New Tax Headaches for U.S. Citizens Living Abroad
A good chunk of the 9 million Americans living overseas could face a bigger tax bill as a result of a clause in Trump’s tax bill, passed late last year.
Crystal worldwide Blog
Trump’s Tax Cuts Drive Up Federal Deficits
Trump’s tax cuts are anticipated to help the average American family put more money in the bank – but they come with a big price tag for the U.S. government.
EU Parliament Votes on Tax Inquiry
The EU Parliament voted to launch a tax inquiry into financial crime, tax avoidance, and tax evasion in early February, reportedly in response to revelations in the Paradise Papers.
IRS Cracks Down on Cryptocurrency
The United States Internal Revenue Service has honed in on a new tax evasion target: cryptocurrency users. The agency reportedly assigned several of its elite agents to investigate the use of Bitcoin and other cryptocurrencies as a means of tax evasion.
IRS Unveils New Tax Withholding Tool
The IRS unveiled a new tax withholding tool several weeks ago, designed specifically to help Americans ensure that they are not significantly overpaying or underpaying on their tax obligations with the recent changes to tax law.
4 Countries that Pay Less Tax Than the US
Thanks to the new Republican tax plan, tax rates in the US are set to decrease for many this year. But how do US tax rates compare to those of other countries?
The UK Gets Tough on Big Tech’s Taxes
Following a series of controversies surrounding the amount of tax major tech companies like Amazon, Apple, eBay, Facebook, and Google pay, the UK has announced that it will be reviewing how these companies are taxed.
Paradise Papers Show High-Profile Tax Evasion
The Paradise Papers are a collection of documents leaked by the International Consortium of Investigative Journalists that sheds light on offshore tax structures. These documents follow on the heels of the Panama Papers.
Shakira Faced Investigation for Tax Evasion
Colombian singer Shakira recently handed over a staggering $25 million to settle a tax debt with the Spanish government. Shakira – whose full name is Shakira Isabel Mebarak Ripoll – has been embroiled in a tax dispute with the Spanish government since last year.
Apple to Take Advantage of the New Tax Code and Bring Overseas Cash Back to the U.S.
Apple has long sparked criticism for its deference of tax payments of foreign earnings, facing allegations of hoarding its cash overseas to dodge tax responsibilities. In total, the company is estimated to hold a staggering 94 percent of its total cash holdings of around $294 billion outside of the U.S.