The Justice Department got a black eye last week in a case involving a 79-year old Florida widow with $43 million in offshore accounts.
By Lynnley Browning
FORTUNE -- Federal judges usually dislike tax evaders, and in recent years they have imposed hefty fines, lengthy probation, and even prison sentences on dozens of Americans with offshore bank accounts. But the watershed case of Mary Estelle Curran, a 79-year-old widow who earned MOREApr 29, 2013 2:33 PM ET
Tax worries delayed spin-out of $31 billion investment group.
FORTUNE -- French insurance giant AXA Group today reached an agreement to spin out its $31 billion private equity unit, a whopping 18 months after originally putting the unit up for sale. Part of the delay apparently related to uncertainty over new tax schemes being proposed by French President Francois Hollande.
The entire deal values AXA Private Equity at €510 million, and includes MOREDan Primack - Mar 22, 2013 2:59 PM ET
The beaches are inviting, but Puerto Rico's political risks and its high crime rate should make wealthy tax-dodging Americans think twice before moving.
By Cyrus Sanati
FORTUNE -- John Paulson and other plutocrats should think twice before moving to Puerto Rico in search of a tax break. While the Caribbean Island's recent push to lure wealthy individuals from the U.S. mainland seems like a great deal, there is no guarantee that MOREMar 12, 2013 10:31 AM ET
Two new charges may not affect middle-class taxpayers now, but left unchecked, they will.
FORTUNE -- Okay, middle-class taxpayers: Listen up. Our national government in Washington is screwing you again. This time the screwing involves the way that two new income tax surcharges, supposedly designed to affect only the "rich," will reach deeper and deeper into the middle class unless something is done now to rein them in.
I'm talking about the MOREAllan Sloan, senior editor-at-large - Feb 27, 2013 5:00 AM ET
Dell's buyout won't free its 'trapped' foreign cash.
FORTUNE -- Dell Inc. has approximately $11 billion of cash "trapped" overseas. And now some folks think that the company's $24.4 billion buyout will help it bring some of that cash stateside without tax consequences. They are wrong.
Here is the basic argument for claiming the Dell (DELL) buyout is, in the words of Slate's Matt Yglesias, "essentially a large-scale tax-avoidance scheme."
Dell is going MOREDan Primack - Feb 6, 2013 3:38 PM ET
Why banks may be eager to lend Dell $15 billion.
FORTUNE -- Dell Inc. has its major asset—about $11 billion of cash—located primarily outside the United States. That means that it would face a multi-billion-dollar tax bill if it repatriated the money or borrowed against it. Therefore, most people have assumed that Dell's cash is essentially useless when it comes to funding a possible buyout, or helping Dell (DELL) pay its post-buyout MOREAllan Sloan, senior editor-at-large - Jan 22, 2013 1:10 PM ET
VC investment in medical device companies climbs in Q4.
FORTUNE -- Are venture capitalists abandoning medical device startups because Obamacare now requires such companies to pay a 2.3% excise tax on gross sales?
This was a question I first addressed last month, following a Fox Business story that made such an argument. In short: I found it to be bunk.
Fox Business based its piece on a single quarter of MoneyTree deal data, MOREDan Primack - Jan 18, 2013 3:54 PM ET
The political compromise does little to address the consistent headwinds that undermine growth, hold back corporate investment, and dampen job creation.
By Mohamed El-Erian
FORTUNE -- The compromise reached by Congress, after multiple rounds of painful negotiations, makes some political sense. The economic benefits are mixed, at best. The social dimension is notable, but will need to be quickly reinforced by measures to reinvigorate economic growth and job creation.
The political MOREJan 2, 2013 6:47 AM ET
It seemed like a great idea at the time: sweeping tax cuts that would never go away because of an endless economic boom. The day of reckoning has come.
FORTUNE -- What seems brilliant today can come back to bite you in the butt tomorrow when the world changes. That's my major takeaway from the fiscal cliff soap opera.
It's a lesson that Republican tax-cutting zealots are now learning, painfully, as their MOREAllan Sloan, senior editor-at-large - Dec 21, 2012 5:00 AM ET
Whether or not the president and lawmakers reel us in from the fiscal cliff, the tax debate is sure to keep going.
By Becky Quick, contributor
FORTUNE -- It's an argument as old as politics itself: How do we responsibly finance the system of government that provides the basic framework of our society? Taxation without representation was at the core of forming this country. Now the rate and distribution of taxes MOREDec 7, 2012 5:00 AM ET
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