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Month: August 2012

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Trillions Stashed Offshore by World’s Wealthy
Everyone wants to keep their money hidden from the taxman. But a recent study shows that the world’s wealthy are doing that pretty well. Offshore tax havens are claimed to be the home to as much as $32 trillion. That’s an astonishing amount of mo...
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Rock Stars Who Owed Back Taxes
Ask any guy what his dream job is and rock star is sure to make the list. Life doesn’t get any better when you’re making big bucks playing music in front of thousands of people. But while being an entertainer can be fun, it’s still a job – wi...
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IRS Goes After Unsellable Artwork for $40 Million
Next time you buy a piece of artwork, make sure it’s sellable. That’s the lesson two descendants of a New York art collector are learning after inheriting a masterpiece that’s pegged with a $40 million IRS tax bill. Back Taxes Take the Vision O...
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Internet Taxes Coming to a Mouse Near You
As a struggling economy tightens state budgets across the country, more state capitols are taxing internet sales to lessen the pinch. But what counts as these internet taxes? More States Adopting Internet Taxes Online sales taxes are coming to more a...
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Washington Argues Over Tax Hikes on Wealthy
Tax cuts are at the center of attention in Washington again as president Barack Obama and Democrats hope to raise income taxes on the wealthy. But the tax hikes are far from certain. D.C. Tax Warfare Heats Up as “Fiscal Cliff” Nears It’...
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