Treasury Department Archive

Onetime Trump Foe, Michael Avenatti, Sentenced to 14 Years In Federal Prison

TweetShareSharePin0 Shares Disgraced lawyer, Michael Avenatti, has been sentenced to 14 years in federal prison for stealing from clients and tax fraud. Credit: Spencer Platt/Getty Images According to an official release from the IRS, Avenatti was sentenced to 168 months behind bars for stealing millions of dollars from his clients – one of whom was a paraplegic with

Future of Tobacco Taxation in Europe

TweetShareSharePin0 Shares Later this week, the European Union is expected to release a new Tobacco Tax Directive, the first update in more than a decade. Early reports indicate that the EU will propose a significant increase to the existing minimum cigarette tax rates levied across the Union and expand the product categories that are taxed,

Business Interest Deduction Limitation Policies

TweetShareSharePin0 Shares As part of the 2017 Tax Cuts and Jobs Act (TCJA), the United States enacted a new limitation on interest deductions for businesses. While it is common for countries across the Organization for Economic Cooperation and Development (OECD) to set limits for interest deductions, starting this year, the U.S. became an outlier by

Dear European Court of Justice, you were played

TweetShareSharePin0 Shares Excerpt from my article published today in Le Monde and OCCRP on the perverse decision by the European Court of Justice to strike down beneficial ownership transparency: “On November 22, 2022, the European Court of Justice reversed a decade of progress against financial secrecy, to the cheers of sanctioned oligarchs and tax dodgers

Partisan Arguing Over A Government Funding Bill

TweetShareSharePin0 Shares Republicans push for a month-long continuing resolution. GOP lawmakers insist the government funding bill should include more funding for the military than for domestic programs. In recent years, Congress generally split discretionary funding evenly in year-end spending bills. Some Republicans say they want a short-term continuing resolution that will run to mid-January, when

Jeweler Convicted of Selling Counterfeit Rolexes, $750,000 Financial Fraud

TweetShareSharePin0 Shares Following an investigation by IRS Criminal Investigation and the Federal Bureau of Investigation (FBI), a Philadelphia jeweler has been convicted of selling counterfeit Rolex watches, among other crimes. Credit: Levent Kulu/Getty Images Dimitre Hadjiev, a resident of Upper Darby, PA, has operated a jewelry store in the 300 block of Philadelphia’s South Street

Jury Deliberates After Prosecutors Allege Donald Trump Knew About Tax Fraud

TweetShareSharePin0 Shares The 12-person jury in the Trump Organization criminal trial begins deliberations today, Monday, December 5, after the prosecution alleged that Donald Trump knew about the tax fraud scheme while it was occurring. Credit: Michael M. Santiago/Getty Images During closing arguments on Friday, Assistant District Attorney Joshua Steinglass told jurors in Manhattan Criminal Court, “Donald

Government Funding, Returns, Audits, And A New Tax For Now

TweetShareSharePin0 Shares Modest progress in spending talks. Senate Majority Leader Chuck Schumer said he’s encouraged. House Speaker Nancy Pelosi said she still hopes that Congress will address the debt limit in a bipartisan manner, ideally this year, but a year-long spending bill is a higher priority. She told reporters, “If we can’t have a solution,

You cannot copy content of this page

Social Media Auto Publish Powered By :