by Scott Knott | Sep 9, 2021 | Aggressive Tax Positions, Taxpayer Underpayment, Whistleblower Awards
The US Treasury just released a Report authored by Natasha Sarin, Deputy Assistant Secretary for Economic Policy, titled “The Case for a Robust Attack on the Tax Gap” , and it provides new information on what the Government views as to what constitutes the...
by Lynam Knott | Mar 29, 2017 | Aggressive Tax Positions, Offshore Assets, Taxpayer Underpayment, Uncertain Tax Positions
A recent study by the Institute on Taxation and Economic Policy details how Fortune 500 Companies are holding a record $2.6 trillion offshore, thereby avoiding $767 billion in U.S. taxes. While we believe much of this amount is the result of lawful tax planning...
by Lynam Knott | Jan 14, 2014 | Aggressive Tax Positions, Taxpayer Underpayment, Uncertain Tax Positions, Whistleblower Awards
Today’s CFO Journal reported that a warning from the Public Company Accounting Oversight Board (“PCAOB”) late last year has resulted in much more stringent external audits being conducted by auditors of public companies. PCAOB has been...
by Lynam Knott | Jan 13, 2014 | Department of Justice, Offshore Assets, Taxpayer Underpayment
Last week a Swiss Federal Administrative Court rejected a U.S. government request for banking data on U.S. clients of Swiss bank Julius Baer. This ruling related to a group request for U.S. taxpayers with undisclosed accounts filed on a no-name basis. ...
by Lynam Knott | Nov 6, 2013 | Aggressive Tax Positions, Criminal Fines, Department of Justice, Taxpayer Underpayment
Tax shelters are an on-going battle for the IRS and the Department of Justice with large amounts of money at stake for the government, the taxpayer, and possibly for a knowledgeable whistleblower. Tax shelter cases involve schemes that attempt to manipulate...
by Lynam Knott | Oct 28, 2013 | Aggressive Tax Positions, Offshore Assets, Taxpayer Underpayment, Uncertain Tax Positions
Kudos to Martin Sullivan, Chief Economist and Contributing Editor at Tax Analysts who had a nice piece in the Washington Post published about him over the weekend. I’ve always admired Marty’s ability to cut through the political BS and revenue...
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