Jun 01
The Family Limited Liability Company Submitted by Chris Moss CPA Credit Suisse pleads guilty to helping “clients deceive U.S. tax authorities by concealing assets in illegal, undeclared bank accounts, in a conspiracy that spanned decades..” —and no one going to jail? According to news reports the only penalty to Credit Suisse was a $2.5 billion …
May 04
Submitted by Chris Moss CPA Many of you have been perhaps curious as to why American based Pfizer Inc. is paying $100 billion to buy British rival AstraZeneca. Would you believe to save billions in taxes over many years to come? Yes, Pfizer, Brooklyn born and raised, the 165 year old maker of Lipitor, which …
Nov 01
Submitted by Chris Moss CPA Corporations pay the top tax rate on foreign profits, but not until those profits are brought back to the US from abroad. This exception is known as corporate offshore income deferral. But are US individuals able to achieve this kind of “income deferral”? US citizens and resident aliens all are …