Dec 24, 2014

AP sources: NYC Rep. Grimm to plead guilty to tax evasion

U.S. Rep. Michael Grimm was expected to plead guilty to a federal tax evasion charge Tuesday, people familiar with the plea negotiations said, but it was unclear what would become of his congressional career. Grimm was due in a Brooklyn federal court Tuesday on ...

May 9, 2014

IBM Japan did not abuse tax consolidation rules, court rules

The Tokyo District Court on Friday endorsed the IBM Japan group’s complaint against back taxes ordered by the National Tax Agency for abusing tax consolidation regulations. If the decision becomes final, IBM Japan is expected to receive a tax refund of some ¥120 billion ...

Jun 22, 2013

OECD wants nonmembers to join fight against multinational tax cheats

The Organization for Economic Cooperation and Development plans to call on nonmember economies to cooperate to ensure multinational corporations pay their fair share in taxes, a Japanese source said. The OECD, which has 34 member countries, believes cooperation with nonmember economies is crucial for ...

Jun 21, 2013

Switzerland rejects divisive deal to expose U.S. tax dodgers

Swiss lawmakers on Wednesday rejected a deal from Washington to halt ruinous U.S. legal action, provided that Swiss banks that have helped stash cash also expose American tax dodgers and pay hefty fines. The Alpine country’s lower house shot down the controversial Lex USA ...

May 24, 2013

Betting slips are a business expense, win or lose: court

In a landmark decision, the Osaka District Court ruled Thursday that betting slips for horse races can be counted as a business expense, a finding that could alter rulings on other tax evasion cases related to gambling. The decision was handed down in the ...