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Internal Revenue Service

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  • Lambert pleads guilty in Slate Belt loan case

    Lambert pleads guilty in Slate Belt loan case
    READING -- Walter "Buddy" Lambert admitted Tuesday he misled investors to entrust their savings to a Slate Belt loan agency while siphoning off money for his own use.
  • Shares of 'inversion' candidates slide on U.S. tax rule

    LONDON/NEW YORK (Reuters) - The U.S. Treasury's move to curb deals that allow U.S. companies to escape high taxes at home wiped a combined $12.3 billion off the shares of nearly a dozen companies on both sides of the Atlantic on Tuesday, as investors...

    U.S. Democrats weigh options to fight tax inversions

    (Reuters) - U.S. lawmakers are considering proposals to deal with a rising number of U.S. companies reincorporating overseas to slash their tax bills. The U.S. Treasury Department on Monday announced new rules that will reduce the tax benefits to...

    Treasury moves against 'inversion' deals

    Treasury moves against 'inversion' deals
    WASHINGTON -- Moving against tax avoidance by corporations, the Obama administration took several actions on Monday to curb “inversion” deals that allow companies to escape high U.S. taxes by reincorporating abroad. The Treasury Department...

    AstraZeneca, Shire dive as U.S. tax move punctures deal hopes

    LONDON (Reuters) - Shares in drugmakers AstraZeneca and Shire fell sharply on Tuesday after the U.S. Treasury took steps to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad. The move could jeopardize an...