Unstructured Finance

Essential reading: UK’s Cameron fights tax evasion, and more

April 25, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

 * UK premier David Cameron presses EU on tax evaders. Vanessa Houlder and George Parker – The Financial Times. David Cameron on Wednesday urged European leaders to be in the vanguard of a global effort to crack down on aggressive tax avoidance and evasion, as he tries to build momentum before the G8 summit in Northern Ireland in June. Link    

Essential reading: Congress looks at REIT tax exemption, and more

April 24, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Congress looks at REIT tax exemption. A.D. Pruitt – The Wall Street Journal. A powerful congressional committee is examining the tax exemption that real-estate investment trusts have enjoyed for decades as part of its comprehensive review of the tax code. Link    

Essential reading: Obama budget taxes more Americans, and more

April 23, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Analysis of Obama’s budget finds a higher tax burden for most Americans. Zachary Goldfarb – The Washington Post. President Obama’s budget would raise taxes mainly on people earning more than $200,000 a year, although earners at nearly every income level would face a somewhat higher tax burden, according to a new nonpartisan analysis. Link

Essential reading: Businesses become REITs to avoid taxes, and more

April 22, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Restyled as real estate trusts, varied businesses avoid taxes. Nathaniel Popper – The New York Times. A small but growing number of American corporations, operating in businesses as diverse as private prisons, billboards and casinos, are making an aggressive move to reduce — or even eliminate — their federal tax bills. Link    

Cleveland Fed leads in measuring stress

April 22, 2013

By Matthew Goldstein

 When you think of Cleveland, finance isn’t the first thing that comes to mind.

Calendar

April 19, 2013

Some important events in the week ahead:

 Monday, April 22

* New York University program on the future of pass-through entity taxation. 12:30 – 1:30 p.m. ET, Furman Hall, NYU. New York.

Essential reading: Verizon seeks way around tax bill, and more

April 19, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Not-so-taxing talk at Verizon. Miriam Gottfried – The Wall Street Journal. Nothing is certain but death and taxes. Yet Verizon Communications seems to think it has a way around the latter. Link 

Essential reading: Tax extension after Boston attack, and more

April 18, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* IRS announces three-month tax extension after attack. Laura Saunders – The Wall Street Journal. The Internal Revenue Service announced a three-month tax filing and payment extension for Boston-area taxpayers following Monday’s explosions during the Boston Marathon. Link    

Essential reading: Swiss lawyer charged in tax-evasion, and more

April 17, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Prosecutors charge Swiss lawyer, banker in tax-evasion case. Reed Albergotti – The Wall Street Journal. In the latest move in their crackdown on overseas tax evasion, federal prosecutors filed criminal charges against a lawyer and a banker from Switzerland and accused them of helping Americans hide assets. Link  

Essential reading: Tax filings slow as collection rises, and more

April 16, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

 * Tax filing is slow, but collections rise. John McKinnon – The Wall Street Journal. The fiscal-cliff deal continues to slow tax filing, thanks to changes that required the Internal Revenue Service to delay the tax season’s opening. Link