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IRS seeks to close loophole used by ultra-wealthy
The Week via Yahoo News· 13 hours agoLegally, basis shifting transactions must have "'economic substance' rather than merely reducing tax bills," The Washington Post said. That requirement...
Chinese police probe into money laundering case in anti-drug cooperation with US
China Daily· 3 hours agoBEIJING -- Following a US clue on drugs and money laundering, Chinese police have launched an investigation into a case involving illegal foreign exchange transactions ...
Closing asset loophole could add billions to tax collections, IRS says - The Boston Globe
The Boston Globe· 1 day agoRobert Kovacev, a lawyer at Miller & Chevalier who represents partnerships being audited by the IRS,...
Empire Market owners charged for enabling $430M in dark web transactions
BleepingComputer· 2 days agoTwo men have been charged in a Chicago federal court for operating "Empire Market," a dark web...
Banana giant Chiquita to pay millions over human rights abuses
USA Today· 7 days agoIn 2007, Chiquita pleaded guilty to one count of engaging in transactions with a "specially...
California junk fee law to go into effect July 1, but will restaurants be exempt?
KTVU· 3 hours agoAs of July 1, it will be illegal for any restaurant in the Golden State to add special surcharges to diners' checks, which has become a favorite method that restaurants use ...
Ex-CNBC Financial Analyst James Arthur McDonald Jr. Captured By FBI After 3-Year Manhunt
TheBlast via Yahoo News· 9 hours ago...in Port Orchard, Washington, on Saturday by the FBI and will be… pic.twitter.com/Pa9xxidDP2 — The...
Despite sanctions, Russia still gets hands on Western goods
AFP via Yahoo News· 1 hour agoA Kansas businessman shipped banned avionics equipment to Russia through Armenia, the UAE and other...
Protections for the Undocumented
Reason.com via Yahoo News· 15 hours agoScenes from Austin: Two years ago, people worried whether Austin was going the way of Los Angeles or San Francisco. Now, it seems like the building boom,...
Texas men sentenced to prison terms for awareness and involvement in sanction violation
Crossroads Today· 7 days agoTwo Texas men were sentenced to 45 months in prison for conspiracy to violate International Emergency Economic Powers Act (IEEPA) and conspiracy to commit money laundering from the ...