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Former Colorado Resident Convicted in Pennsylvania of Conspiring to Defraud the Internal Revenue Service

Donald Turner, formerly of Littleton, Colo., was found guilty of conspiring to defraud the United States by a federal jury in the U.S. District Court for the Western District of Pennsylvania in Erie, Pa.



  • OPA Press Releases

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HSBC India Client Indicted for Conspiracy to Defraud the Internal Revenue Service

A superseding indictment was returned today in Milwaukee against Dr. Arvind Ahuja of Greendale, Wis., adding a charge of conspiracy to defraud the Internal Revenue Service.



  • OPA Press Releases

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Boca Raton, Florida-based CPA Indicted for Preparing False Tax Returns and Obstructing Internal Revenue Laws

John P. Miller, a Certified Public Accountant, was indicted by a federal grand jury sitting in the Southern District of Florida with obstructing the Internal Revenue laws and preparing false tax returns the Justice Department and Internal Revenue Service (IRS) announced today.



  • OPA Press Releases

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Former Alexandria, Virginia, Resident Pleads Guilty to Corruptly Endeavoring to Impede the Internal Revenue Service

Donald R. Megginson, a former resident of Alexandria, Va., pleaded guilty to corruptly endeavoring to obstruct and impede the due administration of the Internal Revenue laws, the Justice Department and Internal Revenue Service (IRS) announced today.



  • OPA Press Releases

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Michigan Businessman Pleads Guilty to Bank Fraud and Obstructing the Internal Revenue Service

Mosii Mays Blackwell, of Detroit, Mich., pleaded guilty in the Eastern District of Michigan to obstructing the Internal Revenue Service (IRS) and bank fraud, the Justice Department and the IRS announced today.



  • OPA Press Releases

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California Businessman Pleads Guilty to Conspiracy to Defraud the Internal Revenue Service

The Justice Department announced today that Gary Mach, a Palm Desert, Calif. resident who operated Crystal Springs Pool Service (CSPS), pleaded guilty to conspiracy to defraud the Internal Revenue Service (IRS).



  • OPA Press Releases

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Jury Convicts Two Men for Filing False Claims Against Internal Revenue Service

Jason McGuire of Detroit, Mich., and Delvin Davis of Saint Clair Shores, Mich., were found guilty by a jury sitting in Detroit in the Eastern District of Michigan of conspiracy and filing $3.4 million in false claims in the form of false individual income tax returns and false trust tax returns, the Justice Department and Internal Revenue Service (IRS) announced today.



  • OPA Press Releases

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Owner of Tax Preparation Business in Washington, D.C., Indicted for Conspiring to Defraud the Internal Revenue Service and Preparing False Individual Income Tax Returns

On Feb. 26, 2014, a federal grand jury sitting in the District of Columbia returned a 17 count indictment charging Sherri Davis for conspiring to defraud the Internal Revenue Service (IRS), aiding and assisting in the preparation of false individual income tax returns and filing false individual income tax returns, the Justice Department and IRS announced following the unsealing of Davis’ indictment today.



  • OPA Press Releases

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California Woman Pleads Guilty to Conspiracy to Defraud Internal Revenue Service and Wire Fraud

Kathryn Darlene Coryell, a Fresno, California, resident, pleaded guilty yesterday to conspiracy to defraud the Internal Revenue Service (IRS) and wire fraud, announced Deputy Assistant Attorney General Ronald A. Cimino for the Justice Department’s Tax Division and U.S. Attorney Melinda Haag for the Northern District of California



  • OPA Press Releases

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Washington, D.C., Mother and Son Charged with Conspiring to Defraud Internal Revenue Service

Sherri Davis and her son, Andre Davis, were charged in a superseding indictment with conspiring to defraud the Internal Revenue Service (IRS) and with aiding and assisting in the preparation of false individual income tax returns, the Justice Department and IRS announced today. Sherri Davis was also charged with filing her own false individual income tax returns for tax years 2007 to 2009



  • OPA Press Releases

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Florida Man Sentenced for Filing False Claims with Internal Revenue Service

A Lighthouse Point, Florida, man was sentenced today to serve 12 months and one day in prison for filing a false claim for a tax refund with the Internal Revenue Service (IRS), Deputy Assistant Attorney General Ronald A. Cimino of the Justice Department’s Tax Division and U.S. Attorney Wifredo Ferrer for the Southern District of Florida announced



  • OPA Press Releases

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Fairmount Avenue Townhomes are "high-end, low income, sustainable housing."

