Topic: Tax Evasion and Fraud

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Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Facebook stock: 6 intriguing investors

Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
Newt Gingrich ethics investigation: 4 facts you haven't heard from him

Recently on the campaign trail, Newt Gingrich has made a number of forceful claims about the 1997 "reprimand" he received from the House Ethics Committee and challenged anyone to "go read the 1,300 pages” of the report. We did. Here’s what we found:
In Pictures: 'Celebrity Apprentice' cast
Billionaire as Russia's president? The 5 richest men in Russia.

A record number of billionaires now call Russia home – 114 of them, according to an annual list of the 500 richest Russians published Monday by the Moscow-based Finans magazine.

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Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Facebook stock: 6 intriguing investors

Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
Germany tries to convince Swiss banks to play by its rules

Germany and Switzerland signed a treaty today in which Switzerland agreed to impose taxes on Germans' secret accounts in Swiss banks, but the deal still falls short of the transparency Germany wants.
The Circle Bastiat
The US government's war on cash

By repeatedly refusing to print money in larger bills, the Feds make it harder to make huge financial transactions and can more easily monitor the financial maneuverings of citizens.
Newt Gingrich ethics investigation: 4 facts you haven't heard from him

Recently on the campaign trail, Newt Gingrich has made a number of forceful claims about the 1997 "reprimand" he received from the House Ethics Committee and challenged anyone to "go read the 1,300 pages” of the report. We did. Here’s what we found:
G20 summit and bribery: Is the anti-corruption effort for real?

A G20 summit of world leaders on Thursday will judge its year-long effort against corruption. With Greece as an example of what dishonesty can cause to the world economy, the G20 needs to set deadlines for action.
Back taxes: 12,000 tax cheats come clean

Back taxes plus interest amount to $500 million so far. The IRS program allows tax cheats to declare their assets overseas, pay back taxes, interest, and reduced penalties, and avoid jail time.
In Pictures: 'Celebrity Apprentice' cast
Billionaire as Russia's president? The 5 richest men in Russia.

A record number of billionaires now call Russia home – 114 of them, according to an annual list of the 500 richest Russians published Monday by the Moscow-based Finans magazine.
Tax preparation twist: Help others. Skip your own.

Tax preparation expert accused of avoiding paying his own New York state taxes.
Mafia arrests: Four of the most famous mob busts in history

The FBI announced one of the biggest mob busts in history on Thursday. Here are four other major law enforcement wins against American gangsters.
Global News Blog
Russian oil tycoon Khodorkovsky sentenced to six more years

Russian oil tycoon Mikhail Khodorkovsky was sentenced to six more years of jail time Thursday, following a trial that has been widely criticized as politically tinged.
The Circle Bastiat
Why are Greeks not paying their taxes?

It's estimated that 20 to 30 percent of Greek GDP is underground and the government may be losing up to $30 billion a year to tax evasion. Why aren't Greeks paying up?
Gallery: Ethically challenged Congressmen
Global News Blog
Italian tax amnesty could bring $150 billion home, but at what price?

Italy is giving tax evaders amnesty: a chance to bring their money home from tax havens at a cheap price. But critics worry the government is feeding a culture of tax evasion.
Global News Blog
Bucking trend, China releases activists

A public interest lawyer and a Uighur academic were freed from detention Sunday, with no explanation.
Tables turned on US tax cheats

A well-crafted agreement between the US and Switzerland could net far more than the 4,450 suspected American tax dodgers with accounts at banking giant UBS.
IRS cracks open 4,450 Swiss bank accounts

Deal with Swiss banking giant UBS gives access to secret accounts of Americans evading tax authorities.
A tougher stance on tax havens

Wednesday's US-Swiss deal is the latest step in an international crackdown on tax evaders.
Offshore tax evaders face carrots, sticks

But tax amnesties often don't help catch the big cheats, say some.
G-20 leaders to target nations harboring tax dodgers

Under threat of sanctions, Switzerland and other tax havens are starting to rethink their secrecy laws.
Tax havens in U.S. cross hairs

With $345 billion in lost revenue, tolerance for off-shore avoidance fades.
Germans sour on capitalism amid corporate scandals

The massive tax-evasion probe has netted more than 300 suspects, including top executive Klaus Zumwinkel of Deutsche Post.
In Europe, widening probe targets tax haven

Some 10 countries are investigating suspects, including the US, which estimates that it loses up to $100 billion a year in unpaid taxes.