- Ohio businessman admits he didn't pay $600k in federal taxes Updated: May-03-16 3:37 am
CLEVELAND - An Ohio businessman accused in federal court of bankrolling a luxurious lifestyle by not paying more than $600,000 in federal income taxes has pleaded guilty.
- Argentina prosecutor asks probe of ex-president and son Updated: May-03-16 12:33 am
BUENOS AIRES, Argentina - A federal prosecutor asked on Monday that former President Cristina Fernandez and her son be investigated for possible illegal enrichment in connection to two businessmen accused of money laundering and tax evasion.
- Oregon grocers drop liquor ballot proposal Updated: Apr-27-16 7:46 pm
PORTLAND, Oregon - A coalition has decided to drop its push to allow grocery stores in Oregon to stock their shelves with liquor and instead shift its resources into blocking a massive corporate tax hike heading to voters in November.
- Romania: media owner questioned over massive tax evasion Updated: Apr-27-16 8:33 am
BUCHAREST, Romania - Prosecutors in Romania say they have questioned a media owner on suspicion of tax evasion worth 8 million ($9 million).
- Business owners sentenced for filing fraudulent tax returns Updated: Apr-16-16 12:04 pm
TRENTON, New Jersey - The owners of a tax preparation business that filed fraudulent returns on behalf of inmates at various New Jersey prisons have received jail terms.
- European states urge G-20 to share data on offshore accounts Updated: Apr-15-16 5:43 am
MADRID - The European Union's five biggest economies, including Germany and Britain, have agreed to share information on company ownership and are urging other nations to do the same to make it harder for criminals and tax cheats to avoid the law.
- Spain court releases 2 China bank executives with conditions Updated: Apr-12-16 9:53 am
MADRID - A Spanish court has ordered the conditional release of two executives of China's state-owned ICBC bank in Madrid that were among six arrested in February in a money laundering and tax fraud probe.
- Former Hunter Douglas patent attorney pleads guilty to fraud Updated: Apr-06-16 10:21 pm
DENVER - A patent attorney accused of swindling about $5 million from window-covering giant Hunter Douglas over 14 years has pleaded guilty to felony counts of tax evasion and fraud.
- Experts expect corporate tax inversions to survive new rules Updated: Apr-06-16 6:41 pm
President Barack Obama scored a victory this week when Pfizer scrapped a $160 billion overseas deal that would have kept a chunk of the drugmaker's profits beyond the U.S. tax man's reach.
- Ex-CFO admits embezzling millions from Englewood business Updated: Apr-06-16 4:48 pm
NEWARK, New Jersey - The former chief financial officer of a New Jersey business has admitted embezzling millions of dollars from the company.
- Allergan, Pfizer call off proposed $160B merger Updated: Apr-06-16 3:22 pm
Top U.S. drugmaker Pfizer and Irish rival Allergan are charting independent futures after scrapping a record $160 billion deal torpedoed by new Treasury Department rules meant to block American companies from moving their corporate addresses overseas - on paper - to avoid U.S. taxes.
- Obama praises Treasury steps to deter 'tax inversions' Updated: Apr-05-16 7:29 pm
WASHINGTON - President Barack Obama on Tuesday championed new federal steps to discourage corporate tax dodging through a practice known as "inversions" and called on Congress to close the loophole "for good."