Affordable housing doesn't have to look cheap, and LEED Platinum doesn't mean it has to cost a fortune.




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Park Avenue Green is the largest Passive House building in North America

But Passive House is so expensive! How can you build housing for the homeless and low income families this way?





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Oil and gas companies set to lose $1 trillion in revenues this year

The energy sector is shrinking so dramatically that it's become the second-smallest group in the whole S&P index.




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Remdesivir will not be the main driver of Gilead's revenue: Bernstein

Ronny Gal of Sanford C. Bernstein says he thinks remdesivir will not be the most significant revenue contributor for Gilead Sciences over time. He also explains his rationale for raising the company's price target to $75 from $72.




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China tourism revenue drops nearly 60% in first major holiday since coronavirus outbreak

During the Labor Day holiday that ran from May 1 to May 5 this year, China recorded tourism revenue of 47.56 billion yuan ($6.79 billion), down nearly 60% from last year, according to the Ministry of Culture and Tourism.




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Norwegian Cruise Line raises over $2 billion to withstand 'well over' a year without revenue

"When the transactions are completed, the additional liquidity alleviates management's concern about the Company's ability to continue as a going concern for the next 12 months," Norwegian said in a statement Wednesday.




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Apple reports flat revenue and does not offer guidance because of coronavirus uncertainty

Apple did not issue guidance for the quarter ending in June, as it usually does. The company withdrew guidance for its second-quarter in February as the Covid-19 coronavirus spread in China.




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Beyond Meat shares rise as first-quarter revenue soars 141%, but it withdraws 2020 forecast due to coronavirus

Citing uncertainty due to the coronavirus pandemic that's shuttered much of the dine-in restaurant industry around the world, the company suspended its full-year forecast.




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CVS Health first-quarter revenue rose 8% as customers rushed into stores to buy essentials; shares up

The drugstore chain's stores have remained open as an essential retailer during the coronavirus pandemic, and it's also opened drive-thru testing sites.




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New York Times expects ad revenue to plummet 50% in Q2, but broke its record for net new subscriptions in a quarter

The New York Times Company said it expects advertising revenue to fall between 50-55% year-over-year in the second quarter as impacts of the pandemic are hitting demand for advertisers. But the media company, which gets two-thirds of its revenue from subscriptions, said it added more than half a million net new digital subscriptions.




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Lyft beats on earnings and revenue

CNBC's Deirdre Bosa reports quarterly earnings from Lyft.




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Lyft surges on revenue beat

Brent Thill, managing senior analyst at Jeffries and Rohit Kulkarni, analyst at MKM Capital, join "Closing Bell" to discuss markets.




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Zillow beats revenue $1.1B adj. vs. $1.06B estimated

CNBC's Diana Olick reports quarterly earnings from Zillow.




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Brighton chief says follow Bundesliga and scrap neutral venues plan

  • Premier League can resume home and away, says Paul Barber
  • ‘If Germany can, why can’t we make it happen’

Brighton’s chief executive, Paul Barber, has urged Premier League clubs to follow the Bundesliga’s lead and rethink proposals to complete the season at neutral venues.

“If Germany can, why can’t we?” said Barber, who believes the English top flight could resume behind closed doors with home and away matches, as planned in Germany from 16 May.

Continue reading...




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Neutral venue plan has 'no rationale', says former football police commander

  • Premier League could be played as normal, says Owen West
  • ‘Tone demonises fans who have been very mature’

Police advice that Premier League clubs must play at neutral venues if they resume the season has “no rationale” and risks demonising supporters by assuming they will gather unsafely outside grounds, a former football policing commander has said.

