Tax Law News. Crime Stories, Law on News and Legal Publications in July, 2014

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Most complaints by members of the Defence Forces to Ombudsman about ...
Irish TimesJuly 1, 2014

The report, by Ombudsman Patrick Anthony McCourt for 2012, revealed that of the 77 “active complaints'' under investigation, 23 related to non-selection for promotion; 21 to general maladministration and 15 to non-selection for a career-related course ...more »

Charity fundraiser Quadriga Art agrees to $25 million settlement
Tampabay.comJuly 1, 2014

It is the largest settlement ever reached in the United States on deceptive fundraising allegations, according to the New York attorney general. As part of the settlement, Quadriga Art and its affiliates will forgive a $13.8 million debt that a charity ...more »

Tax Law News and Stories

Audit Defence
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Clintons' corporate ATM cuts both ways
Washington ExaminerJuly 2, 2014

'If I were these two men, who made the claims or wrote the story, I would be talking to a lawyer,' Russell said. 'Because we are most definitely ... Daily Caller: “Ex-Internal Revenue Service official Lois Lerner tried to audit Republican Sen. Chuck ...more »

Personal Irs Disputes
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Lois Lerner's attorney backtracks: Okay, maybe she printed out 'some' emails
Hot AirJuly 9, 2014

IRS Commissioner John Koskinen testified before Congress that it was his understanding that Lerner had printed out her emails as required by the Federal Records Act. Later, however, Koskinen testified that Lerner may not have printed out her emails ...more »

Business Audit Defence
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Baillie questions law firm's 'preferential treatment'
Cumberland News NowJuly 10, 2014

HL:HALIFAX – Cumberland South MLA and Opposition Leader Jamie Baillie wants to know why the Liberals gave the Cumberland Regional Development Authority's legal counsel preferential treatment as a creditor of the closed development authority.more »

Property Taxes
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Garcia: Reform needed for property tax system
Chron.comJuly 10, 2014

Under Texas law, everyone who owns a home, building or land pays property tax to support vital local services. The amount of tax is supposed to be based on market value. And for most homeowners, assessments are pretty accurate. If there are errors, the ...more »

Sales Tax & Use Tax
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Vermont Enacts Various Tax Provisions, Including Five-Year Consolidated ...
Mondaq News Alerts (registration)July 4, 2014

The legislation also updates the state's conformity to the Internal Revenue Code (IRC) for income tax purposes. Finally, sales tax will apply to sales of materials and supplies to contractors used to improve or repair real property and use tax will be ...more »

Corporate Income Taxes
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Rich Chinese in Reach of New US Tax Law
Wall Street JournalJuly 3, 2014

Rich Chinese, watch out. The growing reach of U.S. tax authorities could get you in trouble at home. A new U.S. tax rule known as Fatca, the Foreign Account Tax Compliance Act, is going into effect. Beginning this past Monday, more than 77,000 banks ...more »

Tax Evasion Defence
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One held for service tax evasion
Times of IndiaJuly 2, 2014

SURAT: Central excise arrested Nirav Pramod Desai for evasion of service tax to the tune of Rs 60 lakh on Monday. He was sent to jail for 11 days by a court. Desai is proprietor of High Tech Engineers, Surat. In the period from 2009-10 to 2012-13, he ...more »

Estate Taxes & Gift Taxes
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California's Banned Fireworks Pile Up as Tax Bill Stalls
BloombergJuly 3, 2014

A plan by Governor Jerry Brown, a Democrat, to tax legal fireworks to pay for disposal stalled in the legislature amid opposition from Republicans. “There is no funding source for this, which has contributed greatly to our stockpiles,” Assistant State ...more »

Tax Planning
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Capital gains tax planning gets tougher
Times of IndiaJuly 13, 2014

NAGPUR: The budget has reduced the scope of planning for tax liability arising out of capital gains, and also plugged some loopholes in the system. Profits on sale of assets like real estate, gold, or shares are taxable as capital gains. Apart from ...more »

International Taxation
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New SC tax laws for vacation rentals take effect immediately
Charleston Post CourierJuly 6, 2014

South Carolina property owners who rent their homes to vacationers will face more tax-related scrutiny under one new state law, but some could see big tax savings under another new law. The impacts will mostly play out in beach communities where such ...more »


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