Posts Tagged ‘tax havens’

Following Obama’s Orders, IRS Begins War on Tax Cheats

Sunday, July 26th, 2009

In a high-profile Tax Day press conference, President Obama announced an even more aggressive war on tax cheats. Now, the IRS is planning the assault.
By Michael Rozbruch
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It was only a couple of months ago that President Barack Obama, still freshly inaugurated, stood in the White House and announced his plan to go after — and go after aggressively — tax cheats, no matter where they hide their money.
His plan focused
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Posted in IRS Tax Cases, IRS Times and Inquirer | 3 Comments »

IRS to Hire 800 New Agents as Obama Declares War on Multi-National Corporations and Offshore Tax Shelters

Monday, May 4th, 2009

President Obama announced an overhaul of the tax code to “detect and pursue” U.S tax evaders and go after their offshore tax shelters.
The President’s two-part plan calls for nearly 800 new IRS agents to enforce the U.S. tax code - and help wage war against multi-national corps and their offshore tax havens.
Under the current tax code, companies with operations overseas pay U.S. taxes only if they bring the profits back
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Posted in Tax news and tips | 5 Comments »