Owen West, a recently retired West Yorkshire chief superintendent, told the Guardian that football clubs can help give a lead as local community organisations to any gradual easing of Covid-19 lockdown restrictions and do not need to be switched from their home grounds to play games.

Continue reading...




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Watford chairman questions integrity of 'distorted mini-league' at neutral venues

  • Scott Duxbury: ‘How is there any semblance of fairness?’
  • League would ‘bear no resemblance to the one we started’

Watford have joined Aston Villa and Brighton in voicing objections to the Premier League’s plan to play out the season at neutral venues on police advice, claiming it would be unfair to relegate clubs on the basis of a competition that “bears no resemblance to the one that was started”.

Sitting just above the bottom three when the league was suspended and uncomfortably aware Villa could leapfrog them if they play and win their game in hand, Watford were due to play five of their remaining nine fixtures at Vicarage Road and feel that being deprived of home advantage could affect the number of points they gather.

Continue reading...




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Postal Service sees fiscal second quarter revenue gain and further net losses

Quarterly revenue—at $17.8 billion—headed up $348 million on an annual basis. But, despite the revenue gain, volume declined, falling 2.3% to 34,013 total pieces, and total operating expenses—at $22.3 billion—were up$2.8 billion, or 14.2%.




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Watford third team to oppose Premier League neutral venue proposals

Watford become the third team to publicly oppose the use of neutral venues when Premier League football returns.




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Mumbai now has a choice of venues screening indie films

Last Sunday evening, nearly 400 people made it to Juhu's Novotel Hotel to watch a screening of Pulp Fiction. What made the evening special was that the "seats" i.e. the gaddas were laid by the pool, with cool breeze blowing in from the Arabian Sea.

It was the first film screening in the city organised by SteppinOut Movie Nights, which has presence across Chennai, Delhi and Bangalore. Ojal Kulkarni, the brand head for the firm, says they chose Novotel for its cool vibe and plan a movie night at the venue every two months.

In a city that's brimming with cinephiles it only makes sense to have non-commercial venues that will screen the classics as well as the indie films. And, Novotel promises to be a killer of a venue. Tickets will range from Rs 300 to Rs 400 and the movies will be chosen after a poll is conducted on their FB page.

But, if you can't wait until then to catch a screening of some well-curated films, along with other lovers of cinema, here are the some of the other venues in the city to watch out for.





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Maharashtra government nets Rs 62-crore revenue in 2 days of liquor sale

The Maharashtra government collected more than Rs 62 crore revenue in two days of liquor sale after relaxations in COVID-19 lockdown were announced, said a senior official on Tuesday. The amount was collected by the excise department by Tuesday night with just one third of the total number of liquor shops in the state remaining open, he said. An estimated 16.10 lakh litres of bottled IMFL, beer, wines and country liquor were sold, he said.

The state has over 10,000 licensed shops that sell country liquor, IMFL, wine and beer of which merely 3,500 operated on Monday and Tuesday, he said. The long queues of tipplers outside liquor outlets led to the excise department recording an estimated revenue of Rs 62.55 crore by Tuesday night, he said. Of this, Rs 11 crore was collected on Monday, the day one of liquor sale, the official said. Following relaxations in lockdown norms, long queues of tipplers were seen outside standalone liquor shops on Monday in various parts of Maharashtra though authorities in some districts decided not to permit alcohol sale.

All liquor shops were closed ever since a national lockdown was imposed across the country on March 25 to halt the spread of coronavirus. The lockdown was extended till May 17, but standalone liquor shops were permitted to operate as part of relaxations by the state government. There are 10,822 license holders in the state of which 3,543 opened for business. The long queues outside every shop have now reflected in states coffers with the sale of an estimated 16.10 lakh litres of bottled IMFL, beer, wines and country liquor.

"The estimated earnings from the sale stood at Rs 62.55 crore, said Kantilal Umap, state excise commissioner. There are 17 districts (out of total 36) in Maharashtra where liquor shops remained open. Collectors in nine districts have decided not to permit opening of liquor shops to avoid the spread of the coronavirus infection. Two districts - Osmanabad and Latur - had opened shops but due to crowding, the authorities immediately ordered their closure.

