taxes

Obama: Overseas tax dodges are ‘unpatriotic’

Obama: Overseas tax dodges are ‘unpatriotic’

President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic. Obama is denouncing “tax inversions” in his weekly radio and Internet address. He says companies are essentially renouncing their citizenship to avoid paying their fair share. Obama says the best way to address the problem is […]

IRS claims emails lost in tea party tax scandal

IRS claims emails lost in tea party tax scandal

The Internal Revenue Service said Friday it has lost a trove of emails to and from a central figure in the agency’s tea party controversy, sparking outrage from congressional investigators who have been probing the agency for more than a year. The IRS told Congress Friday it cannot locate many of Lois Lerner’s emails prior […]

April 15th tax deadline? Not really

April 15th tax deadline?  Not really

The calendar shows April 15, and you haven’t even started on your federal tax return? Chances are, you don’t need to fret. If you’re due a refund — and about three-fourths of filers get refunds — April 15 isn’t much of a deadline at all. The Internal Revenue Service doesn’t like to talk about it, […]

How did Caterpillar avoid paying billions in taxes?

How did Caterpillar avoid paying billions in taxes?

Executives from manufacturing giant Caterpillar Inc. are heading to Capitol Hill to explain what one senator calls an aggressive strategy to avoid paying billions of dollars in U.S. taxes. Caterpillar has avoided paying $2.4 billion in U.S. taxes since 2000 by shifting profits to a wholly-controlled affiliate in Switzerland, according to a report released by […]