Bank of New York Case Tests IRS Power to Halt Foreign Tax Abuses

By Megan Murphy and Vanessa Houlder, Financial Times, and Jeff Gerth, ProPublica Apr 16, 2012 In November 2001, the Bank of New York quietly transferred nearly $8 billion of its assets -- almost 10 percent of its holdings at the time -- to a trust in the small, business-friendly state of Delaware in a critical first step in setting up a tax shelter that has cost the government more than $1 billion in revenue in the past decade. Dig deeper ( 7 Min. Read )

Inside Romney’s Tax Returns

By Lena Groeger, ProPublica Jan 26, 2012 Republican presidential candidate Mitt Romney released 550 pages of tax returns Tuesday and news organizations are making their way through them ProPublica shows us where to look to make sense of the numbersRepublican presidential candidate Mitt Romney released 550 pages of tax returns Tuesday. Dig deeper ( 4 Min. Read )

The Real Cause of America’s Debt Crisis

Staff / Truthdig Jul 26, 2011 Over the past century, America's rich made their millions and billions through the use of public assets shared by everyone. By virtue of those profits, they have not only a moral, but a rational obligation to pay more for the upkeep of public services. (more) Dig deeper ( 2 Min. Read )

IRS to Tax the Purchase of Political Power Through Nonprofits

Staff / Truthdig May 13, 2011 Clandestine political financiers such as David H. Koch, who along with his brother Charles has bankrolled the tea party movement, may soon be hit with “gift taxes” for each donation to nonprofit political advocacy groups. The Internal Revenue Service has been able to tax such contributions since 1982, but it has rarely happened, The New York Times reports. Dig deeper ( 2 Min. Read )

Stop Slandering the IRS

E.J. Dionne Jr. / Truthdig Apr 15, 2010 Every April the Web and the commentary pages overflow with sweeping falsehoods that libel the work of committed federal employees, such as Vernon Hunter, the Vietnam veteran who was recently murdered by an anti-tax terrorist. Dig deeper ( 3 Min. Read )

The Difference Between a Terrorist and Someone Who Flies a Plane Into a Building

Reese Erlich / Truthdig Mar 12, 2010 There seems to be some confusion about who are the real terrorists these days. Allow me to shed some light on the issue. Dig deeper ( 3 Min. Read )

Hazmat Teams Called to IRS Building in Utah

Staff / Truthdig Mar 2, 2010 A "suspicious substance" caused a ruckus at an Internal Revenue Service outpost in Ogden, Utah, on Monday, and hazardous materials crews and the FBI were called in Later, an official said the substance was found to pose no danger (continued) Updated. Dig deeper ( 1 Min. Read )

Terrorism by Any Name

Marcia Alesan Dawkins / Truthdig Feb 22, 2010 What’s as interesting as Stack’s motives are our motives in labeling this act. Was Stack’s gesture an attention-grabbing suicide plot, a deliberate criminal act, an act of heroism or an act of terrorism? It seems that the answer varies according to whom we ask.Was Stack’s gesture an attention-grabbing suicide plot, a deliberate criminal act, an act of heroism or an act of terrorism? Dig deeper ( 6 Min. Read )

Austin Plane Attack: Tea Party Terrorism?

Staff / Truthdig Feb 19, 2010 Authorities continue to investigate why Joe Stack of Texas flew his small airplane into the Austin offices of the IRS, but based on early reports and a tirade the attacker posted on the Internet, it had something to do with taxes, big government, corporate crime and bailouts. (continued) Dig deeper ( 2 Min. Read )

IRS Unit Aims at Deep Pockets

Staff / Truthdig Dec 12, 2009 An Internal Revenue Service unit is being developed to catch wealthy tax cheats who find ways to hide their assets in different businesses and accounts. The new unit reportedly has hired hundreds of employees to combat international tax evasion. Dig deeper ( 1 Min. Read )

AIG Claims It Overpaid Taxes, Sues Government

Staff / Truthdig Mar 21, 2009 Having succeeded in dispensing tens of millions of dollars to company executives last week as the country -- and Congress -- cried foul, the insurance titan is now suing the government to reclaim millions in taxes. Apparently AIG officials believe they paid the IRS too much and now are demanding a huge tax rebate. Dig deeper ( 1 Min. Read )

Spitzer Avoids Prosecution

Staff / Truthdig Nov 7, 2008 Former New York Gov. Eliot Spitzer has avoided criminal charges for his well-publicized escapades with sex workers while in office. Largely responsible for the development was a decision by federal prosecutors to investigate Spitzer on questionable financial transactions -- where they found no evidence of misuse -- rather than the more titillating accusation of "transporting prostitutes across state lines." Dig deeper ( 1 Min. Read )