Tax Law News. Crime Stories, Law on News and Legal Publications in April, 2012

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Shane Filan's High Court debt battle: Bank of Ireland sues Westlife star who ...
Daily MailApril 1, 2012

Documents lodged in the High Court show that BoI is pursuing cases against the star and two members of his family, Finbarr and Peter. BoI was one of several banks that helped fund Shane's massive property speculations during the boom, which aimed to ...more »

BUSINESS IN BRIEF 1/4
VietNamNet BridgeApril 1, 2012

The possible bankruptcy of construction company Hanic (SHN) has revealed possible misuses of company funds by staff and drawn attention to the inadequacy of many companies' internal control systems. According to the deputy director of the Ministry of ...more »

Tax Law News and Stories

Audit Defence
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The People vs. the IRS
BusinessWeekApril 5, 2012

On a March Friday, after a week that included briefing Capitol Hill staffers about identity theft, meeting with IRS lawyers about domestic partnership laws, and working on a blog post about her latest gripes with the agency, Olson gave a keynote speech ...more »

Irs Filing & Compliance
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IRS Transfer Pricing Agreements Declined Last Year
Accounting TodayApril 2, 2012

By Michael Cohn, Accounting Today The Internal Revenue Service reported Monday that the number of completed Advance Pricing Agreements, in which the IRS and multinational corporate taxpayers work out voluntary agreements on transfer pricing, ...more »

Business Audit Defence
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Hate Corruption Not Public Scrutiny -Verdier Tells Supreme Court; Urges ...
AllAfrica.comApril 4, 2012

Cllr. Verdier contends that there is no way the high court can maintain the citizens' confidence and trust as the final arbiter of legal and constitutional questions if it closes its eyes to Article 74 of the Constitution of Liberia (1986).more »

Personal Irs Disputes
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Lawsuits Test UBS Advice on Offshore Bank Accounts
Accounting TodayApril 2, 2012

Tax lawyers describe the suits, emerging from a crackdown by federal authorities on Swiss banks, as the first of their kind in the United States to assert that Swiss bankers made improper assertions to their US clients about the tax implications of ...more »

Property Taxes
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Chevron loses Contra Costa County property tax appeal
Contra Costa TimesApril 3, 2012

By Lisa Vorderbrueggen MARTINEZ -- Chevron, which has insisted for years that the property tax bill for its Richmond refinery was too high, lost its argument Monday in the worst possible way: A county appeals board ruled the bill isn't nearly high ...more »

Corporate Income Taxes
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India's tax change to impact investment: UK
Business TodayApril 2, 2012

British Finance Minister George Osborne on Monday said the Indian government's proposal to change tax laws retrospectively will damage its investment climate, reports said. Finance Minister Mukherjee Pranab Mukherjee in the Budget proposed to amend the ...more »

Sales Tax & Use Tax
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Preparing For The Jamboree
West Virginia MetroNewsApril 2, 2012

A new tax exemption law will extend sales and use tax exemptions to contractors working for the Boy Scouts at the Bechtel Family Summit. The exemption covers things like building materials but does not include gasoline and special fuel.more »

Estate Taxes & Gift Taxes
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Beer tax among old laws commission recommends be repealed
BBC NewsApril 3, 2012

The legislation for a tax on beer was enacted between 1798 and 1828. The money was collected locally and was put to good uses in the burghs in question, for example for roads and other purposes. Sir James Munby, chairman of the Law Commission for ...more »

Tax Evasion Defence
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BIR targets P40 billion from 100 tax cases
Philippine StarApril 1, 2012

By Iris Gonzales (The Philippine Star) Updated April 02, 2012 12:00 AM 0 MANILA, Philippines - The Bureau of Internal Revenue (BIR) is eyeing to collect roughly P40 billion from 100 tax evasion cases it has filed since the start of the Aquino ...more »

International Taxation
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Private Equity Tax Break Won't Apply to Health-Care Levy
BloombergApril 2, 2012

The Supreme Court heard arguments last week on the constitutionality of parts of the health care law, and a ruling expected by the end of June could determine whether the tax takes effect. Carried Interest The share of profits private-equity managers ...more »

Tax Planning
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3 Cruise Ships That Won't Eat Through Your Income Tax Refund
Cruise CriticApril 10, 2012

(10:45 am EDT) -- The April 17 tax deadline is approaching, which means one thing: You can start planning that cruise now. Why now? Because many Americans spend their tax refunds -- which the IRS says have averaged around $3000 for the past few years ...more »

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