The lead singer of rock band U2 was an investor in a Lithuanian shopping mall through a company based in Malta, which is also a country that foreign investors can use to avoid taxes
, according to the Guardian Sunday.
The Wall Street Journal has reported that for years Bank of America Corp (NYSE: BAC) had helped customers avoid taxes
through its US banking unit.
taxes, because the information submitted clearly establishes the lack of a principal purpose to avoid taxes
under subtitle A or B of the Code.
After years of winking at the practice, Congress is suddenly up in arms about companies moving their headquarters to Bermuda to avoid taxes
The study says companies have migrated to the suburbs to avoid taxes
or governments perceived as unfriendly to business.
However, if the minority interest appears to be the result of a transfer made simply to avoid taxes
, the discount will not be allowed.
Global Banking News-July 22, 2014--US regulators accuse Barclays and Deutsche Bank of helping funds avoid taxes
3 ( ANI ): Republican presidential candidate Mitt Romney's offshore investment strategy has not only allowed him to only avoid taxes
, but he also continues to make money from the company that he quit more than a decade ago, a new report has revealed.
The guidance intends to stop the spread of an abusive tax avoidance transaction using split-dollar life insurance, in which the parties attempt to avoid taxes
by using inappropriately high current term insurance rates, premium prepayments or other techniques to understate the value of taxable policy benefits.
Stanley Works has the potential to become the poster child for public outrage about overseas moves to avoid taxes
," says Blumenthal.
Previously, sellers could avoid taxes
only in two ways: Those 55 years old or older could take a one-time, $125,000 exemption; or they could use profits from the sale to buy a residence that cost as much or more than the previous home.