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

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Mutiny Gold receives US$4m from Commercial Agreement, Project Finance ...
Proactive Investors USA & CanadaAugust 1, 2012

Credit Suisse and Mutiny have already entered into an $11 million loan which enabled Mutiny to complete the acquisition of Deflector, conduct an extensive 15000 metre drill program and advance its Feasibility Studies. Bankable Feasibility Study ...more »

Jain Cuts Deutsche Bank Compensation as Workers See Fewer Exits
San Francisco ChronicleAugust 1, 2012

1 (Bloomberg) -- Deutsche Bank AG co-Chief Executive Officer Anshu Jain is cutting compensation to placate shareholders as Europe's debt crisis slashes financial-industry jobs, leaving workers fewer opportunities to defect. “We need to further address ...more »

Tax Law News and Stories

Audit Defence
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Romney Won't Disclose Tax Returns, But You Might Have To Blog (blog)August 1, 2012

Obviously if the IRS is auditing you, they already have a copy of your returns. These could be brought into ... Verification from an employer or an attorney can often stand as proof of income in lieu of handing out the original document. Most Americans ...more »

International Taxation
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White House says Obama would sign into law measure that exempts Olympians ...
Washington PostAugust 6, 2012

WASHINGTON — The White House says President Barack Obama supports a measure that would exempt U.S. Olympians from taxes on their prizes. Press secretary Jay Carney said Monday that Obama would do “everything we can to support our athletes,” ...more »

Business Audit Defence
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Audit questions bonuses for top MCIA managers
Sayreville SuburbanAugust 8, 2012

The Office of the State Comptroller (OSC) announced that $100000 in “substantial annual bonuses” was paid to top executives of the Middlesex County Improvement Authority (MCIA) that were not provided for in employment contracts. The OSC announced ...more »

Property Taxes
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Zephyrhills council votes to raise property tax rate
Tbo.comAugust 1, 2012

State law requires two more opportunities to adjust the rate before the budget is passed Sept. 24. Under the law, the council may lower the rate, but can't easily raise it. Smith's argument for raising the tax rate is that property assessments have ...more »

Tax Evasion Defence
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Spain Budget Drive Threatened by Rampant Tax Fraud
CNBC.comAugust 3, 2012

That culture of ducking the taxman is deeply-engrained in Spain and is becoming a headache for Prime Minister Mariano Rajoy, threatening to force him to go back to the drawing board on budget plans which are crucial to the future of the euro.more »

Corporate Income Taxes
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Pence wants income tax cut; Gregg pushes equal pay
Muncie Star PressAugust 1, 2012

INDIANAPOLIS — Republican gubernatorial candidate Mike Pence proposed a fiscal plan Tuesday which would cut income taxes while locking in tight spending levels set by Gov. Mitch Daniels and state lawmakers during the recession. Pence estimates the ...more »

Tax Planning
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House Rejects Senate Measure on Bush Tax Cuts
AdvisorOneAugust 2, 2012

As expected, the House took the opposite stance to tax cuts as the Senate and passed legislation Wednesday that would extend all of the Bush tax cuts for everyone for one year. The House rejected the Senate's vote on July 26 to extend the Bush tax cuts ...more »

Estate Taxes & Gift Taxes
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Loosening tax law's hold on US Olympians
OneNewsNowAugust 3, 2012

"In the current tax law, an Olympian's winnings from awards ... medals ... bonuses or even endorsement contracts would be taxable under current tax law in the United States," he notes. Athletes from other countries would not be liable for such taxes ...more »


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