There are five other districts where liquor shops were not opened but the authorities are working out a plan to allow them to operate in the coming days. Maharashtra has three dry districts - Wardha, Gadchiroli and Chandrapur.

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Tax-News.com: South Africa To Launch Inquiry Into Tax Revenue Shortfall

South Africa is to launch an inquiry into the reasons behind a shortfall in tax revenue collections.




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Tax-News.com: Canada Revenue Agency To Improve Digital Platform

The Canada Revenue Agency is to collaborate with an association of tax preparation and software firms to improve the digital services it provides to taxpayers.




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Tax-News.com: OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies.




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Tax-News.com: OECD Says Digital Tax Plans Will Boost Most States' Revenues

During a February 13, 2020, webcast, the OECD presented economic analysis on the potential impact of what it has proposed on international tax reform to address the digitalization of the economy.




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Tax-News.com: OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies.




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Tax-News.com: Irish Revenue Issues Guidance On COVID-19 Corporate Tax Return Deferral

The Irish Revenue has updated its guidance on the impact on relief claims of the late filing of corporate tax returns, in the context of the coronavirus pandemic.




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Will Ancillary Revenues become Primary Revenues in the COVID Era?

HVS ANAROCK spoke about ancillary revenues in early 2019 and the concept of focusing on Revenue Per Square Feet at our HOPE conference again in Bengaluru in August last year - thus, initiating a dialogue with the industry on the concepts of Total Re...




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Revenue Statistics: Key findings for Sweden

The tax-to-GDP ratio in Sweden decreased by 0.5 percentage points from 44.4% in 2017 to 43.9% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.




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Revenue Statistics: Key findings for Spain

The tax-to-GDP ratio in Spain increased by 0.7 percentage points from 33.7% in 2017 to 34.4% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.




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Revenue Statistics and Consumption Tax Trends 2014: Key findings for Switzerland

The tax burden in Switzerland increased by 0.2 percentage points from 26.9% to 27.1% in 2013. The OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Swiss standard VAT rate is 8%, which is one of the lowest standard VAT rates in the OECD and considerably below the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014




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Revenue Statistics: Key findings for Switzerland

The tax-to-GDP ratio in Switzerland decreased by 0.5 percentage points from 28.4% in 2017 to 27.9% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.




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Rising tax revenues are key to economic development in African countries

Tax revenues in African countries are rising as a proportion of national incomes, according to the inaugural edition of Revenue Statistics in Africa. In 2014, the eight countries covered by the report - Cameroon, Côte d’Ivoire, Mauritius, Morocco, Rwanda, Senegal, South Africa and Tunisia - reported tax revenues as a percentage of GDP ranging from 16.1% to 31.3%.




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Revenue Statistics Africa: Key findings for South Africa

This country note for South Africa provides detailed information on the evolution of the tax-to-GDP ratio since 2000, the structure of tax and non-tax revenues in 2017, and a comparison of the tax-to-GDP ratio as well as non-tax revenues as percentage of GDP with 26 African countries. Main results are also compared with the three regional averages (African (26), LAC and OECD).




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Revenue Statistics and Consumption Tax Trends 2014: Key findings for Slovenia

The tax burden in Slovenia increased by 0.3 percentage points from 36.5% to 36.8% in 2013. The OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Slovenian standard VAT rate is 22%, which is above the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.




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Revenue Statistics: Key findings for Slovenia

The tax-to-GDP ratio in Slovenia increased by 0.1 percentage point from 36.3% in 2017 to 36.4% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.




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Revenue Statistics and Consumption Tax Trends 2014: Key findings for the Slovak Republic

The tax burden in the Slovak Republic increased by 1.5 percentage points from 28.1% to 29.6%, the third highest rise amongst member countries in 2013. The OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Slovak standard VAT rate is 20%, which is above the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.




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Revenue Statistics: Key findings for the Slovak Republic

The tax-to-GDP ratio in the Slovak Republic did not change between 2017 and 2018. The tax-to-GDP ratio remained at 33.1%. The corresponding f gure for the OECD average was a slight increase of 0.1 percentage points from 34.2% to 34.3% over the same period