Tax eBrief: U.S. is preparing more tax-evasion cases, and more

Tax eBrief: U.S. is preparing more tax-evasion cases, and more

U.S. tax-evasion – Four years after an agreement between the U.S. and Switzerland pierced a veil of banking secrecy by requiring Swiss bank UBS AG to turn over names of account holders, defense lawyers estimate that federal prosecutors are conducting at least 100 criminal investigations against suspected tax evaders. Continue reading

Essential reading: Obama’s “new ideas” likely well-worn tax proposals, and more

Welcome from About Cash Flow to the top tax headlines from Reuters and other sources. * Obama’s “new ideas” likely well-worn tax proposals Continue reading

Essential reading: Democrats like a Romney idea on income tax, and more

Democrats are latching on to an idea floated by Republican presidential candidate Mitt Romney to raise taxes on the rich through a hard cap on income tax deductions. Democrats now see it as an important element of a potential deficit reduction agreement. Continue reading

Essential reading: Treasury says firm with ties to President discussed tax break, and more

U.S. Treasury Secretary Timothy Geithner outside the Treasury Department in Washington. Welcome to the top tax and accounting headlines from Reuters and other sources. Continue reading

Essential reading: For some of the wealthy, a 0 percent tax on capital gains, and more

Welcome to the top tax and accounting headlines from Reuters and other sources. * For some of the wealthy, a 0 percent tax on capital gains. Arden Dale – The Wall Street Journal Continue reading