International taxes

U.S. Supreme Court justices questioned the legality of stiff penalties the federal government says it can impose on people who fail to file required reports listing their foreign bank accounts.

Italy's Guardia di Finanza is alleging that Pfizer's unit based just outside Rome, Pfizer Italia Srl, transferred excess capital to affiliates in the U.S. and the Netherlands to avoid taxes on profits that can be as high as 26%.

The deal brings to an end the investigation into suspicions of laundering of tax fraud proceeds.

Credit Suisse Group AG will aim to settle a tax fraud and money laundering case in France on Monday that saw coordinated raids in five countries from Australia to the U.K.

The prime minister quit after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout.

More and more, these assets are becoming embedded in the world's financial systems.

The PM scrapped her plan in another dramatic U-turn, hours after she fired Kwasi Kwarteng as U.K. chancellor of the exchequer.

Pressure is coming from the financial markets and members of the ruling Conservative Party to restore economic credibility.

The Organization for Economic Cooperation and Development introduced a framework this week for the automatic exchange of information between countries on crypto-assets, in response to a request from the G20 financial leaders.

The Swiss bank had promised in 2014 to stop helping U.S. citizens evade taxes, but investigators have their doubts.

The Criminal Investigation unit in Mexico City helped locate 79 criminals in Mexico, Belize, El Salvador, Guatemala and Honduras in the past fiscal year.

The 15% minimum tax in the legislation passed by Congress shouldn't be confused with the one that the Treasury has been encouraging countries to approve.

The Internal Revenue Service is updating its login procedures for several of its online applications to improve their security.

FATCA was designed to go after wealthy Americans keeping money overseas to avoid taxes, but is also ensnaring regular people living abroad.

The Biden administration is alarmed over the market turmoil triggered by the new U.K. government's economic program.

A provision in the Tax Cuts and Jobs Act that was supposed to raise hundreds of billions of dollars in taxes on deferred earnings from multinationals is only bringing in about one-third of the projected revenue.

Shah was named as the mastermind of the scheme in which pension plans filed for tax returns to which they weren't entitled, because they never paid the taxes to begin with.

Kreston Global introduced a Global Transfer Pricing Group, led by David Whitmer, who leads the National Transfer Pricing Practice at Kreston's U.S. member firm CBIZ.

A survey by the ACCA and IFAC revealed divergent attitudes worldwide.

The law includes tax credits for electric vehicles made in North America but the EU's concerns go beyond this sector.