Tax avoidance and tax evasion

President Barack Obama meets with business leaders about creating and investing in jobs in the U.S., Tuesday, May 20, 2014, in the Roosevelt Room aofthe White House in Washington. From left are: Carsten Spohr, Chairman and CEO, Deutsche Lufthansa AG; Ravila Gupta, president, Umicore USA; the president Obama; Joe Hinrichs, executive vice president and president of the Americas, Ford Motor Company; Sanjay K. Jha, CEO, Globalfoundries; Michael Penner, President, Richelieu. (AP Photo/Charles Dharapak)

Obama hosts CEOs whose firms are investing in US

WASHINGTON (AP) — It’s the yin and the yang of the U.S. corporate climate. At the White House, President Barack Obama played the role of business pitchman Tuesday, saluting 11 executives whose companies have chosen […]


Brady W. Dougan, CEO of Swiss Bank Credit Suisse (AP Photo)

Panel faults US government over offshore tax evasion

WASHINGTON (AP) — Billions of dollars in U.S. taxes are going unpaid because Americans are exploiting Swiss bank accounts, and the U.S. government has failed to aggressively pursue Switzerland’s second-largest bank, a Senate investigation has […]


IRS pays whistleblower $104 million

WASHINGTON (AP) – Lawyers for a whistleblower say the Internal Revenue Service has awarded their client $104 million for providing information about overseas tax cheats – the largest amount ever awarded by the agency. Ex-Swiss […]



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