Tax Law News. Crime Stories, Law on News and Legal Publications in May, 2017

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Bogus Glasgow venture capital firm nets a fortune
The ScotsmanApril 23, 2017

Police are investigating a Scotland-registered venture capital firm which investors say has duped them out of hundreds of thousands of pounds. Icon Group, which lists a Bill Icon as its only director and claims to be based in a rented office block in ...more »

Two men arrested in Amherst for credit card fraud
WSLSApril 23, 2017

Officers say Joseph Caleb and Jahrulle Terrence Caleb Whyte attempted to make purchases with multiple credit cards at the Food Lion on 1102 Washington Street on Friday, April 21, when employees became suspicious. When officers arrived at the store, the ...more »

Tax Law News and Stories

Audit Defence
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Taxpayers can survive IRS audits | News | muskogeephoenix.com
Muskogee Daily PhoenixApril 27, 2017

Experts encourage taxpayers whose returns become subject to an audit by the Internal Revenue Service to be armed with information and be able to provide ...more »

Irs Filing & Compliance
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As Surfrider Foundation Heads to Capitol Hill, CRC Calls on IRS to Investigate Group's Tax-Exempt Status
Capital Research CenterMay 8, 2017

The Capital Research Center filed an official complaint with the IRS in March, calling on the federal government to investigate Surfrider's 501(c)(3) compliance. Note: To interview Dr. Steven J. Allen, please contact Kristen Eastlick, (202) 464-2052 or ...more »

Corporate Income Taxes
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Ludhiana court summons Punjab CM Amarinder Singh on July 20 in Income Tax case
The Indian ExpressApril 24, 2017

The complaint against Captain was filed by IT department under section 277 (false statement in verification) of Income-Tax Act and several sections of IPC including 176 (omission to give notice or information to public servant), 177 (furnishing false ...more »

Property Taxes
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Revamped bill to overhaul your property taxes still doesn't square with local officials
Dallas NewsMay 10, 2017

AUSTIN — A House revamp of the controversial property tax bill that Lt. Gov. Dan Patrick called a "top priority" is less about tax relief and more about transparency. But it still missed its mark with local officials and law enforcement, who fear an ...more »

Sales Tax & Use Tax
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Your 4B Election Guide
Midland Reporter-TelegramApril 23, 2017

The extension of the sales and use tax imposed within the city of Midland at the rate of one-quarter of one percent pursuant to Texas Local Government Code Chapter 505 (“Chapter 505”), with the proceeds, including those previously collected, to be used ...more »

Estate Taxes & Gift Taxes
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Tax laws are not always 'fair'
Independent OnlineApril 25, 2017

Pretoria - A recent tax case demonstrated quite clearly how paying tax under a “statutory obligation” might seem “unfair”, but that there was nothing “unjust” about it. In this case the taxpayer – a company – sold a property for a huge gain, was taxed ...more »

Tax Evasion Defence
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Aguirre wants Atong Ang probed for possible tax evasion
Inquirer.netMay 1, 2017

Filipino-Chinese businessman Charlie “Atong” Ang should be investigated for possible tax evasion, Justice Secretary Vitaliano Aguirre II said following the raids conducted by government authorities on gambling dens in Tuguegarao last Thursday and Friday.more »

International Taxation
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Trump's plan to slash business taxes seen as 'guidepost' by congressional Republicans
ReutersApril 26, 2017

U.S. National Economic Director Gary Cohn (L) and Treasury Secretary Steven Mnuchin end their breifing after unveiling the Trump administration's tax reform proposal in the White House briefing room in Washington, U.S, April 26, 2017. REUTERS/Kevin ...more »

Tax Planning
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Trump's Tax Plan: Three Key Takeaways
Wall Street Journal (blog) (subscription)April 27, 2017

President Donald Trump proposed deep tax cuts for both individuals and corporations as part of his plan to simplify the U.S. tax code. WSJ's tax reporter Richard Rubin has three key takeaways. Photo: SAUL LOEB/AGENCE FRANCE-PRESSE/GETTY ...more »

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