Reuters



Reuters

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  • June 7, 2013

    Internal Revenue Service officials on Thursday tried to tame another scandal plaguing the agency, apologizing to lawmakers for a lavish 2010 conference in California that included an elaborate Star Trek spoof training video.

    "After I saw...

  • June 7, 2013

    Switzerland's parliament halted a bill on Wednesday that would let Swiss banks hand over client information to the U.S. authorities as part of a clampdown on tax evasion, saying it needed to know more about what the deal involved.

    The...

  • June 7, 2013

    The Internal Revenue Service is a long way from developing a system to verify an individual's annual income-tax filing before sending out a refund, a government watchdog said on Tuesday.

    Individuals who under-report income on their taxes...

  • June 7, 2013

    A lone Republican lawmaker blocking Senate votes on several tax treaties is a concern, but won't stop a new anti-tax evasion law from taking effect in 2014, a Treasury Department official said on Tuesday.

    Republican Senator Rand Paul's...

  • June 7, 2013

    The world's wealthy will continue to trust their fortunes to stable, neutral Switzerland even as a clampdown on tax evasion undermines the country's secrecy laws, Swiss bankers said.

    "The worn-out cliche has it that the sector was built on...

  • June 7, 2013

    A corruption-fighting Nigerian politician points a gun at a Swiss banker and demands the names of his rich Nigerian clients. When the banker refuses, the delighted official produces a cash-filled briefcase and asks to open an account.

    ...

  • May 30, 2013

    Switzerland aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to U.S. prosecutors.

    A government bill put to parliament...

  • May 23, 2013

    The Internal Revenue Service may be having a bad week, but Mary Rich isn't complaining about the taxman.

    The former nurse and hospital executive recently won a 10-year battle to get the IRS to reverse a ruling that would have cost her and...

  • May 23, 2013

    Three congressional hearings during the past week have allowed lawmakers to vent their anger at the U.S. tax agency for its targeting of conservative groups for extra scrutiny, but the sessions have yielded few answers about who was responsible...

  • May 22, 2013

    Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressional committee on...