Bulgarians Hide BGN 5 B of Taxes for 2 Years
Bulgarians have evaded taxes amounting as much as to BGN 5 B over the course of the last two years, according to a report by the National Revenue Agency for 2010. The Sega daily however reports that BGN 3 B out of them are non-collectible, for the debtors have almost no assets. Those are however only the tax evasions detected upon revisions, with more expected to have remained undiscovered. …
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Could Taxing the Rich Solve the Federal Budget Deficit?
COMMENTARY | The Internal Revenue Service provides a great deal of data at its website about taxes, tax returns and the demographics of taxpayers. The most current information at this time is from 2008. Let’s take a look at individual filings and see what the data tell us.
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Osbournes owe .7 million in back taxes
Ozzy and Sharon Osbourne were once one of the richest couples in the U.K. Now, Uncle Sam’s coming to take their house.
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Paying Zero Income Taxes: Ask the CEOs
NEW YORK (TheStreet) — General Electric, the industrial conglomerate, is reported to have paid little to no taxes in 2010, and received a tax benefit of $ 3.2 billion. So TheStreet asks the CEOs: With the typical federal tax rate of 35% for U.S. corporations, should a company, through “tax benefit” accounting or off-shoring of assets, be allowed to pay zero income taxes? … Click to view a …
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