Tax Law Blog

“Citizenship for investment,” does the term sound familiar?  The EU is cracking down on tax havens that put a price tag on citizenship.

A tax gap is the difference between taxes that are owed and taxes that are actually paid.  For six Silicon Valley multinational companies, that gap is more than $100 billion according to a global tax watchdog.

A report from the International Monetary Fund (IMF) suggests 40 percent of foreign direct investments are actually phantom.  Scary news for sure.

Few people enjoy paying taxes, but some taxpayers avoid taxes, while others evade them—what’s the real difference?

Luxury brand Gucci agreed to pay a record settlement to Italian authorities to settle charges of tax fraud and evasion.

A new report from the European Commission offers sobering facts about the amount of wealth held in offshore tax havens.

With no physical presence in Italy, Netflix is facing allegations of tax crime based on its use of infrastructure to deliver digital content to 1.4 million Italian subscribers.

Filing false tax returns and failure to file reports on wealth held in foreign bank accounts netted a California businessman almost two years in prison.

Caught up in the ongoing IRS Swiss Bank Program investigation of undeclared foreign assets, Zurich Life Insurance Company agreed to pay the US $5.1 million to settle claims of offshore tax fraud.

While tax crimes are committed at all income levels, the media mainly focuses on tax controversies of the rich and famous. Well-known athletes are often rich and famous, ensuring them headlines when facing tax litigation. Soccer players are included.