Schumer ‘Appalled’ by Conservative Reaction to Tax-Dodger Bill

Staff / Truthdig May 24, 2012 Sen. Chuck Schumer is ripping conservatives for their response to legislation he co-sponsored that would punish those who renounce their citizenship to avoid paying taxes. The bill was introduced after Facebook co-founder Eduardo Saverin gave up his U.S. citizenship right before he was expected to earn billions from the company's much anticipated IPO. Dig deeper ( 2 Min. Read )

Bill Takes Aim at Facebook Co-Founder’s Tax Scheme

Staff / Truthdig May 17, 2012 Facebook co-founder Eduardo Saverin has renounced his American citizenship in a bid to avoid up to $67 million in taxes on the billions he’s expected to make when the company goes public Democratic US Sens Chuck Schumer and Bob Casey have introduced a bill to punish such ex-citizens with heavy taxes and bar them from ever re-entering the U . Dig deeper ( 1 Min. Read )

American Corporations Dodge Billions in Taxes

Staff / Truthdig Apr 15, 2012 You work hard. You pay taxes. But 26 corporations don’t -- or at least they didn’t between 2008 and 2011. General Electric, Boeing and Verizon were among the major companies that together enjoyed more than $78 billion in tax subsidies over the last four years, according to a report by Citizens for Tax Justice. Dig deeper ( 2 Min. Read )

Wife Is Allowed to See Jailed Chinese Activist

Staff / Truthdig May 16, 2011 According to his wife, who was granted a visit with the dissident artist for the first time in the six weeks since he was detained at an airport and accused of tax evasion, Chinese authorities seem to be looking after the physical welfare of Ai Weiwei. The news dispels earlier rumors that he was being physically tortured, though he appeared mentally distressed, his wife said. Dig deeper ( 1 Min. Read )

WikiLeaks Banker Fined by Swiss Court

Staff / Truthdig Jan 20, 2011 A Swiss judge fined the former banker who gave confidential files to WikiLeaks roughly $6,250, but spared the whistle-blower a prison sentence. Rudolf Elmer was found guilty of violating Switzerland's confidential banking laws, which have protected such people as tax-dodging Americans and the Nazis. Dig deeper ( 1 Min. Read )

Swiss Bank to Hand Over Account Info

Staff / Truthdig Aug 19, 2009 Swiss bank accounts aren't what they used to be. Switzerland recently agreed to fork over information on 4,450 UBS AG bank accounts to the IRS as an investigation into suspected tax evasion threatens the good name that Swiss banking has provided to money launderers and tax evaders for centuries. Dig deeper ( 1 Min. Read )

Endgame for Gramm?

Robert Scheer / Truthdig Apr 15, 2009 One wonders if Phil Gramm has been made just a tad nervous by the news on Tuesday that one of UBS' super-wealthy private clients has pleaded guilty to tax evasion. Dig deeper ( 3 Min. Read )

Snipes Slapped with 3-Year Prison Sentence

Staff / Truthdig Apr 25, 2008 A Florida court sentenced Wesley Snipes to 36 months in prison for tax evasion on Thursday, despite the actor's plea for mercy and written character testimonials by fellow stars Denzel Washington and Woody Harrelson. Dig deeper ( 1 Min. Read )

Abramoff Pleads Guilty, Will Make Deal

Staff / Truthdig Jan 3, 2006 Lobbyist Jack Abramoff pleaded guilty to federal charges of conspiracy, tax evasion and mail fraud, agreeing to cooperate in a corruption investigation that could rock the Republican congressional leadership. Story. Dig deeper ( 1 Min. Read )