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

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More couples take the road less taken
Deccan HeraldApril 1, 2012

In an important decision aimed at changing the landscape for divorce seekers in the country, the Union cabinet recently approved a draft amendment to divorce laws, which would make it easier to for a couple to part ways. The cabinet's proposal seems to ...more »

The crash that goes on forever
Gloucester AdvocateApril 1, 2012

Australian registered aircraft can still fly the Pacific under regulations that have clearly failed, yet the Civil Aviation Safety Authority has done little but suspend the pilot, only to reinstate him after he hired a lawyer. Pel-Air will not discuss ...more »

Tax Law News and Stories

Business Audit Defence
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Audit: Treasury's review of Solyndra 'rushed'
PoliticoApril 4, 2012

“We found that Treasury did perform a consultation on the terms and conditions of the Solyndra loan guarantee,” says the audit report. “However, whether that consultation met the intent of the applicable law and regulation is not clear because ...more »

Personal Irs Disputes
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Lawyer sentenced to 23 years for securities fraud
Daily CometApril 5, 2012

By MICHAEL BIESECKER AP RALEIGH, NC - A former securities lawyer was sentenced Wednesday to 23 years in prison for his role in a massive fraud scheme that targeted about 200 investors in 21 states, including several Baptist churches.more »

Corporate Income Taxes
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Bay Staters who work in Rhode Island could cash in on new tax ruling
Enterprise NewsApril 3, 2012

As a result of the recent change, Bay State residents who since 2008 have been paying into the Rhode Island Temporary Disability Act (TDI) now are entitled to a 100-percent credit, or abatement. “It's a substantial amount of money,” said DOR spokesman ...more »

Property Taxes
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House Republicans Sue Over Education Funding Law
Essential Public RadioApril 5, 2012

[It was] built five years ago, today it's worth about $150000 and it's got an $11000 property tax bill on it. $11000 property taxes. You're really a prisoner in your own home,” he said. Scavello says that law is unfair to areas like his Monroe County ...more »

Sales Tax & Use Tax
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Bill to boost sales tax advances
Kearney HubApril 3, 2012

LINCOLN — In something of a surprise, state lawmakers pushed a bill to final approval Monday that would allow Omaha and other Nebraska cities to increase their local sales tax by a half-cent, with voter approval. The vote was 29-14, which still leaves ...more »

Estate Taxes & Gift Taxes
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Reich: Political jujitsu to save health care law
San Francisco ChronicleApril 1, 2012

If the Supreme Court decides that the individual mandate requiring everyone to buy health insurance is an unconstitutional extension of federal authority, the law starts unraveling. But with a bit of political jujitsu, President Obama could turn that ...more »

Tax Evasion Defence
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Dalbeattie woman cleared of £1.75m tax evasion charge
BBC NewsApril 4, 2012

A Dalbeattie woman has been cleared of being involved in evading tax and national insurance payments totalling nearly £1.75m. Susan Maxwell, 49, was charged with her husband Stephen, 52, of forming a fraudulent scheme to avoid paying the contributions.more »

International Taxation
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Germany tries to convince Swiss banks to play by its rules
MinnPost.comApril 6, 2012

But a global crackdown on tax evasion, initiated by the OECD in 2009, has led to numerous information-exchange deals with tax havens like Luxembourg, Monaco, and the Cayman Islands. Ever since, Switzerland has tried to walk a fine line between ...more »

Tax Planning
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Flying Solo
Financial-Planning.comApril 2, 2012

She specializes in estate planning, insurance and tax planning for elderly and retired people, and the institutions wanted to incorporate her expertise into their offerings. The banks also wanted Dorrell to move her practice inside their buildings for ...more »

Irs Filing & Compliance
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NRIs in US: Don't panic; seek right advice about foreign account reporting
Economic TimesApril 11, 2012

As the last date for filing US tax returns, 17th April, draws near, we come to the end of our series on the various implications of the IRS rules for Indian Americans. According to the IRS tax code, all US residents, green card holders and citizens ...more »


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