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US Senate Accuses Foreign Banks Of Being Complicit In Tax Evasion

Posted by James Breen at 18 July 2008 19:17

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The present government has favored a low taxation policy to encourage foreign direct investment in Ireland. Consequently, the government opposes moves by the European Commission to restrict taxing competition. The previous government of 1994-1997 introduced a corporate tax rate that is only 12.5%, versus between 15% and 60% in the rest of Europe. Corporation Taxed is a tax in the Republic of Ireland. This taxed is charged on the company's profits which include the income and chargeable gains. The ..next.

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Interesting. WASHINGTON (AFP) - A US Senate investigative panel accused two prominent banks in Liechtenstein and Switzerland on Wednesday of helping wealthy Americans hide billions of dollars and evade taxes. The Senate panel said its probe found that LGT Bank in Liechtenstein and UBS in Switzerland have maintained thousands of US client accounts with billions of dollars in assets that have not been disclosed the, the Internal Revenue Service (IRS). "UBS alone has an estimated 19,000 ....

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If you were one of the many expecting tax refunds then you will be wondering where it's got too recently. Recent news has stated that there has been an error on the HM Revenue and Customs tax form on the website that rejected all the entries it received, this means that no one .. full article.

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