The ordinary tax filer finds difficulty in keeping track of every single tax breaks that the IRS offers. It is important for a tax filer to know these tax breaks and deductions that he might be missing out on, so that he can take advantage of them before the April 18 deadline catches up on him.
Forty millionaires in New York have recently requested the governor to raise their taxes. This is a surprising move for the wealthy who are known for their overprotectiveness when it comes to their riches.
IHS, one of the largest data providers in the United States announced that it went into a merger recently with Markit, a global financial information and services firm based in London, for $13 billion and will move its headquarters to the United Kingdom.
Yahoo Inc's (YHOO.O) planned spin-off of its stake in Alibaba Group Holding Ltd (BABA.N) is likely to proceed on a tax-free basis, analysts said, as Yahoo shares regained most of their losses after concerns of a possible change in U.S. tax rules spurred a slide on Tuesday.
Standard Chartered (STAN.L) said it continued to keep its domicile under review, particularly given the likelihood Britain's bank tax will continue to rise, raising the prospect it could leave London for Asia.
China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group (BABA.N) who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection.
British bank HSBC Holdings Plc (HSBA.L) admitted on Sunday failings by its Swiss subsidiary, in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets.