Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label US Govt Federal taxes. Show all posts
Showing posts with label US Govt Federal taxes. Show all posts

Wednesday, March 11, 2015

A record 3,415 Americans ditch their passports - Feb. 12, 2015

A record 3,415 Americans ditch their passports - Feb. 12, 2015:

"Goodbye, sayonara, ciao, Uncle Sam!

The number of Americans choosing to give up their passports hit a record 3,415 last year, up 14% from 2013, and 15 times more than in 2008, when only 231 people renounced their citizenship.

Experts say the recent surge is coming from expats who no longer want to deal with complicated tax paperwork, a burden that has only gotten worse in recent years.

Unlike most countries, the U.S. taxes all citizens on income, no matter where it is earned or where they live. The mountain of paperwork can be so complicated that expats are often forced to fork over high fees to hire an accountant -- some say they pay as much as $1,000.

Related: Giving up your U.S. passport? It's going to cost you" Read more:

http://money.cnn.com/2015/02/12/pf/americans-expat-citizenship-passports/index.html?iid=EL

'via Blog this'
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Monday, March 31, 2014

News from The Hill Caterpillar avoided $2.4B in taxes, charges Sen. Levin By Peter Schroeder

News from The Hill

Caterpillar avoided $2.4B in taxes, charges Sen. Levin By Peter Schroeder

Caterpillar avoided $2.4 billion in taxes thanks to a reorganization that housed its most profitable business in Switzerland, according to a Senate report.

While the report, from the Senate Permanent subcommittee on Investigations, said Caterpillar had done nothing illegal, it criticized the manufacturing giant for trying to avoid paying U.S. taxes.

“Caterpillar is an American success story that produces tremendous industrial machines,” Sen. Carl Levin (D-Mich.), the head of the investigatory panel, said Monday. “But it’s also a member of the corporate profit-shifting club that has shifted billions of dollars in profits offshore to avoid paying U.S. taxes."


Read the story here.
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