TAX EVASION

Sep 11 2024POLITICS

EU's Big Win: Apple and Google Face Billions in Penalties

The European Union's highest court has delivered a major blow to Apple and Google, ruling against the tech giants in two landmark cases. The decisions, which could lead to billions of euros in penalties, are seen as a significant test of efforts to clamp down on the world's largest technology companies. Apple has been accused of striking illegal deals with the Iris...

reading time less than a minute
Sep 06 2024POLITICS

Hunter Biden's Tax Trial: Extravagance, Addiction, and a Battle Over Evidence

Hunter Biden, the president's son, is facing a tax evasion trial in Los Angeles. He's accused of failing to pay over $1.4 million in taxes while living what prosecutors call an 'extravagant lifestyle'. The indictment details over $7 million in income from foreign business dealings between 2016 and 2019. During that time, Biden allegedly spent nearly $5 million on...

reading time about 1 minute
Sep 06 2024FINANCE

Billionaire Tax Blues: Is the IRS Finally Catching Up?

The IRS is celebrating a major win: collecting $1.3 billion from high-wealth tax dodgers since last fall. But is this just a drop in the bucket? Consider this: in 2019, the top one percent owed more than one-fifth of all unpaid taxes. That means ordinary Americans were picking up the slack. The IRS claims to be cracking down on these wealthy evaders with new init...

reading time about 1 minute