payers

Court Authorizes Service of John Doe Summons Seeking the Identities of U.S. Taxpayers with Offshore Accounts at Canadian Imperial Bank of Commerce’s FirstCaribbean International Bank

The Justice Department announced that late yesterday a federal court in San Francisco entered an order authorizing the Internal Revenue Service to serve a John Doe summons seeking information about U.S. taxpayers who may hold offshore accounts at Canadian Imperial Bank of Commerce FirstCaribbean International Bank.



  • OPA Press Releases

payers

Court Authorizes IRS to Issue Summonses for Records Relating to U.S. Taxpayers with Offshore Bank Accounts

Five Banks Directed to Produce Records for Accounts at Zurcher Kantonalbank, The Bank of N.T. Butterfield & Son Limited and Affiliates



  • OPA Press Releases

payers

California Banker Charged with Helping U.S. Taxpayers Conceal Secret Israeli Bank Accounts

Shokrollah Baravarian, of Beverly Hills, California, was charged today in the U.S. District Court for the Central District of California with conspiracy to defraud the United States.



  • OPA Press Releases

payers

Credit Suisse Pleads Guilty to Conspiracy to Aid and Assist U.S. Taxpayers in Filing False Returns

Credit Suisse AG pleaded guilty today to conspiracy to aid and assist U.S. taxpayers in filing false income tax returns and other documents with the Internal Revenue Service.



  • OPA Press Releases

payers

Remarks by Assistant Attorney General for the Criminal Division Leslie R. Caldwell at the Taxpayers Against Fraud Education Fund Conference

Qui tam cases are a vital part of the Criminal Division’s future efforts. We encourage you to reach out to criminal authorities in appropriate cases, even when you are discussing the case with civil authorities. The sooner we on the criminal side learn about potential criminal conduct, the sooner we can investigate.




payers

7 of Top 10 Counties by Share of Taxpayers Claiming EITC Are in Mississippi


In new Urban-Brookings Tax Policy Center analysis of Earned Income Tax Credit (EITC) take-up at the county level, Benjamin Harris, a fellow in Economic Studies, and Research Assistant Lucie Parker use zip-code level data on taxes and demographics to take a "fresh look" at the EITC. "Since its creation in 1975," they write, "the Earned Income Tax Credit has played a major role in the U.S. safety net." Earlier this year, Harris presented EITC take-up using IRS data from 2007. Compare that to the new list of ten counties with the highest share of EITC recipients below:

Rank  County EITC Share (pct)
10 Sharkey Co., MS 50.5
9 Quitman Co., MS 50.7
8 Coahoma Co., MS 51.6
7 Starr Co., TX 52.1
6 Claiborne Co., MS 52.7
5 Humphreys Co., MS 53.0
4 Buffalo Co., SD 54.1
3 Shannon Co., SD 54.5 
2 Holmes Co., MS 55.5
1 Tunica Co., MS 56.1

"The regional variation EITC claiming is stark," Harris and Parker conclude. "The counties with the highest share of taxpayers claiming the EITC are overwhelming located in the Southeast. ... [O]ver half the taxpayers in a large share of counties in Alabama, Georgia, and Mississippi claim the EITC. With few exceptions, almost all counties with high EITC claiming are located in the South. Relative to the South, the Northeast and the Midwest have much lower claiming rates. Moreover, average EITC benefit closely follows the pattern for share of taxpayers taking up the credit: in counties where more taxpayers claim the credit, the credit is larger on the whole."

Visit this U.S. map interactive to get county level data on share of taxpayers claiming EITC as well as average EITC amount, in dollars, per county.

Authors

  • Fred Dews
     
 
 





payers

Dividend payers are still 'winners in this market,' ETF analyst says. Here's why

As more and more S&P 500 companies cut or suspend their dividend payments, one issuer speaks to how his dividend-based exchange-traded fund is managing the shift.




payers

Seeks to extend the due date for furnishing FORM GSTR-3B, Jan-March, 2020 returns for the taxpayers registered in Ladakh

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance




payers

Tax-News.com: India Consults Taxpayers On Income Tax Law Reform

India has launched a consultation on efforts to reform the country's 1961 income tax law, to be led by a newly constituted task force.




payers

Tax-News.com: Malaysian Taxpayers Seek 'Fairer' Tax System

The Consumers Association of Penang (CAP) has called on the Malaysian Government to reintroduce inheritance tax in the Budget 2018.




payers

Tax-News.com: New Zealand To Better Track Taxpayers' Property Transactions

New Zealand's Inland Revenue has announced that those who buy and sell property will be required to provide their IRD number on land transfer documentation, to improve the agency's ability to enforce the tax rules on property speculation.




payers

Tax-News.com: Irish Taxpayers Must Renew 2014 Tax Rulings

Companies with a tax ruling dating from 2014 from the Irish Revenue have been encouraged to renew these before they expire.




payers

Tax-News.com: Pakistan Targeting Panama, Bahamas Leaks Taxpayers

Pakistan's Finance Minister, Mohammad Ishaq Dar, has directed the Federal Board of Revenue to approach the tax authorities of nine territories about information in the Panama and Bahamas leaks.




payers

Tax-News.com: Jersey Reassures Taxpayers Over Return Delays

Revenue Jersey has sought to reassure taxpayers over fears that they will be charged the default effective rate of tax from next January.




payers

Tax-News.com: US Taxpayers Can Apply Online For COVID-19 Economic Impact Payments

On April 15, 2020, the United States Internal Revenue Service unveiled the "Get My Payment" online tool that will allow taxpayers to receive economic impact payments under the Coronavirus Aid, Relief, and Economic Security Act.




payers

Simplified registration and collection mechanisms for taxpayers that are not located in the jurisdiction of taxation

This paper reviews and evaluates the efficacy of simplified tax registration and collection mechanisms for securing compliance of taxpayers over which the jurisdiction with taxing rights has limited or no authority to effectively enforce a tax collection or other compliance obligation.




payers

Tax administration responses to Covid-19: support for taxpayers

These suggestions are not recommendations but are intended to assist administrations globally in their consideration of appropriate measures in their own national contexts to help taxpayers during this difficult period.




payers

Tackling the coronavirus: OECD Forum on Tax Administration publishes actions that tax administrations are currently taking to support taxpayers

In the light of the worsening global impacts of Covid-19 on individual taxpayers, businesses and the wider economy, the OECD Forum on Tax Administration (FTA) has today published a global reference document setting out actions that FTA tax administrations are currently taking to support taxpayers.




payers

President Trump's golf trip to Scotland cost taxpayers $1.2MILLION

Contracts show $1,094,250.39 was spent on cars, $30,073.58 was spent on installing phone lines and $30,073.58 was paid to SLC Turnberry Limited, which is part of The Trump Organization.




payers

ALISON BOSHOFF asks why fatcats worth millions want taxpayers to cover staff wages during lockdown

ALISON BOSHOFF: With Prince Charles not asking for help from the Government's coronavirus furlough scheme - but Victoria Beckham among those taking it - it's sparking furious debate.




payers

Labour campaign to shut down private schools 'could cost taxpayers billions'

Class sizes and costs for local councils would soar of thousands if extra students has to be absorbed by the state system, the Independent Schools Council (ISC) warned.




payers

Why we are nowhere near a Zika vaccine - despite millions of taxpayers’ money spent

Even with pre-clinical and early stage clinical trials underway, we still may not see a Zika vaccine licensed and approved for use in humans for years.




payers

Taxpayers' money STILL being used to fund despotic regimes

The Foreign Office has been condemned by senior MPs and human rights groups for continuing to use aid money intended to alleviate poverty to help some of the world's most brutal regimes.




payers

ALISON BOSHOFF asks why fatcats worth millions want taxpayers to cover staff wages during lockdown

ALISON BOSHOFF: With Prince Charles not asking for help from the Government's coronavirus furlough scheme - but Victoria Beckham among those taking it - it's sparking furious debate.




payers

Taxpayers coughed up $7million in one year on cocktail parties including $165,000 for sports dinners

Taxpayers in 2017 stumped up $45,000 and $120,000 for two separate Australian Sports Commission dinners in Melbourne and Sydney hosted by cabinet minister Greg Hunt.




payers

Taxpayers say it's time for Prince Harry and Meghan Markle to pay back £2.4m cost to fix up Frogmore

The couple took the eye-watering sum from the Sovereign Grant in April last year to fund the massive renovations at their home on the Windsor estate in Berkshire (pictured).




payers

Liberal MP and former tennis star John Alexander charged taxpayers to stay at his own luxury retreat

The Sydney backbench MP and former tennis star charged taxpayers $91 so he could stay at his luxury retreat at Kangaroo Valley on the NSW South Coast. That was before $266 in car travel costs.




payers

Council is accused of wasting taxpayers money by painting 'Thank you NHS' messages on roads

Swindon Borough Council has come under fire after it took to social media to reveal that its Highways Team had painted a 'thank you' message to NHS staff amid the coronavirus pandemic.




payers

Classrooms in 800 Pakistani schools paid for with UK taxpayers' cash are closed

Classrooms in 800 Pakistani schools, paid for with British aid, have closed as they are not fit for use. An estimated 115,000 children are left taking classes outside or in overcrowded rooms.




payers

RUTH SUNDERLAND: Why Britain MUST bail out Richard Branson - however mad it sounds for the taxpayers

RUTH SUNDERLAND COLUMN: If ministers let Richard Branson's Virgin Atlantic crash into the ground, we will all be the poorer for it.




payers

Prime Minister and girlfriend Carrie Symonds help out taxpayers by flying British Airways economy

EXCLUSIVE: The Prime Minister landed in St Lucia on Thursday morning after a long-haul British Airways flight from London. It has now emerged he and Carrie Symonds were seated in economy.




payers

The shareholders asking taxpayers to bail out Virgin Australia are billionaires

Some of the richest people in the world are asking the hardworking mums and dads of Australia to pay for the failure of their airline.




payers

Taxpayers will pay $15million for footpaths to be widened to allow social-distancing

The NSW government said the Streets as Shared Spaces program would help councils provide more space for people to walk, cycle and exercise safely. 




payers

How taxpayers are funding a service so drug addicts can stock up during coronavirus lockdown

The drug and alcohol treatment and research service helps people affected by substance abuse and is partly financed by Australian state and federal governments.




payers

Premier League clubs accused of moral bankruptcy as they make most of tax-payers' money

The Premier League stood accused of moral bankruptcy on Wednesday night as its clubs pocketed tax-payers' money for non-football staff while paying players more than £100,000-a-week.




payers

CBDT orders tax officials to not issue scrutiny notices to taxpayers

Move comes after a group of IRS created panic and tax policy uncertainty




payers

A time study of audiological practice patterns and the impact of reimbursement changes from third part payers




payers

Narendra Modi’s trip costs $3,73,000 to Canadian taxpayers: Report