with the legendary secrecy rules that are the hallmark of the Swiss banking system.To a large degree, this haven from disclosure has been why Switzerland has prospered ...
The Rise and Fall of Joe
By David Knowles - Politics DailyNews out of Toledo, Ohio via The Hotline's On Call:He [Joe the Plumber] doesn't have a plumbing license required by the city of Toledo to practice, according to a staffer with the Toledo Division of Building Inspection. Wurzelbacher, who now works for Newell Plumbing & Heating Co., said the owner, Al Newel, has a plumbing license and that "because he works for someone else, he doesn't need a license."But even that's not true, according to the Toledo Division of Building Inspection. Wurzelbacher can't legally do plumbing work without a license, regardless of his boss's certification. A staff ...
Rollie Fingers No Longer a Tax Delinquent, Just in Time For Independence Day
By Eamonn Brennan - AOL NewsYou want the scent of America, do you? You want the smell of grilling hot dogs in the backyard, of fresh herbicide-laden grass, of dangerous fireworks being lit by small children. Why, that's freedom I smell!Get a whiff of this: Rollie Fingers, Hall of Fame pitcher and noted Milwaukee tax avoider, is no longer on the list of tax delinquents: Two of three cases filed against Fingers by the state Department of Revenue have been satisfied, according to documents filed in Dane County Circuit Court. The court does not specify how those cases were settled, including whether Fingers paid and how much ...
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