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U.S. prosecutors are accusing Swiss bank Julius Baer of helping more than 400 Americans hide undeclared money from the taxman, according to a ruling made public by a Swiss court on Wednesday. The 34-page ruling, which paraphrased an IRS request for
Kitts island is shown in this file photo distributed by the St...This has generated quite a stir among Chinese elites, although their reactions are somewhat hidden from the outside world...Under the act, U.S. taxpayers, including green card holders,
If a class war is heating up, a pilot study by Northwestern and Vanderbilt universities indicates the federal deficit may be the trigger. The study, "Democracy and the Policy Preferences of Wealthy Americans," by Benjamin I...The 1 percenters want to
Wisconsin Rep. Paul Ryan , coming off his failed vice presidential bid, says he voted for the fiscal cliff compromise because it leaves the nation "better off." In his first high-profile vote since leaving the campaign trail as former Massachusetts
Republicans in Congress took critical action this week to protect hardworking taxpayers from massive tax hikes. Americans are paying more for gas, more for groceries and more for health care...That's why we made sure the temporary tax cuts passed a
While the last-minute deal saved majority of Americans from paying higher taxes this year, the solution came at the cost of $4 trillion in foregone revenue over a span of 10 years and left more losers than winners after the bruising policy game.
The fiscal compromise between the Republicans and Democrats in the US will do nothing to tackle the country's worsening financial position and will continue to stoke the dangerous volatility that is harming international markets. US politicians have
The Senate’s eleventh hour decision to pass the fiscal cliff deal arrived on Tuesday, with 89-8 members approving higher tax rates for wealthy Americans. Despite this resolution, the debt limit battle still looms. Technically
Wealthy Americans say the President's top priorities ought to be growing the economy and reducing the unemployment rate over the next 12 to 18 months, followed by reducing the deficit and ending political gridlock, according to the first in a series
US House Speaker John Boehner swallows previous stance against "Fiscal Cliff" By Alfredo B.